$259,999
About this home
THREE UNITS. $3,400 IN MONTHLY RENT. ROOM TO BUILD VALUE! Put your next investment to work just outside Knoxville's vibrant Happy Holler district! This commercially zoned multifamily property combines existing rental income with opportunities to renovate, improve, and explore additional income potential. Two apartments are currently rented month-to-month. The two first-floor units rent for $1,200 each, and the upstairs apartment rents for $1,000--totaling $3,400 per month in gross rental income. Tenants pay their own utilities, and each apartment has a separate electric meter. Bring your vision and capitalize on the opportunity to make improvements! The existing apartments would benefit from repairs, cleaning, and modernization, offering investors a path to enhance the property and potentially increase future rents. Additional square footage in an unfinished upper-level space offers potential for a fourth unit, subject to applicable zoning, permitting, inspections, and governmental approvals. Additional highlights include new water lines installed to the street by the seller. A newer roof, large lot, rear street access, and convenient off-street parking add to the appeal. Existing income, renovation upside, and potential to expand--all near one of Knoxville's lively neighborhood destinations. Schedule your showing and explore the possibilities!
Property details
- MLS #
- 1358523
- Property type
- Residential Income
- Subdivision
- Oakwood C B Atkins Add
- Status
- Active
- Days on market
- 94
- On market date
- October 11, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.17 acres
Location
Get directions →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.
- Enrollment
- 460
- Student:teacher ratio
- 11.5:1
- District
- Knox County
- Enrollment
- 455
- Student:teacher ratio
- 12.6:1
- District
- Knox County
- Enrollment
- 77
- Student:teacher ratio
- 7.0:1
- 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).
Market position
How this listing compares to current activity in Knoxville, from live MLS data.
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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated 2 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.