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Downtown Knoxville Multifamily Home for Sale

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    $589,000

    • 2 Beds
    • 1 Bath
    • 1,230 Sq Ft

    418 S Gay St Unit 504, Knoxville, TN 37902

    Experience the Pinnacle of Downtown Knoxville Living! This fabulous high rise condo, centrally located on Gay Street in The Phoenix Building, offers luxurious living with stunning city views. Step inside and take in all that beautiful natural light in the open concept main living area, complete with gleaming real hardwood floors throughout. Kitchen features newer appliances, lots of storage

    Carl Young Young Marketing Group, Realty Executives

    418 S Gay St Unit 504, Knoxville, TN 37902

Why Live in Downtown Knoxville

Downtown Knoxville, a historic and cultural hub in East Tennessee, spans just one square mile but is rich in entertainment, shopping, and dining options. Known for its significant transformation over the past 40 years, the area now boasts 90 restaurants within its compact space. Housing primarily consists of converted industrial lofts and newer mid-rise condominiums, many with views of the Tennessee River or Smoky Mountains, and amenities like garage parking and fitness centers. Residents enjoy easy access to local grocery stores, corner markets, and banks, with unique boutiques such as Fizz and Union Ave Books adding to the shopping experience. Market Square, dating back to 1897, is a focal point with its farmer's market, rooftop bars, and diverse dining options like Café 4 and Stock & Barrel. The neighborhood is also a hotspot for nightlife, featuring busy pubs, hip coffee shops, and fine dining. Cultural attractions include the Tennessee Theatre's Broadway shows, live concerts at the Bijou, and art receptions during First Fridays. Outdoor activities are plentiful at World's Fair Park, Krutch Park, and Volunteer Landing, offering everything from live music to paddle sports. Downtown Knoxville is highly walkable and well-connected by Interstate 40 and Knoxville Area Transit buses. The area is served by Knox County Schools, with highly rated Sequoyah Elementary and West High among the educational options.

Home Trends in Downtown Knoxville, TN

Housing Trends

Median Sale Price
$630,000
Median Single Family Sale Price
$2,140,000
Median 2 Bedroom Sale Price
$650,000
Median 1 Bedroom Sale Price
$489,000
Average Price Per Sq Ft
$605
Number of Homes for Sale
27
Last 12 months Home Sales
63
Months of Supply
5.10
Median List Price
$628,800
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%
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