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Knoxville,TN 37917
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,514 sqft
Price per Sqft $223
MLS Listing ID 1319055
Year Built 1920
Property Description
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 1½ 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.
Location
State TN
County Knox County - 1
Rooms
Other Rooms Mstr Bedroom Main Level
Interior
Heating Central,Natural Gas,Electric
Cooling Central Cooling
Flooring Laminate,Hardwood,Carpet
Exterior
Exterior Feature Porch - Covered
Parking Features On-Street Parking,Off-Street Parking,On Premise Parking
Garage Description On-Street Parking, Off-Street Parking, On Premise Parking
Roof Type Shingle
Building
Structure Type Fiber Cement,Aluminum Siding,Cement Siding,Block,Frame,Brick
Others
Acceptable Financing New Loan,Cash,Conventional
Listing Terms New Loan,Cash,Conventional
Pets Allowed No