Four-Unit Apartment
For Sale
$389,900
725 Chilhowee St, Harriman, TN 37748
Multi-Family, Harriman, TN
Property Size3,796 SF
Price / SF$102.71
Days on Market184
Property Features for 725 Chilhowee St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 6
Parking features
Off Street
Appliances
Range, Refrigerator
Directions
Turn right onto S Roane Street, Turn Left onto Carter Ave NW, Turn right onto Margrave Drive, Slight right onto Chilhowee Street Property on your right
Subdivision
Roane County - 31
Standard status
Active
APN
026C C 00400 000
Size
3,796 SF
Taxes and HOA fees
Tax Annual Amount
1833
Utilities
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1951
Number of units
4
Flooring type
Vinyl, Hardwood
Building materials
Frame
Roof type
Shingle
Listing Agency:
Southland Brokers
(865) 694-6111
Listed By:
Raj Cheema
(865) 466-7240
Added: Apr 28
Changed: Oct 27
Last Checked: Oct 28 at 4:06AM
MLS# 1338585
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit apartment property contains 3,796 square feet and was built in 1951. The frame structure has a shingle roof, vinyl and hardwood flooring, electric heating, and window-unit cooling. Interior features include ranges and refrigerators, along with six identified bedrooms and four bathrooms.
Located at 725 Chilhowee St in Harriman, Tennessee, the property provides off-street parking for residents. Tenants are responsible for their own utilities, and the building is classified in the source data as a quadplex. The combination of multiple residential units, on-site parking, and separately paid utilities defines the property's operating setup.
Located at 725 Chilhowee St in Harriman, Tennessee, the property provides off-street parking for residents. Tenants are responsible for their own utilities, and the building is classified in the source data as a quadplex. The combination of multiple residential units, on-site parking, and separately paid utilities defines the property's operating setup.
Key Highlights
- Four‑unit apartment building with 3,796 square feet
- Built in 1951 with frame construction and a shingle roof
- Six identified bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,067
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,340
$681.3K
Cap Rate 7%
$486,671
$486.7K
Cap Rate 9%
$378,522
$378.5K
Market Conditions
NOI Build-Up for 3,796 SF
Gross rent
$67.0K $17.64/SF
− Vacancy
−$5.0K −$1.32/SF
EGI
$61.9K $16.32/SF
− OpEx
−$27.9K −$7.34/SF
NOI
$34.1K $8.97/SF
Area
Roane County, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,340
Cap Rate 7%
$486,671
Cap Rate 9%
$378,522
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.0K
NOI $37,020 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$486.7K
$425.8K – $567.8K
NOI $34,067 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
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Business Placement
Demographics for 37748, TN
17,227
Population
8,208
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
87%
High-School Grad
106.6 sq mi
ZIP Area
162
Density / Sq Mi
$58,649
Median Household Income
$40,155
Median Earnings
$760
Median Rent
$173,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Frame construction, off-street parking, and tenant-paid utilities support a practical multifamily property configuration.
Where is this quadplex located?
The property is located at 725 Chilhowee St Harriman, TN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Four‑unit apartment building with 3,796 square feet; Built in 1951 with frame construction and a shingle roof; Six identified bedrooms and four bathrooms
