905 NW Queen Ave · Harriman, TN 37748

$157,900

3 bd · 2.0 ba · 1,802 sqft · SingleFamily public records · 166 Days on market

Built 1945 9,148 sqft lot $88/sqft · 6% below area Est $206k · 23% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +18.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +4.3/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unique opportunity - Just a short stroll from historic downtown Harriman, this 3-bedroom, 1.5-bath home offers exciting opportunities for customization and income potential. With its classic appeal and a layout ready for your personal touch, it's ideal for those handy with a toolbox and big ideas. Several outbuildings are located on the property, including one that could be transformed into a guesthouse, home office, or potential rental for extra monthly income. Enjoy extra storage space for your tools, seasonal items, or your collection of ''just-in-case'' treasures. A carport and garage round out the outdoor features, offering shelter for your vehicles or even more storage possibilities. Inside, the home has room to grow and renovate. It's a blank canvas for those looking to modernize or preserve its original character. Whether you're looking to invest, settle in, or create something unique, this property offers flexibility and potential in a thoughtful, community-centered location. Perfect for those with vision—and a some good tools! Square footage references naun house only. Outbuildings could be renovated into living space to add more square footage. SOLD AS-IS.

Key facts

• Rental potential
• Extra storage space
• Outbuildings

Tags

• HISTORIC DOWNTOWN HARRIMAN
• OUTBUILDINGS
• GUESTHOUSE POTENTIAL
• HOME OFFICE POTENTIAL
• RENTAL POTENTIAL
• EXTRA STORAGE SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $158k.

Deal economics

• At list price, monthly cash flow is $158 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $147k (7.2% below list).
• Recommended offer: $139k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 3.1% in Harriman — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 57/100 on livability (#330 in TN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Roane County (town): math 30% / reading 29% proficiency, ranked #64 of 139 in TN (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 211 active listings in the ZIP; 229 units permitted in Roane County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Roane County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 166 days — a 12% lower offer ($139k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 14y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $158k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 8→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $138,952 (12.0% below list)

Questions for the listing agent

1. It's been on market 166 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.93% ✗
• Cap rate: 7.49%
• Cash-on-cash: 4.28%
• DSCR: 1.19
• GRM: 9.0

CMA / ARV

• ARV (median comp): $205,687
• List price: $157,900
• Delta: -23.23%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
521 Clinton St	0.28mi	3/2.0	1,652 (-8%)	1mo	$275,000	$166	72
514 Clinton St	0.30mi	3/2.0	1,698 (-6%)	7mo	$170,000	$100	70
215 Walden Ave	0.52mi	3/1.0	1,840 (+2%)	4mo	$199,000	$108	65
805 Sewanee St	0.52mi	4/2.0 (+1)	1,746 (-3%)	6mo	$164,000	$94	60
518 Trenton St	0.24mi	4/2.0 (+1)	1,756 (-3%)	23mo	$226,900	$129	60
813 Trenton St	0.35mi	3/1.5	1,637 (-9%)	10mo	$275,000	$168	58
316 Morgan Ave	0.45mi	3/2.0	1,658 (-8%)	16mo	$45,000	$27	52
301 Walden Ave	0.47mi	4/2.0 (+1)	2,022 (+12%)	1mo	$300,000	$148	52
705 Sewanee St	0.48mi	3/2.0	1,600 (-11%)	20mo	$289,900	$181	42
301 Barnette Cir	0.65mi	4/2.0 (+1)	1,647 (-9%)	17mo	$195,900	$119	36
301 Barnette Cir	0.65mi	4/2.0 (+1)	1,647 (-9%)	17mo	$195,900	$119	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.65×
• Total profit: $-15,572
• Equity at exit: $23,543

10-year hold

• IRR: -0.2%
• Equity multiple: 0.98×
• Total profit: $-759
• Equity at exit: $13,652

Cash invested: $44,212 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37748

• Home prices YoY: -11.5%
• Active inventory: 211
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,466 medium
• Mortgage (P&I): −$828
• Tax from tax record: −$107 /mo · $1,279/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $158

