232 W Edison Street
About This Property
INVESTMENT SPECIAL: cash flow or flip opportunity in Alcoa's South Hall neighborhood! This 2-bed, 2-bath brick-and-siding ranch sits on a level 0.14-acre lot with no HOA and no restrictions to slow you down. Built in 2006, the home offers a solid 1,090 sq ft footprint with a functional layout, original kitchen with existing cabinetry and appliances, and two full baths, ready for a cosmetic refresh to unlock full value. Flooring is a mix of hardwood, carpet, and vinyl throughout, and the home is connected to public water, sewer, and electricity, with central heat and air already in place. Long driveway offers off-street parking for multiple vehicles, and the level backyard adds room to expand or improve.
Located minutes from downtown Alcoa, Maryville, and McGhee Tyson Airport, with easy access to Alcoa Hwy for a quick commute into Knoxville, an area with strong rental demand and steady appreciation. Zoned for Alcoa Elementary, Middle, and High School. Whether you're adding to your rental portfolio or looking for your next value-add project, this one pencils out. Priced to move at $200,000, bring your contractor and your vision. Cash or conventional financing only. Won't last at this price, schedule your showing today!
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Cap Rate Calculator
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 30, 2026 | Sold | ||
| Sold | |||
| Sep 1, 2026 | In contract | - | |
| In contract | |||
| Aug 30, 2026 | Price Decreased |
$190,000
↓ $10K
(5%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$200,000
↓ $15K
(7%) | |
| Price Decreased | |||
| Jul 10, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $215,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017