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$939,000

416 S Gay St 204, Knoxville, TN 37902
Knoxville, TN 37902
Listed by Blake Pruitt · Alliance Sotheby's International Realty
Bedrooms
2
Bathrooms
2
Living area
N/A
Year built
1905

About this home

Experience urban living at its finest in Unit 204 of the iconic JC Penney Building, located in the heart of downtown Knoxville's vibrant Historic Gay Street district. This beautifully appointed 2-bedroom, 2-full-bath residence blends historic character with modern comfort, offering an exceptional opportunity to own a piece of Knoxville's rich architectural heritage. Situated within one of downtown's most recognizable landmarks, the condo features soaring ceilings, expansive windows that fill the space with natural light, and an open-concept layout designed for both everyday living and entertaining. Historic architectural details are thoughtfully preserved, creating a unique atmosphere that reflects the building's storied past while providing the conveniences of contemporary living. Elevator access offers added convenience and easy accessibility to the residence. Located directly above Maple Hall, one of downtown Knoxville's premier boutique bowling and entertainment destinations, the property places residents in the center of the city's dynamic energy while maintaining the privacy and comfort of an upscale residential retreat. Step outside your door and enjoy walkable access to Knoxville's premier restaurants, theaters, galleries, shops, and entertainment venues. Just moments from Market Square, the Tennessee Theatre, and the University of Tennessee campus, this location places the very best of downtown Knoxville within easy reach. Whether you're seeking a primary residence, a downtown retreat, or an investment opportunity, this unique find offers a rare combination of history, location, and urban sophistication in one of Knoxville's most sought-after addresses.

Property details

MLS
East Tennessee REALTORS® MLS
MLS #
1350838
Property type
Condominium
Subdivision
Jc Penney Condo
Status
Active
Days on market
15
On market date
August 6, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.03 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Green Magnet Math And Science Academy
0.44 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
330
Student:teacher ratio
10.6:1
District
Knox County
Middle
Vine Middle/Magnet
0.96 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
447
Student:teacher ratio
10.2:1
District
Knox County
High
L N STEM Academy
0.36 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
574
Student:teacher ratio
15.1:1
District
Knox County

Walkability

Blended score for Knoxville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

91
Highly walkable
out of 100
EPA National Walkability Index
17.0 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks20
Schools19
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Knoxville, from live MLS data.

On the market 15 days -- 58 fewer days than Knoxville's current average of 73 days.
For reference, the median list price across 2,197 active listings in Knoxville right now is $399,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,805/mo
$187,800 down
$751,200 loan
Principal & interest$4,872
Property tax (est.)$783
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated August 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.