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Sewanee Street Apartments 201-302 Sewanee st St 12 Unit Apartment Building For Sale Harriman, TN 37748
Investment Highlights
- Path of the $8 Billion+ Oak Ridge Nuclear Corridor Investment Wave
- Significant Mark-to-Market Rental Upside Relative to Submarket Comps
- Stabilized In-Place Operations with Day-One Positive Cash Flow
- Static Supply Pipeline – Zero Units Under Construction Across the Submarket
- Major Capital Already Addressed – Light, Cosmetic-Driven Value-Add Remaining
- Attainable Going-In Basis Relative to Recent Area Trades
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 12 | Building Size | 11,684 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/2021 |
| Apartment Style | Low-Rise | Parking Ratio | 1.03/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 11,684 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2021 |
| Parking Ratio | 1.03/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $778.00 | 943 |
| 2+1 | 3 | $1,013 | 1,005 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 026K-K-016.00 | Improvements Assessment | $268,760 (2025) |
| Land Assessment | $7,800 (2025) | Total Assessment | $276,560 (2025) |
Property Taxes
Parcel Number
026K-K-016.00
Land Assessment
$7,800 (2025)
Improvements Assessment
$268,760 (2025)
Total Assessment
$276,560 (2025)
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Sewanee Street Apartments | 201-302 Sewanee st St
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