2242 JEFFERSON PIKE
About This Property
The main level offers convenient one-level living with all three bedrooms, laundry, a spacious kitchen with a walk-in pantry, and a full bath with an updated shower completed in 2021. Hardwood flooring is beneath the carpeting throughout much of the main level, excluding the kitchen. The finished lower level provides even more flexibility with its own separate entrance, kitchen, full bathroom, and wood-burning stove-ideal for in-law or extended guest space, a recreation area, hobbies, or additional living space. A French drain is also in place in the basement.
Outside, the property provides plenty of room to enjoy the outdoors, whether you envision gardening, entertaining, or simply having a little more breathing room. Relax on the 10-by-30-foot covered side porch and take in the peaceful surroundings and farmland just across the road. A detached 24-by-32-foot two-car garage with electricity provides additional parking, storage, and workspace.
Owned by the same family since it was built, this home is ready for its next chapter and offers a wonderful opportunity to make it your own while enjoying the space and charm of country living in Knoxville.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2026 | Listed by Redfin Corp | $475,000 | |
| Listed by Redfin Corp | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017