Knoxville, TN 37917
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Knoxville, TN 37917
Knoxville, TN 37917
Knoxville, TN 37917
Knoxville, TN 37917
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Knoxville, TN 37917

8,514 SqFt


UPDATED:

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

Lot Dimensions 119.71 x 185.01

Source East Tennessee REALTORS® MLS

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

Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer

Heat Source Central, Natural Gas, Electric

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

Garage No

Building

Faces 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.

Structure Type Fiber Cement,Aluminum Siding,Cement Siding,Block,Frame,Brick

Others

Tax ID 081LE027

Energy Description Electric, Gas(Natural)

Acceptable Financing New Loan, Cash, Conventional

Listing Terms New Loan, Cash, Conventional

Pets Allowed No


Listed by Pace Probity Asset Management
Nic Nicaud

Nic Nicaud

Broker | License ID: 302707

+1(865) 205-4208

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