$1,015,000
$245K PRICE DROP

Estimated payment $6,260/month

Total Views 9,105
-- Bed
-- Bath
4,512 Sq Ft
$225 Price per Sq Ft

Highlights

  • Wood Flooring
  • Furnished
  • Entrance Foyer
  • Beaumont Magnet Academy Rated A-
  • Efficiency Studio
  • 1-minute walk to Baxter Avenue Park

About This Home

Charming 7-Unit Victorian Apartment Building - Prime Knoxville Location

Welcome to 311 Silver Place, a beautifully converted Victorian-era home now operating as a seven-unit apartment building in the heart of Knoxville, TN. This historic gem, originally built in 1899, seamlessly blends classic architecture with modern functionality, making it an exceptional investment opportunity.

Property Highlights:
Multi-Family Investment: This 7-unit apartment building offers a diverse unit mix to attract a variety of tenants.
Unit Breakdown:
(3) One-bedroom, one-bath units
(2) Two-bedroom, one-bath units
(2) Efficiency units
Total Living Space: 4,512 sq. ft., thoughtfully designed to maximize comfort and rental potential.
Historic Character: Retaining much of its original Victorian charm, this building features intricate architectural details, high ceilings, and timeless appeal.
Investment Potential:
Sales Price: $1,260,000 ($180,000 per unit)
Steady Cash Flow: A turnkey multi-family opportunity with strong rental demand.
Prime Location: Located in Knoxville's thriving 37917 ZIP code, just minutes from downtown, major employers, and entertainment hubs.
Originally a grand Victorian home, this property has been expertly converted into a fully functional multi-family asset, offering a rare blend of history, charm, and financial upside. Don't miss this chance to own a piece of Knoxville's history while securing a strong income-producing property.

📞 Contact us today to schedule a private tour or request more details!

Listing Agent

Chris Sibley

Capstone Realty Group License #322775 Listed on: 02/27/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,759

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 75x130

Home Design

  • Converted Dwelling
  • Block Foundation
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 4,512 Sq Ft Home
  • Furnished
  • Entrance Foyer
  • Efficiency Studio

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • Driveway
  • On-Street Parking
  • On-Site Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 7 Units

Listing and Financial Details

  • The owner pays for lawn maintenance, HVAC maintenance, exterior maintenance, taxes
  • Assessor Parcel Number 081MS014

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,759

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Directions: GPS to 311 Silver Place 37917
  • Prop. Type: Multi-Family
  • Year Built: 1899
  • Lot Size: 75x130
  • Cooling:Central Cooling: Yes
  • Floors:Hardwood: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Floors:Tile2: Yes
  • General Property Description:Driveway: Yes
  • Property Sub-Type:House Converted: Yes
  • Roof:Metal4: Yes
  • Property Sub-Type:Apartment: Yes
  • Type of Units:Efficiency Unit: Yes
  • Sale Includes:All Furnishings: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Owner Pays: Lawn Maintenance, HVAC Maintenance, Exterior Maintenance, Taxes
  • Flooring: Hardwood, Vinyl, Tile
  • Other Rooms:Foyer: Yes

Exterior Features

  • Construction Type: Block, Frame
  • Roof: Metal
  • Construction:Frame: Yes
  • Construction:Block2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On-Street Parking, Off-Street Parking, On Premise Parking
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:On-Street Parking: Yes
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas, Electric
  • Heating Yn: Yes

Lot Info

  • Parcel #: 081MS014

Rental Info

  • Tenant Pays: Water, Sewer, Heating, Electricity

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 91500.0

Tax Info

  • Tax Annual Amount: 8759.1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $8,759 $236,120 $0 $0
2023 $8,759 $236,120 $0 $0
2022 $8,759 $236,120 $0 $0
2021 $3,029 $66,080 $0 $0
2020 $3,029 $66,080 $0 $0
2019 $3,029 $66,080 $0 $0
2018 $3,029 $66,080 $0 $0
2017 $3,029 $41,300 $0 $0
2016 $2,575 $0 $0 $0
2015 $2,575 $0 $0 $0
2014 $2,575 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2025 08/17/25 Price Changed $1,015,000 -16.2% $225 / Sq Ft
04/25/2025 04/25/25 Price Changed $1,211,000 -3.9% $268 / Sq Ft
02/27/2025 02/27/25 For Sale $1,260,000 +215.0% $279 / Sq Ft
01/31/2020 01/31/20 Sold $400,000 -- $71 / Sq Ft
Source: East Tennessee REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Crossland Title
Warranty Deed $612,000 Paramount Land Ttl Of Knoxvi
Warranty Deed $400,000 Paramount Land Ttl Of Knoxvi
Special Warranty Deed $165,000 Title Associates Of Knoxvill
Warranty Deed $149,900 First Security Title
Warranty Deed $70,000 Tennessee Valley Title Insur
Warranty Deed $170,000 Tennessee Valley Title Insur
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $595,000 New Conventional
Previous Owner $550,000 Commercial
Previous Owner $832,000 Commercial
Previous Owner $125,000 Commercial
Previous Owner $803,600 Construction
Previous Owner $260,000 Construction
Previous Owner $6,000 Unknown
Previous Owner $127,415 Commercial
Previous Owner $6,000 Commercial
Previous Owner $69,535 Commercial
Previous Owner $170,000 Construction
Source: Public Records

Source: East Tennessee REALTORS® MLS

MLS Number: 1291374

East Tennessee REALTORS® MLS

APN: 081MS-014