Duplex with Rear
New
For Sale
$254,900
927 Biddle St, Knoxville, TN 37914
Both two-bedroom residences have one bathroom, rear storage, and tenants in place.
Property Size831 SF
Price / SF$306.74
Days on Market2
Property Features for 927 Biddle St
General Information
Standard status
Active
Size
831 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Amenities
storage
Building Details
Year Built
1966
Listed By:
TNLiving.homes
(865) 250-4094
Source:
Tnliving
Added: Nov 1
Last Checked: Nov 1 at 3:16AM
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 TNLiving.homes
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Investment Insights
Based on property information with market context.
Built in 1966, this duplex contains two residences, each with 2 bedrooms, 1 bathroom, and approximately 831 square feet. A storage area at the rear of each unit adds functional space. Tenants are currently in place, and the roof was installed in 2023.
The property is near shopping, dining, interstate access, and Downtown Knoxville.
The property is near shopping, dining, interstate access, and Downtown Knoxville.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Approximately 831 square feet per unit
- Rear storage area for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,104
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,080
$162.1K
Cap Rate 7%
$115,771
$115.8K
Cap Rate 9%
$90,044
$90.0K
Market Conditions
NOI Build-Up for 831 SF
Gross rent
$12.5K $15.00/SF
− Vacancy
−$888 −$1.07/SF
EGI
$11.6K $13.93/SF
− OpEx
−$3.5K −$4.18/SF
NOI
$8.1K $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%
$162,080
Cap Rate 7%
$115,771
Cap Rate 9%
$90,044
Alternative Uses
Best Use
Multifamily LT 5
$115.8K
$101.3K – $135.1K
NOI $8,104 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$106.5K
$93.2K – $124.3K
NOI $7,458 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$205.8K
$180.1K – $240.1K
NOI $14,408 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 37914, TN
20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
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 - Both two-bedroom residences have one bathroom, rear storage, and tenants in place.
Where is this duplex located?
The property is located at 927 Biddle St Knoxville, TN.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Approximately 831 square feet per unit; Rear storage area for each residence
