3206 E Magnolia Ave, Knoxville, TN 37914
Listing provided by: Carl Young · Young Marketing Group, Realty Executives
Source: East Tennessee REALTORS® MLS · MLS# 1345431
Listing last updated
About this home
This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one. What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.
Facts & features
- Bathrooms: 0
- Heating: Space Heater, Other, Electric
- Cooling: Window Unit(s)
- Included: Range
- Flooring: Other
- Parking features: Off-Street Parking
- Attached garage: No
- Dimensions: 50 X 160
- Parcel number: 082CF003
- Home type: Multi-Family
- Materials: Brick
- Year built: 1948
- Subdivision: Lake Park Spgs Add
- County: Knox County - 1
- MLS area: Knox County - 1
- Region: Knoxville
- Price: $275,000
- Annual tax: $2,276.21
- Listing terms: VA Loan, FHA, Cash, Conventional
- Date on market: Jul 24, 2026
- Days on market: 0
- Status: Active
- MLS #: 1345431
Location
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