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Nathan Cate
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2182 Lakeview Rd, Lenoir City, TN 37772

$389,999
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  • 2182 Lakeview Rd, Lenoir City, TN 37772 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET1,344 MLS#1337693
STATUSActive PROPERTY TYPEMulti Unit - Multiple
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Property Description

Income-producing property with a 6% cap rate at current rents. Potential exists to improve returns with future rent adjustments; increasing the second unit to approximately $1,500/month could bring the cap rate closer to 7%. Buyer to verify all income, expenses, and projections. Brick duplex in a great Lenoir City location just off Martel Rd. Fully rented with a newer metal roof and covered carports for each unit. Each 2-bedroom unit features central HVAC, washer/dryer connections, and tenants pay all utilities including water. Unit 1 renovated approx. 3 years ago; property updates approx. 10 years ago include kitchens, flooring, roof, and windows. Located approx. 1 mile from Lenoir City Park with dog park, playgrounds, boat launch, and minutes to Loudon Marina and Calhoun's. Strong investment opportunity.

2182 Lakeview Rd | MLS# 1337693

This multi-family property located at 2182 Lakeview Rd, Lenoir City, TN 37772 is currently listed for sale with an asking price of $389,999. Search Lenoir City real estate on ncate.franklinrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 129 x 194
Year Built: 1968

Amenities

Windows - Vinyl

Feature Descriptions

Appliances: Microwave, Range, Refrigerator
Days on Site: 5
Exterior: Brick, Frame
Flooring: Laminate, Brick, Vinyl, Tile
Lot Dimensions: 129 x 194
Parcel #: 021 054.00
Parking: Carport
Security Features: Smoke Detector
SQFT Total: 1344
Units: 2

Listed By / Shown By

Listed By

Agency Name: Southland Realtors, Inc

Shown By

Agent Name: Nathan Cate
Agent Phone: (865) 660-7191
Agency Title: Franklin Realty Inc.

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Estimated Payment

$ 2,504.86 per month $2,391.11 Principal & Interest $0.00 Property Tax (data not provided by mls) $113.75 Homeowner's Insurance

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Nathan Cate
Nathan Cate Cell: (865) 660-7191 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/26/2026. The listing information on this page last changed on 04/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 04/26/2026 1:07:29 PM EST) or East Tennessee REALTORS (last updated Sun 04/26/2026 1:04:48 PM EST) or GSMAR MLS (last updated Sun 04/26/2026 11:13:47 AM EST) or Lakeway MLS (last updated Sun 04/26/2026 1:02:14 PM EST). Real estate listings held by brokerage firms other than Franklin Realty Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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