$1,200,000

412 Watauga Dr Knoxville, TN 37918

Historic Gibbs Drive Neighborhood

Estimated payment $6,639/month

Total Views 180
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes. Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside. The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance. Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed. With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market. This property is part of a 129 Unit portfolio that can be purchased together.

Listing Agent

Ford Collier

SVN I Wood Properties License #373873 Listed on: 12/09/2025

SVN I Wood Properties

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,922

Year Built

  • Built in 1969

Home Design

  • Shingle Roof

Parking

  • Driveway
  • On-Site Parking

Additional Features

  • Wood Flooring
  • Lot Dimensions are 100 x 250
  • Central Heating and Cooling System

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 111464

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,922

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Directions: Follow King St NW and Emory Pl to N Broadway, Turn right onto N Broadway, Take Garden Dr to Watauga Dr
  • Prop. Type: Residential Income
  • Year Built: 1969
  • Lot Size: 100 X 250
  • General Property Description:Driveway: Paved
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood

Exterior Features

  • Construction Type: Other
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Premise Parking

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Lot Info

  • Parcel #: 111464

Multi Family

  • Number Of Units Total: 9

Tax Info

  • Tax Annual Amount: 3921.79

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2025 12/09/25 For Sale $1,200,000 -- --
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1323862

East Tennessee REALTORS® MLS
Tennessee Knox County Knoxville 37918 Historic Gibbs Drive

412 Watauga Dr, Knoxville, TN

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS 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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Ford Collier
Listing Agent
Ford Collier
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SVN I Wood Properties
(865) 830-3366