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401 McGhee St 8 Unit Apartment Building $675,000 ($84,375/Unit) Maryville, TN 37801
Investment Highlights
- 8 Units Total
- Affordable Housing
- All Studio Style Units
- Located in Maryville, TN - a fast growing submarket of Knoxville MSA
Executive Summary
PWA Properties is pleased to present 401 McGhee Street, an 8-unit affordable housing community located in Maryville, TN. The property consists of 8 studio-style units and offers investors stable, contract-backed income with a Housing Assistance Payments (HAP) contract in place. The property is managed by a professional third-party management company, with management structured in accordance with HAP regulations. Maryville continues to benefit from its proximity to Knoxville and the greater Blount County region, supported by strong school systems, a growing employment base, and consistent residential demand. The market remains attractive for affordable and workforce housing investment, driven by steady population growth and limited housing supply across East Tennessee.
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per Unit | $84,375 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 3,026 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1991 |
| Apartment Style | Low-Rise | Parking Ratio | 0.88/1,000 SF |
| Zoning | CC | ||
| Price | $675,000 |
| Price Per Unit | $84,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 3,026 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1991 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | CC |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 057D-E-044.00 | Improvements Assessment | $319,800 |
| Land Assessment | $191,200 | Total Assessment | $511,000 |
Property Taxes
Parcel Number
057D-E-044.00
Land Assessment
$191,200
Improvements Assessment
$319,800
Total Assessment
$511,000
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401 McGhee St
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