Estimated payment $11,262/month
Total Views
296
--
Bed
--
Bath
8,514
Sq Ft
$223
Price per Sq Ft
Highlights
- Wood Flooring
- Central Heating and Cooling System
- Coin Laundry
- Covered Patio or Porch
About This Home
Outstanding investment opportunity—two multi-unit properties offered together at 1412 & 1418 Armstrong Ave on one deeded lot in Knoxville's desirable Old North area. Featuring 12 total units across two buildings, this versatile package delivers both steady long-term income and high-return short-term rental potential.
We cleaned up the tenant roster and working on filling vacancies or you can get in now and choose your own!
1418 Armstrong Ave includes four fully furnished units—ready to operate immediately as Airbnb or other short-term rentals. Two feature 3 bedrooms and 11⁄2 baths with full kitchens and shared HVAC; two are 1-bedroom, 1-bath units with private HVAC systems, ideal for traveling professionals or flexible leasing options.
1412 Armstrong Ave consists of eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility adds convenience and appeal for residents.
Positioned on a quiet dead-end street just minutes from downtown Knoxville, the University of Tennessee, and major attractions, this property offers strong possibilites and potential for multiple income streams. Whether managed as long-term housing, short-term rentals, or a hybrid model, it's a turn-key addition for any investor seeking cash flow and appreciation in one of Knoxville's fastest-growing rental markets.
Property built before 1978 may have lead based paint.
Buyer to verify all information independently.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,580
Year Built
- Built in 1920
Home Design
- 8,514 Sq Ft Home
- Brick Exterior Construction
- Block Foundation
- Frame Construction
- Shingle Roof
- Aluminum Siding
- Cement Siding
Kitchen
- Self-Cleaning Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Laundry
- Dryer
- Washer
Parking
- On-Street Parking
- On-Site Parking
- Off-Street Parking
Additional Features
- Covered Patio or Porch
- Lot Dimensions are 119.71 x 185.01
- Central Heating and Cooling System
Community Details
- 12 Units
- Coin Laundry
Listing and Financial Details
- The owner pays for gas, electricity, water, lawn maintenance, insurance, common area maintenance, taxes, advertising, sewer, exterior maintenance, HVAC maintenance, janitorial service
- Assessor Parcel Number 081LE027
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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 |
|---|---|---|---|---|
| 2024 | $15,581 | $420,000 | $0 | $0 |
| 2023 | $15,581 | $420,000 | $0 | $0 |
| 2022 | $15,581 | $420,000 | $0 | $0 |
| 2021 | $4,668 | $101,840 | $0 | $0 |
| 2020 | $4,668 | $101,840 | $0 | $0 |
| 2019 | $4,668 | $101,840 | $0 | $0 |
| 2018 | $4,668 | $101,840 | $0 | $0 |
| 2017 | $4,668 | $63,650 | $0 | $0 |
| 2016 | $4,580 | $0 | $0 | $0 |
| 2015 | $4,580 | $0 | $0 | $0 |
| 2014 | $4,580 | $0 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/22/2025 10/22/25 | For Sale | $1,899,950 | 0.0% | $223 / Sq Ft | |
| 10/17/2025 10/17/25 | Off Market | $1,899,950 | -- | -- | |
| 10/17/2025 10/17/25 | For Sale | $1,899,950 | +206.4% | $223 / Sq Ft | |
| 01/31/2020 01/31/20 | Sold | $620,000 | -- | $73 / Sq Ft | View Prior Sale |
Source: East Tennessee REALTORS® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | $1,366,117 | None Listed On Document | |
| Warranty Deed | $1,113,000 | Paramount Land Ttl Of Knoxvi | |
| Warranty Deed | $620,000 | Paramount Land Ttl Of Knoxvi | |
| Warranty Deed | $235,000 | None Available | |
| Warranty Deed | $185,000 | Real Estate Title Of Knoxvil |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $992,000 | Commercial | |
| Previous Owner | $188,000 | Commercial |
Source: Public Records
About the Listing Agent
Christy was originally licensed in 1996. I have continued my industry education and now I am a Broker and Owner of the firm, HouseSold Realty which is a dba of Pace Probity LLC. Christy is also a continuing education trainer for Realtors in the state of Tennessee. She has been in Knoxville since 4th grade and call it home! Christy is a mother of two beautiful daughters and a grandmother of two as well!
In her career Christy has specialized in listings through retail, residential
Christy Cj's Other Listings
Source: East Tennessee REALTORS® MLS
MLS Number: 1319055
APN: 081LE-027
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.
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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