$460,000

Estimated payment $2,645/month

-- Beds
-- Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Main Floor Bedroom
  • Porch
  • Tile Flooring
  • Balcony
  • Shed
  • Central Heating

About This Home

Value-add multifamily opportunity in Knoxville featuring four residential units with a mix of two
2BR/1BA and two 1BR/1BA units. The approximately 3,256-square-foot building sits on approximately 0.52 acres and offers an opportunity for an investor to complete renovations and reposition the property.

Three of the four units have been cleared and primed, leaving a largely blank canvas for a new
owner to complete finishes to their specifications. One unit remains occupied under a one-year lease, with the remaining three units currently vacant.

Significant capital improvements have been completed in recent years, including a newer roof, upgraded electrical service boxes, and new concrete and gutters, along with landscape cleanup and preparation of the vacant units for renovation.

The owner's improvement schedule identifies the roof, electrical service, concrete, unit preparation, landscape cleanup, and gutters among the recent work completed at the property.

With much of the initial preparation already complete, 719 Murray Drive offers an investor the opportunity to finish the units, establish new rents and bring the property back to stabilized
occupancy.

Listing Agent

Lauren Farmer

Avison Young License #340823 Listed on: 08/27/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,432

Year Built

  • Built in 1971

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • Main Floor Bedroom
  • Aluminum Window Frames
  • Fire and Smoke Detector

Flooring

  • Laminate
  • Tile

Outdoor Features

  • Balcony
  • Shed
  • Porch

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating unit installed on the ceiling

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, trash collection, lawn maintenance, common area maintenance, taxes, exterior maintenance, HVAC maintenance
  • Assessor Parcel Number 068JA005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,432

Year Built

Built in 1971

Lot Details

0 Sq Ft Lot

Listing Details

  • Directions: Clinton Hwy, turn right on Murray Dr, Property will be on the left in approx. 0.8 miles
  • Prop. Type: Residential Income
  • Year Built: 1971
  • Lot Size: 134x246xIRR
  • General Property Description:Driveway: Asphalt & Concrete
  • Construction:Construction: Frame
  • Fuel:Fuel: Electric
  • Other Rooms:Other Rooms: Bedroom Main Level, Other
  • Property Sub-Type:Property Sub-Type: Four Plex
  • Miscellaneous: Balcony, Porch
  • Type of Units: 1 Bedroom Unit
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other
  • Owner Pays: Water, Trash Collection, Lawn Maintenance, Common Area Maintenance, Taxes, Exterior Maintenance, HVAC Maintenance
  • Flooring: Laminate, Tile, Other
  • Window Features: Aluminum Frames

Exterior Features

  • Exterior Features: Balcony
  • Construction Type: Frame, Brick, Other
  • Other Structures: Shed(s)
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • GarageParking:GarageParking: Off-Street Parking

Utilities

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

Lot Info

  • Parcel #: 068JA005

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1432.0

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 $1,433 $92,200 $0 $0
2024 $1,433 $92,200 $0 $0
2023 $1,433 $92,200 $0 $0
2022 $1,433 $92,200 $0 $0
2021 $1,292 $60,960 $0 $0
2020 $1,292 $60,960 $0 $0
2019 $1,292 $60,960 $0 $0
2018 $1,292 $60,960 $0 $0
2017 $1,292 $38,100 $0 $0
2016 $1,514 $0 $0 $0
2015 $1,514 $0 $0 $0
2014 $1,514 $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
08/27/2026 08/27/26 For Sale $460,000 -- --
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1353403

East Tennessee REALTORS® MLS
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