www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
18720046
18720045

5640 US-41, Jasper, TN 37347

RA
TN 358625
Keller Williams Realty Greater Downtown
Listed by Keller Williams Realty Greater Downtown
$1,210,000
424 days on market
Updated 3 days ago

5640 Highway 41

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,644
Units 14
Cap Rate 11.30%
NOI $136,821
Pro-Forma Cap Rate 11.31%
Pro-Forma NOI $136,821
Class A
Year Built 1952
Year Renovated 2024
Buildings 1
Stories 1
Acreage 1.000
Zoning Commercial

11.3% Cap. Great candidate for STR, This 14 Unit Apt Rental has been expertly refurbished

Marketing description

11.3 % Cap. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River’s canoeing and Kayaking. Only minutes to Nickajack Lake and it’s award-winning Bass fishing and water sports. Bring your ski-boat and make a day of it on the lake! Nearby Monteagle gives you tons of Hiking Opportunities, such as the Fiery Gizzard Trail. This 14 Unit Rental is perfectly located to fulfill part of the growing need for workforce housing in a very tight housing market in the area. Great candidate for STR.

Listing Contacts

RA
TN 358625
Keller Williams Realty Greater Downtown
Listed by Keller Williams Realty Greater Downtown

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,821.00
$11,401.75/mo

Valuation Metrics

0
DSCR
11.31%
Cap Rate
11.31%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591