Forestdale Apartments

3014 Forestdale Ave offers a collection of newly renovated one-bedroom, one-bath apartments in the heart of North Knoxville. Each unit showcases modern finishes throughout, including updated flooring, refreshed kitchens and baths, along with a functional layout that separates the kitchen and living areas for added comfort. The property is ideally positioned just five minutes from Downtown Knoxville, offering residents exceptional convenience to the city’s major employment centers, entertainment districts, and university amenities while still enjoying the privacy of a quiet residential neighborhood. North Knoxville continues to experience strong revitalization, with new restaurants, coffee shops, and retail options along the Broadway and Central corridors, making the area increasingly attractive to young professionals and long-term renters alike. This location provides easy access to major transportation routes, nearby parks, grocery stores, and daily necessities, creating a balanced living environment that appeals to a wide renter base. With its combination of updated interiors, central accessibility, and a peaceful community feel, 3014 Forestdale Ave stands out as a well-located asset in one of Knoxville’s most steadily growing submarkets.SVN | Wood Properties is proud to present 3014 Forestdale Ave — a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units. Each unit currently rents for $993 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income. This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space. With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville’s steadily growing neighborhoods — a true plus for any multifamily portfolio. This property is part of a 129 Unit portfolio that can be purchased together.