123 E Springdale Ave, Knoxville, TN 37917
Listing provided by: Fredda Augusta Temples · The Real Estate Firm, Inc.
Source: East Tennessee REALTORS® MLS · MLS# 1358523
Listing last updated
About this home
THREE UNITS. $3,400 IN MONTHLY RENT. ROOM TO BUILD VALUE! Put your next investment to work just outside Knoxville's vibrant Happy Holler district! This commercially zoned multifamily property combines existing rental income with opportunities to renovate, improve, and explore additional income potential. Two apartments are currently rented month-to-month. The two first-floor units rent for $1,200 each, and the upstairs apartment rents for $1,000--totaling $3,400 per month in gross rental income. Tenants pay their own utilities, and each apartment has a separate electric meter. Bring your vision and capitalize on the opportunity to make improvements! The existing apartments would benefit from repairs, cleaning, and modernization, offering investors a path to enhance the property and potentially increase future rents. Additional square footage in an unfinished upper-level space offers potential for a fourth unit, subject to applicable zoning, permitting, inspections, and governmental approvals. Additional highlights include new water lines installed to the street by the seller. A newer roof, large lot, rear street access, and convenient off-street parking add to the appeal. Existing income, renovation upside, and potential to expand--all near one of Knoxville's lively neighborhood destinations. Schedule your showing and explore the possibilities!
Facts & features
- Bathrooms: 0
- Heating: Electric, Heat Pump, Natural Gas
- Cooling: Central Cooling
- Included: Range, Refrigerator
- Flooring: Vinyl
- Windows: Windows - Storm, Windows - Aluminum
- Total interior livable area: 1,956 sqft
- Parking features: On-Street Parking, Off-Street Parking, On Premise Parking
- Attached garage: No
- Size: 0.17 acres · 7,231 sqft
- Dimensions: 50 X 145
- Patio & porch: Porch - Covered
- Parcel number: 081FS024
- Home type: Multi-Family
- Materials: Block, Frame, Vinyl
- Year built: 1915
- Subdivision: Oakwood C B Atkins Add
- County: Knox County - 1
- MLS area: Knox County - 1
- Region: Knoxville
- Price: $259,999
- Price per square foot: $133/sqft
- Annual tax: $2,296.99
- Listing terms: Cash, New Loan
- Date on market: Oct 11, 2026
- Days on market: 0
- Status: Active
- MLS #: 1358523
Location
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