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$449,999
-- Bed
-- Bath
1,344sqft
2182 Lakeview Rd, Lenoir City, TN 37772
$449,999
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Multi Family
Built in 1968
$-- HOA
-- sqft lot
$335/sq.ft
Description
Income-producing property with a 6% cap rate at current rents. Potential exists to improve returns with future rent adjustments; increasing the second unit to approximately $1,500/month could bring the cap rate closer to 7%. Buyer to verify all income, expenses, and projections.
Brick duplex in a great Lenoir City location just off Martel Rd. Fully rented with a newer metal roof and covered carports for each unit. Each 2-bedroom unit features central HVAC, washer/dryer connections, and tenants pay all utilities including water. Unit 1 renovated approx. 3 years ago; property updates approx. 10 years ago include kitchens, flooring, roof, and windows. Located approx. 1 mil...
- Houzeo last checked: 56 Minutes ago
- Listing updated: January 29, 2026 at 11:08 am
- Listing Provided by: Benjamin Tanasov | Southland Realtors, Inc (865) 693-6961
- Source: East Tennessee REALTORS® MLS-TN | MLS#: 1324228
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1968
HOA Fees
-
Finished Area
1,344 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
East Tennessee REALTORS® MLS
MLS Number
1324228
MLS Status
Active
Days on Market
50
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