West Knoxville Multifamily Investment
7500 Falling Leaves Circle, Knoxville, TN 37909
- Added:
- Mar 24, 2026
- Days on Market:
- 71
- Last Refresh:
- Jun 2 at 6:06 am
Property Features for 7500 Falling Leaves Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3
- Parking features
- Off Street
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
- Standard status
- Pending
- APN
- 106JA02401
- Size
- 4,180 SF
Taxes and HOA fees
- Tax Annual Amount
- 5278
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating), Central
- Cooling system
- Central Air
Building Details
- Year built
- 1976
- Number of units
- 4
- Flooring type
- Carpet, Laminate
- Building materials
- Fiber Cement, Vinyl Siding, Frame
- Roof type
- Metal
Listing agent Dee Dee Burnette (865) 660-0225
Listing office Honors Real Estate Services LLC 115 Suburban Road, Knoxville, TN (865) 238-0002
Listing date Mar 24, 2026
MLS# 1333855
Listing URL
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.
HighLights
- Immediate Income: All four units are currently rented, providing instant cash flow for the buyer.
- Prime Location: Situated in the heart of West Knoxville, close to shopping, dining, and the interstate.
- Four Spacious Units: Each unit features 2 bedrooms and 1 full bath.
- Updated Units: Two of the units have been recently updated, increasing their rental value.
- Durable Metal Roof: Offers long‑term reliability and reduces maintenance costs.
- Each unit is equipped with essential appliances including a dishwasher, microwave, range, and refrigerator.
Overview
Located in the heart of West Knoxville, this four-unit apartment building presents a great investment opportunity. The property features four spacious units, each with 2 bedrooms and 1 full bath. The building's location provides convenient access to shopping, dining, and the interstate, which is ideal for strong rental demand. Two of the units have been recently updated, offering value-added potential. All units are currently rented, providing immediate income. The building also features a durable metal roof. The property, with a size of 4180 square feet, is being sold as is.
Local Financial Insights For Multifamily LT 5
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 | $62.7k | $15.00 |
| − Vacancy | −$4.5k | −$1.07 |
| EGI | $58.2k | $13.93 |
| − OpEx | −$17.5k | −$4.18 |
| NOI | $40.8k | $9.75 |
4,180 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$582.4K
$509.6K – $679.4K
NOI $40,765 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$535.9K
$468.9K – $625.2K
NOI $37,513 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.04M
$905.9K – $1.21M
NOI $72,471 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -84.042527
- Latitude
- 35.943632
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit apartment building in West Knoxville with immediate income potential.
Where is this quadplex located?
The property is located at 7500 Falling Leaves Circle Knoxville, TN.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Immediate Income: All four units are currently rented, providing instant cash flow for the buyer.; Prime Location: Situated in the heart of West Knoxville, close to shopping, dining, and the interstate.; Four Spacious Units: Each unit features 2 bedrooms and 1 full bath.
