Historic
For Sale
$774,900
812 N 4th Ave, Knoxville, TN 37917
Two mirrored residences offer short-term rental use, with each side arranged as a two-bedroom, two-bathroom unit.
Property Size3,177 SF
Price / SF$243.91
Days on Market83
Property Features for 812 N 4th Ave
General Information
Standard status
Active
Size
3,177 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
No
Gross Income
$90,000
Taxes and HOA fees
Annual Taxes
$2,212
Amenities
Cathedral Ceiling(s)
Building Details
Building Size
3,177 SF
Year Built
1899
Year Renovated
2019
Buildings
1
Units
2
Listing Agency:
Real Broker
(844) 591-7325
Listed By:
Quinn Epperly
(865) 963-8462
Source:
Carterchaserealty
Added: Aug 3
Changed: Oct 23
Last Checked: Oct 22 at 2:38PM
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 Real Broker
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Investment Insights
Based on property information with market context.
Built in 1899 and remodeled in 2019, this 3,177-square-foot duplex retains original hardwood floors, stained-glass windows, tall ceilings, and wood siding. Each side has two bedrooms and two full bathrooms, with tiled baths and white shaker cabinets. Furnishings may be purchased separately.
The property is in Knoxville’s Historic Fourth & Gill neighborhood, within walking distance of a baseball stadium, restaurants, breweries, shops, and entertainment. Downtown Knoxville is a short drive away. Commercial zoning and eligibility for Type 2 non-owner-occupied short-term rental permits support its current Airbnb operation. The existing duplex layout may also be changed back to a single-family residence.
The property is in Knoxville’s Historic Fourth & Gill neighborhood, within walking distance of a baseball stadium, restaurants, breweries, shops, and entertainment. Downtown Knoxville is a short drive away. Commercial zoning and eligibility for Type 2 non-owner-occupied short-term rental permits support its current Airbnb operation. The existing duplex layout may also be changed back to a single-family residence.
Key Highlights
- Two units, each with 2 bedrooms and 2 full bathrooms
- 3,177 square feet; built in 1899
- Remodeled in 2019 with original hardwood floors and stained‑glass windows retained
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,983
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,660
$619.7K
Cap Rate 7%
$442,614
$442.6K
Cap Rate 9%
$344,256
$344.3K
Market Conditions
NOI Build-Up for 3,177 SF
Gross rent
$47.7K $15.00/SF
− Vacancy
−$3.4K −$1.07/SF
EGI
$44.3K $13.93/SF
− OpEx
−$13.3K −$4.18/SF
NOI
$31.0K $9.75/SF
Area
Knoxville, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,660
Cap Rate 7%
$442,614
Cap Rate 9%
$344,256
Alternative Uses
Best Use
Multifamily LT 5
$442.6K
$387.3K – $516.4K
NOI $30,983 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$786.9K
$688.5K – $918.0K
NOI $55,082 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
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Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences offer short-term rental use, with each side arranged as a two-bedroom, two-bathroom unit.
Where is this duplex located?
The property is located at 812 N 4th Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 full bathrooms; 3,177 square feet; built in 1899; Remodeled in 2019 with original hardwood floors and stained‑glass windows retained
