Historic Duplex Short-Term
812 N 4th Ave, Knoxville, TN 37917
For Sale
$774,900
Multi-Family, Knoxville, TN
Property Size3,177 SF
Lot Size0.17 Acres
Price / SF$243.91
Days on Market101
Property Features for 812 N 4th Ave
General Information
Property type
Property subtype
Bedrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Real Broker
(844) 591-7325
Listed By:
Quinn Epperly
(865) 963-8462
Added: Aug 3
Changed: Oct 27
Last Checked: Nov 11 at 1:06PM
MLS# 1350530
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.
Built in 1899 and remodeled in 2019, this 3,177-square-foot duplex sits on a 0.17-acre lot. Each side contains two bedrooms and two full bathrooms. Interior details include hardwood floors, stained-glass windows, tiled bathrooms, wood siding and high ceilings. Central heating and air conditioning serve the property, with a porch and off-street and on-street parking options.
The property has commercial zoning and is eligible for Type 2 non-owner-occupied short-term rental permits. It is currently operated as a short-term rental. Furnishings may be purchased separately.
The property has commercial zoning and is eligible for Type 2 non-owner-occupied short-term rental permits. It is currently operated as a short-term rental. Furnishings may be purchased separately.
Key Highlights
- Currently operated as a short‑term rental; eligible for Type 2 non‑owner‑occupied short‑term rental permits
- 3,177 square feet on a 0.17‑acre lot
- Two‑bedroom, two‑bathroom layout on each side of the duplex
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.
How Realmo checks its estimates
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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?
Short term rental property - The two-unit property is operating as a short-term rental and has commercial zoning.
Where is this short term rental property 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: Currently operated as a short‑term rental; eligible for Type 2 non‑owner‑occupied short‑term rental permits; 3,177 square feet on a 0.17‑acre lot; Two‑bedroom, two‑bathroom layout on each side of the duplex
