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28838842
28838866

405 Durbin Dr NE, Knoxville, TN 37912

JR
TN TN 366234
SVN | Wood Properties
FC
TN TN 373873
SVN Wood Properties
SS
TN 380069
SVN Wood Properties
Listed by SVN | Wood Properties, SVN Wood Properties
$515,000
177 days on market
Updated 17 days ago

Durbin Drive

Details
APN 88444
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,803
Units 4
Cap Rate 6.8%
NOI $35,024
Pro-Forma Cap Rate 8.42%
Pro-Forma NOI $43,340
Price per SqFt $184
Broker Co-Op Yes
Class C
Year Built 1944
Year Renovated 2025
Buildings 2
Stories 2
Acreage 0.344
Zoning RN-2
Investment Type Value Add

Unique income producing 4 unit property

Marketing description

SVN | Wood Properties is proud to present 405 Durbin Drive is a well-maintained 4 unit multifamily property located in a quiet North Knoxville neighborhood. Its convenient location provides easy access to downtown, major roads, and local amenities, offering tenants both comfort and connectivity.

The units feature functional layouts and are thoughtfully maintained, attracting reliable, long-term renters. Currently generating $4,500 per month, the property delivers steady cash flow and strong occupancy potential. The house makes up two of the units with one being the first floor and basement which has been very nicely remodeled with a smaller upstairs unit. The remaining two units are on the left side of the property which have also been remodeled.

405 Durbin Drive offers clear upside for rental growth. Its combination of location, stable income, and low-maintenance units makes it an attractive investment opportunity in Knoxville’s thriving rental market.

This property is part of a 129 Unit portfolio that can be purchased together.

To access the full data room please visit: https://svnwood.com/inventory/?propertyId=1576443-sale

Investment highlights

  • Peaceful Inskip location — Quiet, suburban neighborhood in North Knoxville.

  • Highly accessible — Quick access to downtown, major highways, and key transportation routes.

  • Convenient daily living — Close to local shops, schools, parks, and essential amenities.

  • Recently renovated with very little capex needed

Listing Contacts

JR
TN TN 366234
SVN | Wood Properties
FC
TN TN 373873
SVN Wood Properties
SS
TN 380069
SVN Wood Properties
Listed by SVN | Wood Properties, SVN Wood Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,024.00
$2,918.67/mo

Valuation Metrics

0
DSCR
6.8%
Cap Rate
6.8%
ROI

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Additional Information

Name
Jon Roosen
License
TN 366234
Brokerage
SVN Wood Properties
Brokerage Phone
8659369999
Brokerage Address
119 West Fifth Avenue
Name
Ford Collier
License
TN 373873
Name
Scott Szpyrka
License
380069
Brokerage
SVN
Title
Real Estate Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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