Harriman, TN Four-Unit Apartment
725 Chilhowee St Harriman, TN 37748
For Sale
$399,000
MULTI_FAMILY - Harriman, TN
Property Size3,796 SF
Price / SF$105.11
Days on Market93
Property Features for 725 Chilhowee St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4
Parking features
Off Street
Appliances
Range, Refrigerator
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
Hardwood, Vinyl
Building materials
Frame
Roof type
Shingle
Listing Agency:
Southland Brokers
(865) 694-6111
Listed By:
Raj Cheema
(865) 466-7240
Added: Apr 28
Changed: Jul 12
Last Checked: Jul 29 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This well-maintained four-unit apartment building presents an investment opportunity with long-term income potential. Located in a desirable area, the property offers off-street parking for tenants, enhancing its convenience and appeal. Tenants are responsible for their own utilities. The multifamily building is suitable for investors seeking to expand their portfolio or those desiring reliable rental income. The property is 3,796 square feet and located in Harriman, Tennessee.
Key Highlights
- Well‑maintained 4‑unit apartment building
- Year built 1951; frame construction and shingle roof
- Electric heating; cooling with window unit(s)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.0k | $17.64 |
| − Vacancy | −$5.0k | −$1.32 |
| EGI | $61.9k | $16.32 |
| − OpEx | −$27.9k | −$7.34 |
| NOI | $34.1k | $8.97 |
3,796 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.0K
NOI $37,020 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$486.7K
$425.8K – $567.8K
NOI $34,067 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit apartment building with long-term income potential.
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 $399,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit apartment building; Year built 1951; frame construction and shingle roof; Electric heating; cooling with window unit(s)
