Listing provided by: Christy CJ Pace · Pace Probity Asset Management
Source: East Tennessee REALTORS® MLS · MLS# 1343469
Listing last updated
About this home
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.
Facts & features
- Bathrooms: 0
- Heating: Central, Natural Gas, Electric
- Cooling: Central Cooling
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
- Flooring: Laminate, Hardwood, Carpet
- Total interior livable area: 8,514 sqft
- Parking features: On-Street Parking, Off-Street Parking, On Premise Parking
- Attached garage: No
- Dimensions: 119.71 x 185.01
- Patio & porch: Porch - Covered
- Parcel number: 081LE027
- Home type: Multi-Family
- Materials: Fiber Cement, Aluminum Siding, Cement, Block, Frame, Brick
- Year built: 1920
- County: Knox County - 1
- MLS area: Knox County - 1
- Region: Knoxville
- Price: $1,724,950
- Price per square foot: $203/sqft
- Annual tax: $15,580.32
- Listing terms: New Loan, Cash, Conventional
- Date on market: Jun 4, 2026
- Days on market: 32
- Status: Active
- MLS #: 1343469
Location
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