1412 Armstrong Ave, Knoxville, TN 37917
1412 Armstrong Ave, Knoxville, TN 37917
1412 Armstrong Ave, Knoxville, TN 37917
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$1,774,950
Est. payment /mo
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 $208

MLS Listing ID 1326887

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. Zones RN4. One unit could be STR if owner occupied purchase otherwise all units would need to be 30 day minimum rentals.

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.. 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 (30 days or more required).

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 (30 days or more), 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

Virtual Tour https://www.homes.com/property/1412-armstrong-ave-knoxville-tn/phq6c45gwe2e8/?dk=kk0944ghdwe06


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Listed by Pace Probity Asset Management

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1412 Armstrong Ave