Break-even live

Break-even rent $1,266

Max offer price $157,900

Occupancy floor 84%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $39,475
• Closing costs: $4,737
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2026-06-18
   days on market $157,900 Active 166 DOM
2. 2026-06-17
   days on market $157,900 Active 165 DOM
3. 2026-06-16
   days on market $157,900 Active 164 DOM
4. 2026-06-15
   days on market $157,900 Active 163 DOM
5. 2026-06-14
   days on market $157,900 Active 161 DOM
6. 2026-06-13
   days on market $157,900 Active 160 DOM
7. 2026-06-10
   days on market $157,900 Active 158 DOM
8. 2026-06-09
   days on market $157,900 Active 157 DOM
9. 2026-06-08
   days on market $157,900 Active 156 DOM
10. 2026-06-07
    days on market $157,900 Active 155 DOM
11. 2026-06-03
    days on market $157,900 Active 151 DOM
12. 2026-06-02
    days on market $157,900 Active 150 DOM
13. 2026-06-01
    days on market $157,900 Active 149 DOM
14. 2026-05-31
    days on market $157,900 Active 148 DOM
15. 2026-05-31
    days on market $157,900 Active 147 DOM
16. 2026-04-15
    price $157,900 1196-char remark

    Show marketing remark (1196 chars)

    Unique opportunity - Just a short stroll from historic downtown Harriman, this 3-bedroom, 1.5-bath home offers exciting opportunities for customization and income potential. With its classic appeal and a layout ready for your personal touch, it's ideal for those handy with a toolbox and big ideas. Several outbuildings are located on the property, including one that could be transformed into a guesthouse, home office, or potential rental for extra monthly income. Enjoy extra storage space for your tools, seasonal items, or your collection of ''just-in-case'' treasures. A carport and garage round out the outdoor features, offering shelter for your vehicles or even more storage possibilities. Inside, the home has room to grow and renovate. It's a blank canvas for those looking to modernize or preserve its original character. Whether you're looking to invest, settle in, or create something unique, this property offers flexibility and potential in a thoughtful, community-centered location. Perfect for those with vision—and a some good tools! Square footage references naun house only. Outbuildings could be renovated into living space to add more square footage. SOLD AS-IS.

17. 2026-01-22
    price $159,900 1196-char remark

    Show marketing remark (1196 chars)

    Unique opportunity - Just a short stroll from historic downtown Harriman, this 3-bedroom, 1.5-bath home offers exciting opportunities for customization and income potential. With its classic appeal and a layout ready for your personal touch, it's ideal for those handy with a toolbox and big ideas. Several outbuildings are located on the property, including one that could be transformed into a guesthouse, home office, or potential rental for extra monthly income. Enjoy extra storage space for your tools, seasonal items, or your collection of ''just-in-case'' treasures. A carport and garage round out the outdoor features, offering shelter for your vehicles or even more storage possibilities. Inside, the home has room to grow and renovate. It's a blank canvas for those looking to modernize or preserve its original character. Whether you're looking to invest, settle in, or create something unique, this property offers flexibility and potential in a thoughtful, community-centered location. Perfect for those with vision—and a some good tools! Square footage references naun house only. Outbuildings could be renovated into living space to add more square footage. SOLD AS-IS.

18. 2026-01-13
    price $162,900 1196-char remark

    Show marketing remark (1196 chars)

    Unique opportunity - Just a short stroll from historic downtown Harriman, this 3-bedroom, 1.5-bath home offers exciting opportunities for customization and income potential. With its classic appeal and a layout ready for your personal touch, it's ideal for those handy with a toolbox and big ideas. Several outbuildings are located on the property, including one that could be transformed into a guesthouse, home office, or potential rental for extra monthly income. Enjoy extra storage space for your tools, seasonal items, or your collection of ''just-in-case'' treasures. A carport and garage round out the outdoor features, offering shelter for your vehicles or even more storage possibilities. Inside, the home has room to grow and renovate. It's a blank canvas for those looking to modernize or preserve its original character. Whether you're looking to invest, settle in, or create something unique, this property offers flexibility and potential in a thoughtful, community-centered location. Perfect for those with vision—and a some good tools! Square footage references naun house only. Outbuildings could be renovated into living space to add more square footage. SOLD AS-IS.

19. 2026-01-03
    listed $167,900 Active 1196-char remark

    Show marketing remark (1196 chars)

    Unique opportunity - Just a short stroll from historic downtown Harriman, this 3-bedroom, 1.5-bath home offers exciting opportunities for customization and income potential. With its classic appeal and a layout ready for your personal touch, it's ideal for those handy with a toolbox and big ideas. Several outbuildings are located on the property, including one that could be transformed into a guesthouse, home office, or potential rental for extra monthly income. Enjoy extra storage space for your tools, seasonal items, or your collection of ''just-in-case'' treasures. A carport and garage round out the outdoor features, offering shelter for your vehicles or even more storage possibilities. Inside, the home has room to grow and renovate. It's a blank canvas for those looking to modernize or preserve its original character. Whether you're looking to invest, settle in, or create something unique, this property offers flexibility and potential in a thoughtful, community-centered location. Perfect for those with vision—and a some good tools! Square footage references naun house only. Outbuildings could be renovated into living space to add more square footage. SOLD AS-IS.

