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
...
(Read more)
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 approvals.
Additional features include a newer roof, large lot, rear street access, and convenient off-street parking.
With its desirable location, existing rental income, commercial zoning, and additional development potential, this is an opportunity for an investor looking to build value and maximize income in a growing Knoxville area.
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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