2182 Lakeview Rd, Lenoir City, TN 37772
New
$395,999
Property Type:
Multi-Family
Square Footage:
1,344
Status:
Active
Current Price:
$395,999
List Date:
4/03/2026
Last Modified:
4/03/2026
Overview
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 mile from Lenoir City Park with dog park, playgrounds, boat launch, and minutes to Loudon Marina and Calhoun's. Strong investment opportunity.
Listing Details MLS# 1335368
Location Tax Legal Info
- House #
- 2182
- Street Name
- Lakeview
- St Suffix
- Rd
- State/Province
- TN
- Zip Code
- 37772
- PIN #
- 021 05400 000
Contract Info
- Auction Y/N
- No
- Listing Price
- 395999
General Property Description
- SqFt - Total (Aprox)
- 1344
- Lot Dimensions
- 129 x 194
- Number of Units
- 2
- # Units Leased
- 2
- Year Built
- 1968
- Property Status
- N/A
- Driveway
- paved
- Lease Information
- Both units are month to month 1 side $1500 1 side $1100
- Utilities/Mo Avg
- 0
Status Change Info
- Status Change Date
- 2026-04-03
IncomeExpenses
- Net Operating Income
- 28620
Location, Tax & Legal Info
- Area
- Loudon County - 32
- City/County Code
- County
- Total Tax
- 866.47
More Information
Remarks & Misc
- Directions
- Take Northshore Dr to left (South) on Beals Chapel. Take the first right onto Lakeview Rd. Duplex is approx. 1.1 miles on the left (just after the hard right curve).
- Public Remarks
- 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 mile from Lenoir City Park with dog park, playgrounds, boat launch, and minutes to Loudon Marina and Calhoun's. Strong investment opportunity.
Income/Expenses
- Gross Annual Income
- 31200
- Annual Oper Expenses
- 2580
Property Sub-Type
- Duplex
- Yes
Construction
- Frame
- Yes
Type of Units
- 2 Bedroom Unit
- Yes
- Unfurnished
- Yes
Siding
- Brick
- Yes
Sale Includes
- No Furnishings
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Brick
- Yes
- Laminate
- Yes
- Tile
- Yes
- Vinyl
- Yes
Garage/Parking
- Carport
- Yes
Tenant Expenses
- Cooling
- Yes
- Electricity
- Yes
- Heating
- Yes
- Tenant Pays All Util
- Yes
- Water
- Yes
Owner Expenses
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Lawn Maintenance
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
Fuel
- Electric
- Yes
Heat
- Central
- Yes
Appliances
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Smoke Detector
- Yes
Other Rooms
- Mstr Bdrm Main Level
- Yes
Roof
- Metal
- Yes
Exterior Features
- Window - Energy Star
- Yes
- Windows - Vinyl
- Yes
New Financing
- Alternative
- Yes
- Assumable
- Yes
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- New Loan
- Yes
- Second Mortgage
- Yes
- THDA
- Yes
- USDA Loan
- Yes
- VA Loan
- Yes
Property Features
Property Sub-Type:
Duplex
Type of Units:
2 Bedroom Unit; Unfurnished
Sale Includes:
No Furnishings
Floors:
Brick; Laminate; Tile; Vinyl
Tenant Expenses:
Electricity; Tenant Pays All Util; Water
Owner Expenses:
HVAC Maintenance; Insurance; Lawn Maintenance; Taxes; Trash Collection
Fuel:
Electric
Heat:
Central
Cooling:
Central Cooling
Appliances:
Microwave; Range; Refrigerator; Smoke Detector
Construction:
Frame
Roof:
Metal
Siding:
Brick
Exterior Features:
Window - Energy Star; Windows - Vinyl
Other Rooms:
Mstr Bdrm Main Level
New Financing:
Alternative; Assumable; Cash; Conventional; FHA; New Loan; Second Mortgage; THDA; USDA Loan; VA Loan
Listing Office:
Southland Realtors, Inc
IDX
Office Phone: 865-693-6961
Last Updated: April - 03 - 2026
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