20. 2026-01-02
    historical
21. 2025-09-18
    price $167,900
22. 2025-07-02
    listed $169,900 Active
23. 2020-09-10
    soldstatus $79,900
24. 2020-09-04
    soldstatus $79,900 Closed
25. 2020-09-04
    soldstatus $79,900
26. 2020-07-29
    historical Pending - Continue to Show - Financing
27. 2020-07-17
    listed $79,900 Active
28. 2018-08-18
    status Active
29. 2018-08-17
    historical
30. 2018-08-17
    historical
31. 2018-02-10
    listed $80,000 Active
32. 2018-02-10
    price $70,000
33. 2018-02-10
    price $75,000
34. 2014-07-17
    listed $82,000
35. 2012-03-07
    listed $82,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $1,279 · $107/mo
• Projected year-2 tax: $1,279 · $107/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 8 d/yr ≥104°F today · 23 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,593
• − Mortgage interest: −$8,845
• − Property taxes: −$1,279
• − Insurance: −$790
• − Repairs & maintenance: −$1,407
• − Management: −$1,407
• − Depreciation: −$4,593
• Taxable loss: −$729
• Est. tax savings @ 24.0%: +$175
• After-tax cash flow: $2,068/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Roane County
• NCES district ID: 4703590
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 29% ▼ -7.00%
• Median HH income: $41,611
• Composite: 25.0/100
• National rank: #7557
• State rank: #64 of 139 in TN

Livability — Harriman

• Score: 57/100
• State rank: #330
• US rank: #21927

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety F User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harriman, TN
• City population: 17,021
• Population (ZIP): 17,021

Population outlook (Roane County) Hauer SSP2

• Today (2025): 49,652 people
• By 2030: 47,648 · -4.0%
• By 2040: 43,306 · -12.8%
• By 2050: 39,294 · -20.9%
• By 2075: 32,318 · -34.9%
• By 2100: 27,137 · -45.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 4% Hispanic / Latino 2%
• Common ancestry: Serbian 3% Slovak 2% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Roane

• 2024 margin: Solid R (+54.5) · D 22.1% · R 76.7% · Other 1.2%
• 2008→2024 swing: -18.3pp toward R · 2008: -36.2pp · 2024: -54.5pp
• All cycles: 2024: R+54.5 2020: R+50.9 2016: R+51.1 2012: R+41.3 2008: R+36.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.78%
• Current HPI: 305.724
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+92.6% since first listed

20 events — show timeline

• 2026-04-15 Price Changed $157,900 Knoxville MLS
• 2026-01-22 Price Changed $159,900 Knoxville MLS
• 2026-01-13 Price Changed $162,900 Knoxville MLS
• 2026-01-03 Listed $167,900 Knoxville MLS
• 2026-01-02 Listing Removed — Knoxville MLS
• 2025-09-18 Price Changed $167,900 Knoxville MLS
• 2025-07-02 Listed $169,900 Knoxville MLS
• 2020-09-10 Sold (Public Records) $79,900 Public Records
• 2020-09-04 Sold (MLS) $79,900 REALTRACS as Distributed by MLS Grid
• 2020-09-04 Sold (MLS) $79,900 Knoxville MLS
• 2020-07-29 Contingent — Knoxville MLS
• 2020-07-17 Listed $79,900 Knoxville MLS
• 2018-08-18 Relisted — Knoxville MLS
• 2018-08-17 Listing Removed — Knoxville MLS
• 2018-08-17 Listing Removed — Knoxville MLS
• 2018-02-10 Listed $80,000 Knoxville MLS
• 2018-02-10 Price Changed $75,000 Knoxville MLS
• 2018-02-10 Price Changed $70,000 Knoxville MLS
• 2014-07-17 Listed $82,000 Knoxville MLS
• 2012-03-07 Listed $82,000 Knoxville MLS

Property tax history

+3.2%/yr

Latest (2025): $1,279 · +3.0% YoY. Source: county tax records.