8-Unit Townhouse-Style Apartment
For Sale
Contact for pricing
Pending
800 W 4th Ave, Lenoir City, TN 37771
Two-building apartment property with individual utility metering and laundry hookups in every residence.
Property Size7,092 SF
Days on Market54
Property Features for 800 W 4th Ave
General Information
Standard status
Pending
Size
7,092 SF
Property subtype
Multifamily
Zoning
Commercial
Occupancy
87%
Units
Unit Mix
4 x 2BR/1BA, 4 x 2BR/1.5BA
Multifamily Units
8
Additional Details
Gross Income
$115,960
Utilities to Site
Yes
Amenities
washer/dryer connections
deck/patios
Building Details
Year Built
1981
Year Renovated
2007
Buildings
2
Stories
2
Units
8
Tenancy
Multi
Construction
all-brick
Listing Agency:
Wallace Commercial
Listed By:
Chris Bruce · License #TN
(865) 690-1111
Source:
Crexi
Added: Aug 26
Changed: Oct 11
Last Checked: Oct 16 at 7:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wallace Commercial
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Investment Insights
Based on property information with market context.
The property contains 8 all-brick, townhouse-style apartments arranged across two buildings. Building 1 dates to 1981 and includes four two-bedroom, one-bath units. Building 2 was completed in 2007 and adds four two-bedroom units with one and a half bathrooms; these residences also include deck or patio areas. The combined property measures 7,092 square feet and is zoned Commercial.
All units are connected to public utilities, with electric and water separately metered for each residence. Washer and dryer connections are provided throughout the property. The asset is located at 800 W 4th Ave in Lenoir City, Tennessee, with showings available by appointment.
All units are connected to public utilities, with electric and water separately metered for each residence. Washer and dryer connections are provided throughout the property. The asset is located at 800 W 4th Ave in Lenoir City, Tennessee, with showings available by appointment.
Key Highlights
- 8 all‑brick apartment units in townhouse‑style buildings
- 7,092‑square‑foot property with Commercial zoning
- Building 1 constructed in 1981 with four 2‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,646
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,272,920
$1.3M
Cap Rate 7%
$909,229
$909.2K
Cap Rate 9%
$707,178
$707.2K
Market Conditions
NOI Build-Up for 7,092 SF
Gross rent
$125.1K $17.64/SF
− Vacancy
−$9.4K −$1.32/SF
EGI
$115.7K $16.32/SF
− OpEx
−$52.1K −$7.34/SF
NOI
$63.6K $8.97/SF
Area
Loudon 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%
$1,272,920
Cap Rate 7%
$909,229
Cap Rate 9%
$707,178
Alternative Uses
Best Use
Apartment 5plus
$909.2K
$795.6K – $1.06M
NOI $63,646 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,958 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 37771, TN
16,822
Population
7,573
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
50.1 sq mi
ZIP Area
336
Density / Sq Mi
$62,338
Median Household Income
$33,330
Median Earnings
$946
Median Rent
$236,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building apartment property with individual utility metering and laundry hookups in every residence.
Where is this apartment building located?
The property is located at 800 W 4th Ave Lenoir City, TN.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: 8 all‑brick apartment units in townhouse‑style buildings; 7,092‑square‑foot property with Commercial zoning; Building 1 constructed in 1981 with four 2‑bedroom, 1‑bath units
