Contacts
SVN | Wood Properties
Property Details
- Property Type Multi-Family
- Property Size 34,926 SF
- Units 44
- Lot Size 4.02 Acre
- Building Class C
- Year Built 1970
- Year Renovated 2025
- Date Updated May 15, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- Amenities: All units feature in-unit laundry connections—a high-demand amenity that supports stronger rents and tenant retention
- Expansion Potential: 44 existing units with capacity to build out 3 additional units plus duplex redevelopment, bringing total potential to 49 units
- Immediate Rental Upside: Current rents at $1,355/month with market rate of $1,450/month presents $95/unit opportunity for NOI growth
- Recent Capital Improvements: Significant investment in exterior painting and interior renovations across most units, reducing immediate CapEx requirements
- Turnkey Operation: Renovated units with uniform 2BD/1BA layouts (~820 SF) deliver stable cash flow with clear value-add path through expansion and rent growth
Getting around
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22/100
Walk Score ®
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26/100
Transit Score ®
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5/100
Bike Score ®
Location
- City Knoxville, TN
- Neighborhood Fountain City
- Zip Code 37918
- Market Knoxville
Points of Interest
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Three Rivers Rambler
4.14 miles
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Kroger
1.37 miles
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Exxon
1.60 miles
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BP
1.83 miles
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Pilot
1.91 miles
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Delta Express
1.91 miles
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Quik Stop
2.53 miles
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Fuel City
2.56 miles
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Blink
3.48 miles
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Tesla Supercharger
6.54 miles
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EVgo
9.49 miles
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Jackson Lot
3.07 miles
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Jackson Avenue Lot
3.16 miles
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SP+
3.16 miles
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Caldonia Pass
3.25 miles
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Marble Alley Lofts Garage
3.32 miles
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Promenade Garage
3.36 miles
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Market Square Parking Garage
3.39 miles
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Summer Place Parking Garage
3.42 miles
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State Street Parking Garage
3.44 miles
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Civic Auditorium and Coliseum Garage B
3.45 miles
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Mainstay Suites
1.87 miles
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Best Western Knoxville Suites
1.87 miles
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Quality Inn Merchants Drive
1.93 miles
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Hampton Inn & Suites - Knoxville/North I-75
1.95 miles
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Tru by Hilton Knoxville North I-75
1.95 miles
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Red Roof Inn Knoxville - North Merchants
1.97 miles
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Rodeway Inn
1.99 miles
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Clarion Inn & Suites Near Downtown
2.01 miles
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Comfort Suites North
2.04 miles
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Best Value Inn
2.06 miles
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Food City
0.93 miles
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Big Lots
1.00 miles
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Kroger
1.42 miles
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Ingles
1.90 miles
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Target
3.14 miles
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Mast General Store
3.36 miles
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Big D's
3.38 miles
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The Market at Union & Gay
3.43 miles
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United Grocery Outlet
4.05 miles
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640 Plaza
4.09 miles
SVN | Wood Properties