Contacts
Avison Young
Avison Young
Property Details
- Property Type Other
- Property Size 3 SF
- Date Updated Sep 26, 2026
711 Murray Drive & 719 Murray Drive offer the opportunity to acquire eight units across two adjacent four-unit multifamily properties. The properties total approximately 6,689 square feet on 1.32 acres. Each property includes two 2BR/1BA and two 1BR/1BA units, for a combined unit mix of four 2BR/1BA and four 1BR/1BA residences.
711 Murray Drive is fully leased with long-term tenancy in place and includes on-site laundry with the opportunity to expand tenant use. Recent improvements include a new driveway, deck, concrete, gutters, shed, and flooring improvements.
The adjacent 719 Murray Drive offers immediate value-add potential. One unit is currently occupied under a one-year lease, while the remaining three units have been cleared and primed, allowing a new owner to complete interior finishes and bring the units back online. Recent improvements include a newer roof, upgraded electrical service boxes, new concrete, and gutters.
Together, the properties offer a combination of existing rental income at 711 Murray Drive and renovation and lease-up potential at 719 Murray Drive.
Property Highlights
- $1,010,000 Asking Price
- 6,689 SF multifamily building
- 1.32 acres
- 8 residential units
- Unit mix: Four 2BR/1BA and four1BR/1BA units
- 711 - Fully occupied with long-term tenancy in place; 719 - 1 unit has 1 year lease in place. 3 units - vacant and ready for finishes to be completed.
- On-site laundry expansion for tenant use available in 711 building
- Recent improvements include:
- New driveway
- New deck
- Concrete improvements
- New gutters
- Shed
- Flooring improvements
- 711 Murray Drive available only with 719 Murray Drive
Reach out to the broker for more info on lease terms and amenities
Getting around
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5/100
Walk Score ®
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3/100
Bike Score ®
Location
- City Knoxville, TN
- Neighborhood Murray
- Zip Code 37912
- Market Knoxville
Points of Interest
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Three Rivers Rambler
5.12 miles
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Weigel's
1.03 miles
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Pilot
1.09 miles
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Exxon
1.12 miles
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Delta Express
1.38 miles
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BP
1.46 miles
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Kroger
1.62 miles
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Walmart
1.75 miles
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Shell
1.75 miles
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Tesla Supercharger
5.32 miles
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Blink
5.60 miles
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Jackson Avenue Lot
5.09 miles
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C9
5.10 miles
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Jackson Lot
5.14 miles
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White Avenue Parking Garage
5.15 miles
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Caldonia Pass
5.21 miles
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SP+
5.25 miles
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Lake Avenue Parking Garage
5.25 miles
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Terrace Avenue Parking Garage
5.26 miles
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Summer Place Parking Garage
5.27 miles
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Market Square Parking Garage
5.28 miles
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Motel 6
0.94 miles
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Holiday Inn Knoxville N - Merchant Drive
1.00 miles
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Scottish Inns Knoxville
1.00 miles
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Knights Inn
1.01 miles
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Holiday Inn Express Knoxville
1.02 miles
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Super 8
1.04 miles
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Days Inn by Wyndham Knoxville North
1.06 miles
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Fairfield Inn & Suites Knoxville Northwest
1.07 miles
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Econo Lodge
1.10 miles
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Comfort Suites North
1.25 miles
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Food City
1.21 miles
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Ingles
1.41 miles
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Target
1.53 miles
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Marshalls
1.56 miles
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Kroger
1.63 miles
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ALDI
1.69 miles
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Ross
1.71 miles
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Walmart Supercenter
1.87 miles
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Monarca Tienda y Carniceria
2.49 miles
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Walmart Neighborhood Market
2.66 miles