$2,076,000
 $11,144 est/mo Sourced by Back At You

1412 Armstrong Ave,Knoxville, TN 37917

Knoxville, TN 37917

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Description

Premier Multi-Family Investment Opportunity - 1412 & 1418 Armstrong Ave, Knoxville, TN Unlock the potential of two prime multi-family properties at 1412 & 1418 Armstrong Avenue, offering a versatile income stream with a mix of long-term and short-term rental units in a sought-after Knoxville location. Property Breakdown: 1412 Armstrong Ave - Established 8-Unit Apartment Building Fully occupied 8-unit building consisting of all one-bedroom, one-bath units Strong rental history with reliable cash flow and consistent tenant demand Classic charm with modern upgrades, providing an attractive option for long-term tenants 1418 Armstrong Ave - Profitable Short-Term Rental Property 4-unit building operating as a high-yield short-term rental (2) Three-bedroom, one-bath townhome-style units, rented by the room for maximum revenue (2) One-bedroom, one-bath units, ideal for individual short-term guests 8 total rentable units available for nightly stays, catering to Knoxville's growing tourism and business traveler market Investment Highlights: Diverse rental strategy: Stable long-term tenants at 1412 Armstrong, high-yield short-term rental flexibility at 1418 Armstrong High-demand location: Close to downtown Knoxville, UT campus, and major attractions, ensuring steady occupancy Turnkey income potential: Fully operational with strong rental performance across both properties This unique investment package combines passive long-term rental income with high-profit short-term rental potential, creating a balanced, high-earning asset in Knoxville's thriving rental market. 📞 Contact us today to explore this exceptional multi-family opportunity!

Details

MLS #1291376
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site137
Listing Provided ByCapstone Realty Group | Chris Sibley

Features

SQ Feet7,444
Units12
Acreage0.51

Interior

Cooling Yes / NoYes
CoolingCentral Cooling
Heating Yes / NoYes
HeatingCentral, Natural Gas, Electric

Exterior

RoofShingle
Construction MaterialsBlock, Frame

Parking

Attached Garage Yes / NoNo
Parking FeaturesOn-Street Parking, Off-Street Parking, On Premise Parking

Market Activity 37917

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Contact

Learn More About This Property

Heritage Realty Knoxville

Heritage Realty Knoxville

 (865) 288-4148
StateTN
CountyKnox County 1
CityKnoxville
Zip Code37917
AreaKnox County 1
Subarea1
Listing VS Median (in 37917)
Price:
$2,076,000
low | high
Med:
$320,500
100% of Average
SqFt:
7,444
low | high
Med:
1,053
100% of Average
$ / SqFt:
$279
low | high
Med:
$311
38.646372912209% of Average
On site:
137
low | high
Med:
36.000000
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.557M - $2.595M
SqFt: 5,500 - 9,000
Nearby Listings Property ImageNearby Listings Details
505 E Scott Ave Property Photo 1
$1,999,999
505 E Scott Ave
Knoxville, TN 37917
Listing Updated: April 25, 2025 at 10:33:12 AM PDT
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