Corner Lot 4-Plex with Central
903 Luttrell Street Knoxville, TN 37917
903 Luttrell Street, Knoxville, TN, 37917
$795,000
For Sale
$795,000
Charming four-plex on a corner lot featuring central HVAC and original details like hardwood floors and high ceilings.
Property Size5,608 SF
Price / SF$141.76
Days on Market176
Property Features for 903 Luttrell Street
General Information
- Standard status
- Active
- Size
- 5,608 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Goldman Partners Realty, LLC
(865) 444-3241
Listed by
Solange Velas · License #263596
Source
Compass
Added: Jan 27 Updated: Jul 21 at 2:33AM Checked: Jul 22 at 10:28AM
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 Goldman Partners Realty, LLC
Investment Insights
Based on property information with market context.
This charming four-plex sits on a corner lot and retains much of its original character, including hardwood floors, high ceilings, wood bannisters, and original-style doors. The units are described as very spacious, each with ample storage. The two upstairs units are accessed via private staircases and each has rear access to the backyard from a covered balcony. Interiors have been upgraded over time, and all units have central HVAC.
The property is located at 903 Luttrell Street in Knoxville, TN 37917, in the Historic Fourth & Gill area. Public remarks note double wide sidewalks, plenty of parking, and convenient access to bike paths, pocket parks, downtown, and the Old City.
Additional materials include video walkthroughs of each unit available under the documents tab. There is no sign on the property, and residents are to not be disturbed.
The property is located at 903 Luttrell Street in Knoxville, TN 37917, in the Historic Fourth & Gill area. Public remarks note double wide sidewalks, plenty of parking, and convenient access to bike paths, pocket parks, downtown, and the Old City.
Additional materials include video walkthroughs of each unit available under the documents tab. There is no sign on the property, and residents are to not be disturbed.
Key Highlights
- Charming 4‑plex on a corner lot with original details including hardwood floors, high ceilings, and wood bannisters and doors
- All units have central HVAC for heating and cooling
- Each unit includes upgraded interiors over time and features like a range and refrigerator
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 | $84.1k | $15.00 |
| − Vacancy | −$6.0k | −$1.07 |
| EGI | $78.1k | $13.93 |
| − OpEx | −$23.4k | −$4.18 |
| NOI | $54.7k | $9.75 |
5,608 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$781.3K
$683.6K – $911.5K
NOI $54,691 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$719.0K
$629.1K – $838.8K
NOI $50,328 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,229 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Charming four-plex on a corner lot featuring central HVAC and original details like hardwood floors and high ceilings.
Where is this quadplex located?
The property is located at 903 Luttrell Street Knoxville, TN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Charming 4‑plex on a corner lot with original details including hardwood floors, high ceilings, and wood bannisters and doors; All units have central HVAC for heating and cooling; Each unit includes upgraded interiors over time and features like a range and refrigerator
