$567,500
$32K PRICE DROP

512 N Roane St Harriman, TN 37748

Estimated payment $3,292/month

Total Views 3,643
-- Bed
-- Bath
4,144 Sq Ft
$137 Price per Sq Ft

Highlights

  • Zoned Heating and Cooling System
  • Private Driveway
  • Carpet

About This Home

Prime investment opportunity in the heart of downtown Harriman, TN! This mixed-use property features 7 units, including one commercial space currently operating as a hair salon and seven efficiency residential units. Landlord covers water, while tenants pay their own electric. A brand-new roof was installed at the end of 2024. Don't miss out on this income-producing property in a prime location!

Listing Agent

Raj Cheema

Southland Brokers License #335652 Listed on: 03/12/2025

Southland Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1960

Home Design

  • 4,144 Sq Ft Home
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof
  • Masonry

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • Private Driveway
  • On-Site Parking
  • Off-Street Parking

Additional Features

  • 3,485 Sq Ft Lot
  • Zoned Heating and Cooling System

Listing and Financial Details

  • The owner pays for water, sewer, lawn maintenance, HVAC maintenance, electricity, trash collection, taxes, insurance
  • Assessor Parcel Number 026F H 025.01

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $9,546
  • Net Operating Income $55,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,882

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Directions: Take exit 350 from I-40 24 min (27.4 mi) Merge onto I-40/I-75 S 9.6 mi Use the right 2 lanes to turn slightly right onto I-40 (signs for Nashville) 17.6 mi Take exit 350 for TN-29 toward Harriman/Midtown 0.1 mile Keep right and merge onto TN-29 N/Pine Ridge Rd 279 ft Continue on TN-29 N. Drive to S Roane St 6 min (3.4 mi) Merge onto TN-29 N/Pine Ridge Rd Continue to follow TN-29 N 2.1 mile Turn right onto S Roane St
  • Prop. Type: Multi-Family
  • Year Built: 1960
  • Lot Size Acres: 0.08
  • Lot Size: 26 X 127.5 (.08 AC)
  • General Property Description:Lot Size SqFt: 3485.0
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Floors:Laminate: Yes
  • Siding:Brick2: Yes
  • General Property Description:Driveway: Private
  • Property Sub-Type:Five or Six Plex: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Owner Pays: Water, Sewer, Lawn Maintenance, HVAC Maintenance, Electricity, Trash Collection, Taxes, Insurance
  • Flooring: Laminate, Carpet, Vinyl
  • Other Rooms:Other27: Yes

Exterior Features

  • Construction Type: Brick, Block
  • Roof: Rubber
  • Construction:Frame - Brick: Yes
  • Construction:Block2: Yes
  • Construction:Masonry: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off-Street Parking, On Premise Parking
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 3485.0
  • Parcel #: 026F H 025.01

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 65100.0
  • Property Net Operating Income: 55554.0
  • Annual Operating Expense: 9546.0

Tax Info

  • Tax Annual Amount: 1882.35

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $567,500 -0.4% $137 / Sq Ft
06/10/2025 06/10/25 Price Changed $569,900 -5.0% $138 / Sq Ft
03/12/2025 03/12/25 For Sale $599,900 +4899.2% $145 / Sq Ft
12/18/2013 12/18/13 Sold $12,000 -- $5 / Sq Ft
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1293042

East Tennessee REALTORS® MLS

Tennessee Roane County Harriman 37748

512 N Roane St, Harriman, TN

This home is located at 512 N Roane St, Harriman, TN 37748 and is currently priced at $567,500, approximately $136 per square foot. This property was built in 1960. 512 N Roane St is a home located in Roane County with nearby schools including Midtown Elementary School, Kingston Elementary School, and Midway Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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Raj Cheema
Listing Agent
Raj Cheema
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Southland Brokers
(865) 353-9892