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929 N Roane St 5 Unit Apartment Building $599,000 ($119,800/Unit) Harriman, TN 37748
Investment Highlights
- Two properties: Quadplex + 3BR/1BA house on one parcel
- Renovated: New roof, electric, flooring, kitchens, baths
- Upside: Room to increase rents and boost returns
- Income: $4,300/month with $5,100/month pro forma
- Efficient layout: All quad units are identical
Executive Summary
925 and 929 N Roane St in Harriman, TN presents a strong value-add investment opportunity with a solid income stream already in place. This property includes a fully updated quadplex with four 1 bed, 1 bath units, as well as a separate 3 bed, 1 bath single-family home on the same parcel. With a total monthly income of $4,300 and a pro forma of $5,100/month, this asset provides immediate cash flow and future upside.
The quadplex has been recently improved with all new electric meters, a new roof, new flooring, and completely renovated bathrooms and kitchens across all units—each with an identical, efficient layout. The detached single-family home adds another layer of rental income and tenant diversity.
Located in a growing market with strong rental demand, 925 and 929 N Roane St is ideal for investors seeking a stabilized asset with long-term growth potential and minimal deferred maintenance.
The quadplex has been recently improved with all new electric meters, a new roof, new flooring, and completely renovated bathrooms and kitchens across all units—each with an identical, efficient layout. The detached single-family home adds another layer of rental income and tenant diversity.
Located in a growing market with strong rental demand, 925 and 929 N Roane St is ideal for investors seeking a stabilized asset with long-term growth potential and minimal deferred maintenance.
Property Facts
| Price | $599,000 | Lot Size | 0.42 AC |
| Price Per Unit | $119,800 | Building Size | 4,358 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment |
| Price | $599,000 |
| Price Per Unit | $119,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.42 AC |
| Building Size | 4,358 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+1 | 1 | - | - |
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