$1,799,950
$50K PRICE DROP

Estimated payment $10,916/month

Total Views 178,570
-- Bed
-- Bath
8,514 Sq Ft
$211 Price per Sq Ft

Highlights

  • Wood Flooring
  • Storage
  • Walk-in Shower
  • Covered Patio or Porch
  • Central Heating and Cooling System
  • Coin Laundry

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. Zones RN4. One unit could be STR if owner occupied purchase otherwise all units would need to be 30 day minimum rentals. 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.. 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 (30 days or more required). 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 (30 days or more), 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.

Listing Agent

Christy Cj Pace

Pace Probity Asset Management License #258592 Listed on: 01/18/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,580

Year Built

  • Built in 1920

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Block Foundation
  • Brick Frame
  • Frame Construction
  • Shingle Roof
  • Aluminum Siding
  • Cement Siding

Interior Spaces

  • Walk-in Shower
  • 8,514 Sq Ft Home
  • Storage
  • Utility Room

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Laundry

  • Dryer
  • Washer

Parking

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Internet Available
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 119.71 x 185.01

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

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • 12 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,580

Year Built

Built in 1920

Lot Details

0 Sq Ft Lot

Listing Details

  • Directions: Broadway SW (US-441) for 1.6 mi. Turn left onto Kenyon St NE, then go 433 ft. Turn right onto Armstrong Ave NE. Go 0.1 mi to property on left at 1412 Armstrong Ave NE, Knoxville, TN 37917.
  • Prop. Type: Residential Income
  • Year Built: 1920
  • Lot Size: 119.71 x 185.01
  • Contract Info:List PriceSqFt2: 211.41
  • General Property Description:Driveway: With Parking Lot
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Dishwasher, Microwave, Washer, Dryer, Self Cleaning Oven
  • Owner Pays: Gas, Electricity, Water, Lawn Maintenance, Insurance, Common Area Maintenance, Taxes, Advertising, Sewer, Exterior Maintenance, HVAC Maintenance, Janitorial Service
  • Flooring: Carpet, Hardwood, Laminate

Exterior Features

  • Construction Type: Block, Frame, Brick, Aluminum Siding, Cement Siding, Fiber Cement
  • Patio And Porch Features: Porch - Covered
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: No

Lot Info

  • Parcel #: 081LE027

Rental Info

  • Tenant Pays: Gas, Electricity, Water, Heating, Cooling, Sewer

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 15580.32

Matterport 3D Tour

Floorplan

Map

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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
2025 $6,527 $420,000 $0 $0
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
02/19/2026 02/19/26 Price Changed $1,799,950 -2.7% $211 / Sq Ft
01/18/2026 01/18/26 For Sale $1,849,950 +198.4% $217 / 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 Cj Pace

Pace Probity Asset Management

(865) 518-7850

Section Image

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

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Source: East Tennessee REALTORS® MLS

MLS Number: 1326887

East Tennessee REALTORS® MLS

APN: 081LE-027

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