512 N Roane St, Harriman, TN 37748

$529,900
Property Type: Multi-Family Square Footage: 4,144 Lot Size (sq. ft.): 3,485 Status: Active
Current Price: $529,900 List Date: 3/12/2025 Last Modified: 4/28/2026

Overview

Description

Prime investment opportunity in the heart of downtown Harriman, TN! This mixed-use property features 7 units, including one commercial space currently operating as a hair salon and seven efficiency residential units. Landlord covers water, while tenants pay their own electric. A brand-new roof was installed at the end of 2024. Don't miss out on this income-producing property in a prime location!

Listing Details MLS# 1293042

Location Tax Legal Info

House #
512
St Dir
N
Street Name
Roane
St Suffix
St
State/Province
TN
Zip Code
37748
PIN #
026F H 025.01

Contract Info

Auction Y/N
No
Listing Price
529900

General Property Description

SqFt - Total (Aprox)
4144
Lot Dimensions
26 X 127.5 (.08 AC)
Lot Size SqFt
3485
Number of Units
7
# Units Leased
7
Utilities/Mo Avg
400
Year Built
1960
Property Status
N/A
Driveway
Private

Status Change Info

Status Change Date
2025-03-12

IncomeExpenses

Net Operating Income
55554

Location, Tax & Legal Info

Area
Roane County - 31
City/County Code
City Limits
Total Tax
1882.35

More Information

Remarks & Misc

Directions
Take exit 350 from I-40 24 min (27.4 mi) Merge onto I-40/I-75 S 9.6 mi Use the right 2 lanes to turn slightly right onto I-40 (signs for Nashville) 17.6 mi Take exit 350 for TN-29 toward Harriman/Midtown 0.1 mile Keep right and merge onto TN-29 N/Pine Ridge Rd 279 ft Continue on TN-29 N. Drive to S Roane St 6 min (3.4 mi) Merge onto TN-29 N/Pine Ridge Rd Continue to follow TN-29 N 2.1 mile Turn right onto S Roane St
Public Remarks
Prime investment opportunity in the heart of downtown Harriman, TN! This mixed-use property features 7 units, including one commercial space currently operating as a hair salon and seven efficiency residential units. Landlord covers water, while tenants pay their own electric. A brand-new roof was installed at the end of 2024. Don't miss out on this income-producing property in a prime location!

Income/Expenses

Gross Annual Income
65100
Annual Oper Expenses
9546

Property Sub-Type

Five or Six Plex
Yes

Construction

Block
Yes
Frame - Brick
Yes
Masonry
Yes

Type of Units

1 Bedroom Unit
Yes
Other
Yes

Siding

Brick
Yes

Sale Includes

Other
Yes

Cooling

Central Cooling
Yes

Floors

Carpet
Yes
Laminate
Yes
Vinyl
Yes

Garage/Parking

Off-Street Parking
Yes
On Premise Parking
Yes

Tenant Expenses

Electricity
Yes

Owner Expenses

Electricity
Yes
HVAC Maintenance
Yes
Insurance
Yes
Lawn Maintenance
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Fuel

Electric
Yes

Heat

Central
Yes

Other Rooms

Other
Yes

Roof

Rubber
Yes

New Financing

Cash
Yes
Conventional
Yes

Property Features

Property Sub-Type: Five or Six Plex Type of Units: 1 Bedroom Unit; Other Sale Includes: Other Floors: Carpet; Laminate; Vinyl Tenant Expenses: Electricity Owner Expenses: Electricity; HVAC Maintenance; Insurance; Lawn Maintenance; Sewer; Taxes; Trash Collection; Water Fuel: Electric Heat: Central Cooling: Central Cooling Construction: Block; Frame - Brick; Masonry Roof: Rubber Siding: Brick Other Rooms: Other New Financing: Cash; Conventional
IDX
Listing Office: Southland Brokers
Office Phone: 865-694-6111
Last Updated: April - 28 - 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.