Jefferson City Multifamily Portfolio — Sale in Jefferson City, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Jefferson City, TN 37760

Photos

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Investment Figures

Cap rate
6.34%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale the Jefferson City Multifamily Portfolio in Jefferson City, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity within East Tennessee’s growing Lakeway region. The Jefferson City Multifamily Portfolio offers the opportunity to acquire a 16-unit multifamily asset across five buildings and five parcels in Jefferson City, Tennessee. Current rents average approximately $208 below market, providing a clear path to increased revenue through future rent growth while maintaining occupancy. Constructed between 1996 and 1997, the portfolio benefits from a newer vintage and features individually metered water and electricity, reducing operating expense burden. Located within East Tennessee’s growing Lakeway region with convenient access to Highway 11E, Morristown, and Knoxville employment centers, the property is well-positioned to serve workforce renters in a market characterized by limited multifamily inventory and strong long-term housing demand. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of these properties. Investment Highlights: • Rare opportunity to acquire a 16-unit multifamily portfolio across five buildings in Jefferson City, Tennessee. • Current rents are $208 below the market rate. • Individually metered for water and electric, reducing operating expense burden. • Well-positioned workforce housing asset in a market with limited multifamily inventory.

Market Context

This multifamily in Jefferson City, TN is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Jefferson City, TN — view the full market.

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