Available for $315,000

Beds: 6
Bath: 4
Sqft: 3,004

Year Built: 1945

Taxes: $916/2025

1.32 Acre Lot​

Main house: 3 bed / 2 bath

(2/1 upstairs + bonus bedroom and utility bath in basement)
Top apartment: 2 bed / 1 bath
Bottom apartment: 1 bed / 1 bath​​​​

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*** DO NOT DISTURB. NO TRESPASSING. BY APPT ONLY***

 

Income-producing 3-unit property with significant rental upside.​ The scope is primarily cosmetic including paint, flooring, lighting, cleaning, and minor exterior repairs with no structural issues flagged. Additional features include newer water heaters, a metal roof in good condition, a 2025 garage roof, garage + carport, and a large 1.32-acre lot.​

Strong opportunity for an investor looking for a cash-flowing hold with multiple income streams and straightforward value-add.

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Main house (3 bed/2 bath): $1,450/mo
Top apartment (2 bed/1 bath)

Full turnover to market: $1,273/mo
Bottom apartment (1 bed/1 bath): $1,225/mo

Total: $3,948/mo

 

Property is currently used as a 3-unit rental; buyer should independently verify zoning/permit status with the City of Knoxville before assuming multi-family financing or use. Property is zoned single-family. The multi-unit conversion was done decades ago and was never permitted or rezoned — Knox County Assessor records list it as single-family with no living-unit count on file.​​

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Property Highlights:

• Main House has Central Air and Heating

• Top & Bottom Apartments have Electric Heat + Window Units for Cooling

• All Units Have Newer Water Heaters

• ​Stone exterior, metal roof (15 years old, great condition)

• Garage roof replaced 2025

• 2-car garage + carport

• 3 separately-metered units​​​​​​​​​​​​​

 

PID: 059ME033