$475,000

Estimated payment $2,808/month

-- Bed
-- Bath
2,000 Sq Ft
$238 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3 Car Attached Garage
  • Walk-In Closet
  • Covered Patio or Porch
  • Double Pane Windows
  • Cooling System Mounted In Outer Wall Opening

About This Home

Charming income producing apartment building featuring four one-bedroom, one-bathroom units in the popular Historic Parkridge neighborhood. Great proximity to E Magnolia Avenue commercial area, Downtown Knoxville, and the bus line. Plenty of off-street Parking on premises as well as covered garage bays that could be converted to storage units for additional income or higher rent. Membrane roof installed 2020 with 20 year warranty. These units have been updated and three are ready for immediate occupancy, one currently leased month to month. Electric, water, and sewer are metered separately for all 4 units. This building is in very good condition and provides opportunity for improvements to increase rental rates over time. Great investment opportunity in growing area.

Listing Agent

Lacy Mellon

Realty Executives South License #328504 Listed on: 06/20/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,974

Year Built

  • Built in 1960

Parking

  • 3 Car Attached Garage
  • Common or Shared Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Brick Frame

Interior Spaces

  • Walk-In Closet
  • 2,000 Sq Ft Home
  • Double Pane Windows
  • Storage
  • Utility Room
  • Range

Flooring

  • Wood
  • Tile

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Schools

  • Sarah M Greene/Magnet Elementary School
  • Vine/Magnet Middle School
  • Austin East/Magnet High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 50 x 145

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for lawn maintenance
  • Assessor Parcel Number 082JS015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,974

Year Built

Built in 1960

Lot Details

0 Sq Ft Lot

Parking

3

Listing Details

  • Directions: Broadway SW - Turn right onto E 5th Ave/W Fifth Ave - Continue onto E Magnolia Ave - Turn left onto Spruce St - Turn left onto E 5th Ave - Destination will be on the right.
  • Prop. Type: Residential Income
  • Year Built: 1960
  • Lot Size: 50 X 145
  • Contract Info:List PriceSqFt2: 237.5
  • General Property Description:Driveway: Off-Street parking
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Owner Pays: Lawn Maintenance, Other
  • Door Features: Storm Door(s)
  • Flooring: Hardwood, Tile
  • Interior Amenities: Walk-In Closet(s)
  • Window Features: Double Pane Windows

Exterior Features

  • Construction Type: Block, Brick
  • Patio And Porch Features: Porch - Covered
  • Roof: Other, See Remarks

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Shared Garages, Attached, Off Street, On Street

Utilities

  • Cooling: Wall Unit(s)
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating: Other, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: Sarah M Greene/Magnet
  • High School: Austin East/Magnet
  • Middle Or Junior School: Vine/Magnet

Lot Info

  • Parcel #: 082JS015

Rental Info

  • Tenant Pays: Tenant Pays All Util

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 38800.0

Tax Info

  • Tax Annual Amount: 2973.62

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,246 $80,160 $0 $0
2024 $2,974 $80,160 $0 $0
2023 $2,974 $80,160 $0 $0
2022 $2,974 $80,160 $0 $0
2021 $1,799 $39,240 $0 $0
2020 $1,799 $39,240 $0 $0
2019 $1,799 $39,240 $0 $0
2018 $1,799 $39,240 $0 $0
2017 $1,799 $24,525 $0 $0
2016 $1,614 $0 $0 $0
2015 $1,614 $0 $0 $0
2014 $1,614 $0 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2026 06/20/26 For Sale $475,000 +137.7% $238 / Sq Ft
12/13/2019 12/13/19 Sold $199,853 +26.6% $100 / Sq Ft View Prior Sale
04/13/2017 04/13/17 Sold $157,900 -- $79 / Sq Ft View Prior Sale
Source: East Tennessee REALTORS® MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $199,853 Paramount Land Ttl Of Knoxvi
Warranty Deed $2,513,915 None Available
Warranty Deed $107,500 Concord Title
Quit Claim Deed -- None Available
Special Warranty Deed $20,500 None Available
Trustee Deed $125,812 None Available
Warranty Deed $110,000 Title Enterprises Llc
Warranty Deed $86,500 Title Enterprises Llc
Warranty Deed $70,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $149,890 New Conventional
Previous Owner $3,683,147 Future Advance Clause Open End Mortgage
Previous Owner $22,000 Stand Alone Second
Previous Owner $88,000 Fannie Mae Freddie Mac
Previous Owner $77,850 Purchase Money Mortgage
Previous Owner $59,500 Seller Take Back
Source: Public Records

Source: East Tennessee REALTORS® MLS

MLS Number: 1345397

East Tennessee REALTORS® MLS

APN: 082JS-015

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