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34068409
34068333

201 Sewanee Street, Harriman, TN 37748

SJ
TN 356958
MMG
MMG
JS
MO 2021028059
MMG Real Estate Advisors
Listed by MMG, MMG Real Estate Advisors
Unpriced
11 days on market
Updated 6 days ago

201 Sewanee Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,666
Units 12
Cap Rate 6.00%
Class C
Year Built 1930
Year Renovated 2021
Buildings 1
Acreage 0.220
Parking Spaces 14 spaces
Parking per 1,000 SqFt 1.20

Knoxville MSA Value-Add Portfolio | Oak Ridge Corridor + Blount County

Marketing description

MMG Real Estate Advisors is pleased to present Sewanee Street Apartments, a 12-unit, stabilized workforce multifamily community located in Harriman, Tennessee, in the heart of Roane County. The property offers investors a rare combination of in-place cash flow and clearly defined mark-to-market upside in a submarket sitting directly in the path of one of the most concentrated nuclear-energy investment waves in the United States. With major capital systems already addressed, a light cosmetic value-add plan remaining, and in-place rents set well below prevailing submarket comparables, the property offers the next owner immediate income, embedded rent growth, and operational upside without the execution risk of lease-up or a heavy renovation program.

Sewanee Street Apartments is situated at 201 Sewanee Street, along the I-40 corridor roughly 35 miles west of downtown Knoxville and within the broader Knoxville MSA (~952,000 residents). Harriman sits between the Tennessee River to the south and the Oak Ridge Corridor to the north, where more than $8 billion of committed private capital across named Roane County projects is set to reshape the region’s employment base. Against a fixed local apartment inventory with zero units under construction, Sewanee Street is positioned to be a primary beneficiary of the renter demand this investment wave will generate for years to come.

Investment highlights

  • Path of the $8 Billion+ Oak Ridge Nuclear Corridor Investment Wave
  • Static Supply Pipeline – Zero Units Under Construction Across the Submarket
  • Significant Mark-to-Market Rental Upside Relative to Submarket Comps
  • Major Capital Already Addressed – Light, Cosmetic-Driven Value-Add Remaining
  • Stabilized In-Place Operations with Day-One Positive Cash Flow
  • Attainable Going-In Basis Relative to Recent Area Trades
  • I-40 Corridor Connectivity – ~35 Minutes to Downtown Knoxville
  • Growing Knoxville MSA – One of the Region’s Most Attainable Price Points
  • Deal Room: https://mintrdsewaneest.sharplaunch.com/

Listing Contacts

SJ
TN 356958
MMG
MMG
JS
MO 2021028059
MMG Real Estate Advisors
Listed by MMG, MMG Real Estate Advisors

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Zoning

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C-2 CommercialGeneral CommercialGeneral Commercial District
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Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Kevin Gioia
License
359299
Brokerage
Dalton Wade Real Estate Group
Title
Broker of Record
Name
Sam Jackson
License
356958
Brokerage
Premier Agent Network
Brokerage Phone
8776639366
Title
Salesperson
Brokerage Address
27315 Jefferson Avenue
Name
Austin Fragoletti
License
360207
Brokerage
MMG
Brokerage Phone
631.357.6129
Title
Managing Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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