JBP_SterchiLoftsRooftopDRONE_2400px-3 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR00 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR1 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR2 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR10 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR11 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR4 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR5 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR7 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR8 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR9 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR12 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR13 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR14 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi Lofts gym - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi Lofts gym1 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_Sterchi1009_2400px-7 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_Sterchi1009_2400px-8 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_Sterchi1009_2400px-9 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
Sterchi STR16 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_SterchiLoftsRooftopDRONE_2400px-4 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_SterchiLoftsRooftopDRONE_2400px-5 - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_SterchiLoftsRooftopDRONETake2_2400px - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_SterchiLoftsRooftopDRONETake2_2400px - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_SterchiLoftsRooftopDRONETake2_2400px - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
JBP_SterchiLoftsRooftopDRONETake2_2400px - 116 S Gay St 108, Knoxville, TN 37902, Knoxville
27 photos

$430,000

116 S Gay St 108, Knoxville, TN 37902
Knoxville, TN 37902
Listed by Joe Consumo · Terminus Real Estate, Inc.
Bedrooms
1
Bathrooms
1
Living area
N/A
Year built
1920

About this home

TURNKEY SHORT-TERM RENTAL OPPORTUNITY IN THE HEART OF DOWNTOWN KNOXVILLE! Located in the historic Sterchi Lofts building, this fully furnished, loft-style condominium offers an exceptional opportunity to own a piece of downtown Knoxville while enjoying the flexibility of a personal retreat or investment property. Currently operated as a short-term rental, this property is being offered completely furnished and ready to go, providing an attractive opportunity for buyers looking to enter Knoxville's downtown vacation rental market without the hassle of furnishing and setting up a property from scratch. A loft style area was added to increase the sleeping capacity of the unit. Inside, you'll find an inviting open-concept loft with oversized windows that fill the space with natural light, comfortable living and sleeping areas, a fully equipped kitchen, and the convenience of an in-unit washer and dryer. The stylish furnishings and thoughtful layout create a welcoming atmosphere for guests visiting Knoxville for weekend getaways, University of Tennessee events, concerts, business trips, and downtown entertainment. Step outside and experience some of the very best that Knoxville has to offer. Situated in the vibrant Arts District and just steps from the Old City, this property places restaurants, coffee shops, breweries, galleries, and nightlife practically at your doorstep. Market Square and Gay Street are just a short stroll away, offering an incredible selection of dining, shopping, entertainment, and year-round events. Enjoy convenient access to the Tennessee Theatre, Bijou Theatre, World's Fair Park, the University of Tennessee, and Knoxville's exciting downtown attractions, including Covenant Health Park. For investors, the combination of a highly walkable downtown location, established short-term rental use, and a completely furnished interior makes this a compelling opportunity. For those seeking a second home or downtown getaway, enjoy the convenience of having your own place in the center of Knoxville's thriving urban scene. Whether you're looking to expand your investment portfolio or enjoy downtown Knoxville living, this Sterchi Lofts condominium offers location, character, convenience, and flexibility in one exceptional package. Buyers to verify Sq ft, HOA, and Taxes

Property details

MLS #
1358295
Property type
Condominium
Subdivision
Sterchi Lofts Condos Unit 108
Status
Active
Days on market
1
On market date
October 9, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.01 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
0.49 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
0.37 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 1 days -- 73 fewer days than Knoxville's current average of 74 days.
For reference, the median list price across 2,163 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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Adjust tax / insurance estimates
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/mo
Est. monthly payment
$2,740/mo
$86,000 down
$344,000 loan
Principal & interest$2,231
Property tax (est.)$358
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated 4 days ago.

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.