5848 Outer Drive
About This Property
This 3-bedroom, 2-bathroom split foyer sits on a 0.45-acre corner lot in established Northwest Knoxville. Rehabbed in recent years, most everything has been updated throughout the home's 1,744 square feet -- enjoy modern finishes without the wait or the workload.
The main level offers a bright, open living area, an updated kitchen with breakfast bar, and comfortable bedrooms.
Lower level, flexible bonus space works well as a home office, rec room, or den.
Out back, a large deck spans the rear of the home -- perfect for grilling, entertaining, or quiet evenings -- while the detached lofted shed adds valuable storage or workshop potential.
Mature trees and a generous corner lot round out the outdoor space.
Convenient to schools, shopping, dining, and highway access.
Schedule your private showing today!
Property built before 1978 - potential of lead based paint exists.
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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 |
|---|---|---|---|
| Oct 21, 2026 | Price Decreased |
$364,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Oct 4, 2026 | Price Decreased |
$369,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jul 27, 2026 | Listed by Pace Probity Asset Management | $374,900 | |
| Listed by Pace Probity Asset Management | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017