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.
For sale
Price cut: $10K (2/15)
$399,999
2182 Lakeview Rd, Lenoir City, TN 37772
4beds
2baths
1,344sqft
Est.:
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$298/sqft
$-- HOA
What's special
Brick duplexNewer metal roofCentral hvac
- 27 days |
- 1,675 |
- 56 |
Zillow last checked: 8 hours ago
Listing updated: February 15, 2026 at 09:57am
Listed by:
Benjamin Tanasov 865-604-6920,
Southland Realtors, Inc 865-693-6961
Source: East Tennessee Realtors,MLS#: 1328209
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Microwave, Range, Refrigerator
Features
- Flooring: Laminate, Brick, Vinyl, Tile
- Windows: Windows - Vinyl, ENERGY STAR Qualified Windows
Interior area
- Total structure area: 1,344
- Total interior livable area: 1,344 sqft
Property
Parking
- Parking features: Carport
- Has carport: Yes
Lot
- Size: 0.57 Acres
- Dimensions: 129 x 194
Details
- Parcel number: 021 054.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Frame
Condition
- Year built: 1968
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Lenoir City
Financial & listing details
- Price per square foot: $298/sqft
- Tax assessed value: $122,500
- Annual tax amount: $866
- Date on market: 2/2/2026
- Listing terms: VA Loan,Assumable,Alternative,New Loan,Second Mortgage,FHA,Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/15/2026 | Price change | $399,999-2.4%$298/sqft |
Source:  East Tennessee Realtors #1328209 Report a problem | ||
| 2/12/2026 | Price change | $409,999-2.4%$305/sqft |
Source: East Tennessee Realtors #1328209 Report a problem | ||
| 2/9/2026 | Price change | $419,999-2.3%$312/sqft |
Source: East Tennessee Realtors #1328209 Report a problem | ||
| 2/6/2026 | Price change | $429,999-2.3%$320/sqft |
Source: East Tennessee Realtors #1328209 Report a problem | ||
| 2/2/2026 | Listed for sale | $439,999-2.2%$327/sqft |
Source: East Tennessee Realtors #1328209 Report a problem | ||
| 2/1/2026 | Listing removed | $449,999$335/sqft |
Source: East Tennessee Realtors #1324228 Report a problem | ||
| 1/29/2026 | Price change | $449,999-1.1%$335/sqft |
Source: East Tennessee Realtors #1324228 Report a problem | ||
| 1/24/2026 | Price change | $454,999-1.1%$339/sqft |
Source: East Tennessee Realtors #1324228 Report a problem | ||
| 1/17/2026 | Price change | $459,999-1.1%$342/sqft |
Source: East Tennessee Realtors #1324228 Report a problem | ||
| 1/2/2026 | Price change | $465,000-2.1%$346/sqft |
Source: East Tennessee Realtors #1324228 Report a problem | ||
| 12/14/2025 | Listed for sale | $475,000+43.9%$353/sqft |
Source: East Tennessee Realtors #1324228 Report a problem | ||
| 3/10/2023 | Sold | $330,000+11.9%$246/sqft |
Source: East Tennessee Realtors #1217017 Report a problem | ||
| 2/4/2023 | Pending sale | $295,000$219/sqft |
Source: East Tennessee Realtors #1217017 Report a problem | ||
| 2/2/2023 | Listed for sale | $295,000$219/sqft |
Source: East Tennessee Realtors #1217017 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $866 | $49,000 |
| 2024 | $866 +16.5% | $49,000 |
| 2023 | $744 | $49,000 |
| 2022 | $744 | $49,000 |
| 2021 | -- | $49,000 +43.8% |
| 2020 | $615 | $34,080 |
| 2019 | $615 | $34,080 |
| 2018 | $615 -0.1% | $34,080 |
| 2017 | $615 -9.7% | $34,080 -7% |
| 2016 | $681 0% | $36,640 |
| 2015 | $681 | $36,640 |
| 2014 | $681 | $36,640 |
| 2013 | -- | $36,640 |
| 2012 | $779 | $36,640 -16% |
| 2011 | $779 +12.6% | $43,600 |
| 2010 | $692 | $43,600 |
| 2009 | $692 -17.3% | $43,600 |
| 2008 | $837 +23.4% | $43,600 +18.2% |
| 2007 | $679 | $36,880 |
| 2006 | $679 | $36,880 |
| 2005 | $679 +3.4% | $36,880 |
| 2004 | $656 +18.4% | $36,880 +18.4% |
| 2003 | $555 | $31,160 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,011/mo
Principal & interest
$1878
Property taxes
$133
Climate risks
Neighborhood: 37772
Nearby schools
GreatSchools rating
- 8/10Highland Park Elementary SchoolGrades: PK-4Distance: 1.4 mi
- 7/10North Middle SchoolGrades: 5-8Distance: 4.2 mi
- 6/10Loudon High SchoolGrades: 9-12Distance: 8.6 mi
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