2182 Lakeview Rd, Lenoir City, TN 37772 (MLS# 1344354)

2182 Lakeview Rd, Lenoir City, TN 37772

New

$365,000

Property Type: Multi-Family Square Footage: 1,344 Status: Active

Current Price: $365,000 List Date: 6/12/2026 Last Modified: 6/12/2026

Overview

Description

Income-producing property with a 7% 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. buyer to verify

Listing Details MLS# 1344354

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: 365000

General Property Description

SqFt - Total (Aprox): 1344
Lot Dimensions: 129 x 194
Number of Units: 2
# Units Leased: Yes
Year Built: 1968
Property Status: N/A
Driveway: paved
Utilities/Mo Avg: 0

Status Change Info

Status Change Date: 2026-06-11

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 7% 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. buyer to verify

Income/Expenses

Gross Annual Income: 31200
Annual Oper Expenses: 2580

Property Sub-Type

Duplex: Yes

Construction

Frame - Brick: Yes

Type of Units

2 Bedroom Unit: Yes
Unfurnished: Yes

Siding

Brick: Yes

Sale Includes

Building and Land: Yes
No Furnishings: Yes

Cooling

Central Cooling: Yes

Floors

Laminate: Yes
Tile: Yes
Vinyl: Yes

Garage/Parking

Carport: Yes

Tenant Expenses

Cooling: Yes
Electricity: Yes
Heating: Yes
Tenant Pays All Util: Yes

Owner Expenses

Advertising: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn Maintenance: Yes
Leasing Fees: Yes
Licenses: Yes
Roof Maintenance: Yes
Taxes: Yes
Trash Collection: Yes

Fuel

Electric: Yes

Heat

Central: Yes

Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes
Smoke Detector: Yes

Other Rooms

Mstr Bdrm Main Level: Yes

Roof

Aluminum: Yes

Exterior Features

Window - Energy Star: Yes

New Financing

Assumable: Yes
Cash: Yes
Conventional: Yes
FHA: Yes
New Loan: Yes
Second Mortgage: Yes
THDA: Yes
USDA Loan: Yes
VA Loan: Yes
Other: Yes

Property Features

Property Sub-Type: Duplex Type of Units: 2 Bedroom Unit; Unfurnished Sale Includes: Building and Land; No Furnishings Floors: Laminate; Tile; Vinyl Tenant Expenses: Electricity; Tenant Pays All Util Owner Expenses: Advertising; HVAC Maintenance; Insurance; Lawn Maintenance; Leasing Fees; Licenses; Roof Maintenance; Taxes; Trash Collection Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector Construction: Frame - Brick Roof: Aluminum Siding: Brick Exterior Features: Window - Energy Star Other Rooms: Mstr Bdrm Main Level New Financing: Assumable; Cash; Conventional; FHA; New Loan; Second Mortgage; THDA; USDA Loan; VA Loan; Other

IDX

Listing Office: Southland Realtors, Inc

Last Updated: June - 12 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.