Townhome-Style Multifamily
Knoxville, TN 37921 Knoxville, TN 37921
For Sale
$1,700,000
MULTI_FAMILY - Knoxville, TN
Property Size9,000 SF
Price / SF$188.89
Days on Market309
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Rooms
Bedroom 7, Bathroom 4, Bathroom 3, Bathroom 10, Bathroom 11, Bedroom 10, Bedroom 9, Bedroom 5, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 7, Bedroom 6, Bathroom 12, Bedroom 8, Bathroom 2, Bedroom 11, Bathroom 9, Bedroom 2, Bedroom 12, Bedroom 3, Bathroom 8
Parking features
On Street
Exterior features
Balcony
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Standard status
Active
APN
094KV013
Size
9,000 SF
Taxes and HOA fees
Tax Annual Amount
21004
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2024
Number of units
6
Flooring type
Tile
Building materials
Fiber Cement, Block, Frame
Roof type
Shingle
Listing Agency:
United Real Estate Solutions
(865) 444-2400
Listed By:
Terri Lawson
(865) 789-1672
Added: Sep 25, 2025
Changed: Jul 11
Last Checked: Jul 30 at 4:06AM
MLS# 1316731
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.
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes three townhomes, with two units per townhome. Each unit offers two bedrooms and private bathrooms and is currently fully furnished and stocked for short-term rental use.
Public remarks indicate the property is currently set up for STR operations and is described as within walking distance to campus, with proximity to downtown, stadiums, and hospitals.
The overall configuration provides 6 total units across the three townhomes, each with two-bedroom, private-bath layouts intended for short stays.
Public remarks indicate the property is currently set up for STR operations and is described as within walking distance to campus, with proximity to downtown, stadiums, and hospitals.
The overall configuration provides 6 total units across the three townhomes, each with two-bedroom, private-bath layouts intended for short stays.
Key Highlights
- 3 townhomes with 2 units per townhome, offering 6 total units
- Each unit has 2 bedrooms with private bathrooms
- Fully furnished and currently operating as STR
Financial Insights For Apartment 5plus
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 | $158.8k | $17.64 |
| − Vacancy | −$11.9k | −$1.32 |
| EGI | $146.9k | $16.32 |
| − OpEx | −$66.1k | −$7.34 |
| NOI | $80.8k | $8.97 |
9,000 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,769 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,038 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Short term rental property - For sale: three townhomes with two units each, currently operated as fully furnished short-term rentals.
Where is this short term rental property located?
The property is located at Knoxville, TN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 3 townhomes with 2 units per townhome, offering 6 total units; Each unit has 2 bedrooms with private bathrooms; Fully furnished and currently operating as STR
