123 E Springdale Ave, Knoxville, TN 37917 (MLS# 1346324)

123 E Springdale Ave, Knoxville, TN 37917

$260,000
Property Type: Multi-Family Square Footage: 1,956 Lot Size (sq. ft.): 7,231 Status: Active
Current Price: $260,000 List Date: 6/29/2026 Last Modified: 9/07/2026

Overview

Description

Not Just a House -- This Is a Money-Making Investment Opportunity! Exceptional multi-family property zoned for commercial use and ideally located just outside Knoxville's vibrant Happy Holler district. With three income-producing units currently rented month-to-month, this property offers immediate cash flow plus excellent value-add potential. The two first-floor apartments rent for $1,200 per month each, while the upstairs unit rents for $1,000 per month, for a total of $3,400 per month. Tenants are responsible for their own utilities, and each dwelling has its own electric meter. The existing apartments could benefit from repairs, cleaning, and modernization, creating an opportunity for an investor to improve the property and potentially increase future rental income. An additional approximately 450 sq. ft. of unfinished upper-level space offers potential for an additional unit and income stream, subject to applicable zoning, permitting, inspections, and governmental approv ...

Listing Details MLS# 1346324

Location Tax Legal Info

House #
123
St Dir
E
Street Name
Springdale
St Suffix
Ave
State/Province
TN
Zip Code
37917
PIN #
081FS024
Subdivision
Oakwood C B Atkins Add

Contract Info

Auction Y/N
No
Listing Price
260000

General Property Description

SqFt - Total (Aprox)
1956
Total Unfinished SqFt
450
Lot Dimensions
50 X 145
Lot Size SqFt
7231
Number of Units
3
# Units Leased
3
Utilities/Mo Avg
500
Year Built
1915
Property Status
N/A
Restrictions
Yes
Driveway
off street parking
Lease Information
Leased month to month. 1st floor apartment $1200 monthly. Upstairs $1000. Tenant pays utlilites.

Status Change Info

Status Change Date
2026-06-29

More Information

Property Features

Property Sub-Type: Four Plex; Triplex Type of Units: 1 Bedroom Unit Sale Includes: No Furnishings Floors: Vinyl Tenant Expenses: Tenant Pays All Util Fuel: Electric; Gas (Natural) Heat: Heat Pump Cooling: Central Cooling Construction: Block; Frame Roof: Shingle Siding: Vinyl Exterior Features: Porch - Covered; Shed; Windows - Aluminum; Windows - Storm Misc Features: Internet Available Other Rooms: Bedroom Main Level New Financing: Cash; New Loan Showing: See Agent Instructns
IDX
Listing Office: The Real Estate Firm, Inc.
Last Updated: September - 07 - 2026
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