400 W 2nd Ave Lenoir City, TN 37771
Estimated payment $3,131/month
About This Home
400 W 2nd Ave in Lenoir City offers a unique investment opportunity with three updated 1 bed/1 bath units and one spacious 4 bed/2 bath unit. With modern renovations and room for potential rent increases, this property presents an excellent opportunity for investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,895
Year Built
- Built in 1930
Home Design
- 3,020 Sq Ft Home
- Quadruplex
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Flooring
- Carpet
- Laminate
- Tile
Parking
- Driveway
- Off-Street Parking
Additional Features
- Lot Dimensions are 48 x 72
- Central Heating and Cooling System
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for water, sewer, HVAC maintenance, exterior maintenance, taxes, insurance
- Assessor Parcel Number 020N G 055.00
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,935 | $82,520 | $3,160 | $79,360 |
| 2023 | $1,935 | $81,200 | $0 | $0 |
| 2022 | $1,919 | $81,200 | $3,160 | $78,040 |
| 2021 | $1,287 | $81,200 | $3,160 | $78,040 |
| 2020 | $868 | $55,120 | $3,160 | $51,960 |
| 2019 | $865 | $33,560 | $3,880 | $29,680 |
| 2018 | $844 | $33,560 | $3,880 | $29,680 |
| 2017 | $844 | $33,560 | $3,880 | $29,680 |
| 2016 | $908 | $34,640 | $3,880 | $30,760 |
| 2015 | $901 | $34,640 | $3,880 | $30,760 |
| 2014 | $938 | $36,080 | $3,880 | $32,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2025 09/06/25 | For Sale | $549,900 | +25.0% | $182 / Sq Ft |
| 11/27/2024 11/27/24 | Sold | $440,000 | -9.3% | $146 / Sq Ft |
| 11/07/2024 11/07/24 | Pending | -- | -- | -- |
| 10/31/2024 10/31/24 | For Sale | $485,000 | -- | $161 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | None Listed On Document | |
| Warranty Deed | $280,000 | Crossland Title | |
| Warranty Deed | $65,000 | Crossland Title Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $352,000 | New Conventional | |
| Previous Owner | $210,000 | New Conventional | |
| Previous Owner | $100,000 | New Conventional | |
| Previous Owner | $100,000 | Purchase Money Mortgage |
Source: East Tennessee REALTORS® MLS
MLS Number: 1314564
APN: 020N-G-055.00
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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