24-Unit Apartment
New
For Sale
$3,100,000
906 Old Reservoir Rd, Maryville, TN 37804
All residences are one-bedroom, one-bathroom units, with recent flooring, HVAC, and paint updates.
Property Size16,880 SF
Days on Market7
Property Features for 906 Old Reservoir Rd
General Information
Standard status
Active
Size
16,880 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
24 x 1BR/1BA
Multifamily Units
24
Building Details
Building Size
16,880 SF
Year Built
1986
Listing Agency:
PWA Properties
Listed By:
Cohl Morgan · License #351465
(865) 603-9887
Source:
Thecochranteam
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 7 at 8:25AM
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 PWA Properties
Investment Insights
Based on property information with market context.
Wildwood Apartments is a 24-unit multifamily property in Maryville, Tennessee. Built in 1986, the building contains one-bedroom, one-bathroom residences and is fully leased. Recent work includes flooring, HVAC equipment, paint, and a property sign.
The property is in Maryville, with access to employment centers, retail, dining, schools, and major transportation routes across Blount County and the surrounding Knoxville area.
The property is in Maryville, with access to employment centers, retail, dining, schools, and major transportation routes across Blount County and the surrounding Knoxville area.
Key Highlights
- 24 apartment units, each with one bedroom and one bathroom
- Currently 100% leased
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,633
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,052,660
$3.1M
Cap Rate 7%
$2,180,471
$2.2M
Cap Rate 9%
$1,695,922
$1.7M
Market Conditions
NOI Build-Up for 16,880 SF
Gross rent
$297.8K $17.64/SF
− Vacancy
−$20.2K −$1.20/SF
EGI
$277.5K $16.44/SF
− OpEx
−$124.9K −$7.40/SF
NOI
$152.6K $9.04/SF
Area
Blount County, TN
Vacancy
6.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,052,660
Cap Rate 7%
$2,180,471
Cap Rate 9%
$1,695,922
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,633 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.80M
$5.95M – $7.93M
NOI $475,708 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 37804, TN
27,075
Population
10,569
Households
2.6
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
34.9 sq mi
ZIP Area
776
Density / Sq Mi
$75,794
Median Household Income
$37,879
Median Earnings
$1,155
Median Rent
$224,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - All residences are one-bedroom, one-bathroom units, with recent flooring, HVAC, and paint updates.
Where is this apartment building located?
The property is located at 906 Old Reservoir Rd Maryville, TN.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 24 apartment units, each with one bedroom and one bathroom; Currently 100% leased; Built in 1986
