311 Silver Place, Knoxville, TN 37917 (MLS# 1319536)

311 Silver Place, Knoxville, TN 37917

$999,950
Property Type: Multi-Family Square Footage: 5,626 Status: Active
Current Price: $999,950 List Date: 3/19/2026 Last Modified: 3/19/2026

Overview

Description

Well-located 7-unit multifamily opportunity in North Knoxville, recently taken over following foreclosure and management transition. Current ownership has completed roster cleanup, implemented a revised rent structure that includes a built-in water/sewer offset, and is actively refilling vacant units. All units are operated as long-term rentals; no short-term rental income is assumed or required. This asset is best suited for a hands-on owner-operator seeking to complete lease-up and maximize cash flow through self-management and operational efficiency. Utilities are individually metered where applicable, with owner covering common utilities and water/sewer. Income and expense figures reflect projected stabilized operations based on market-supported rents. Buyer to verify all information and perform independent due diligence. Located just minutes from Downtown Knoxville, UT, major employers, and local entertainment districts. Property built before 1978 may contain lead-bas ...

Listing Details MLS# 1319536

Location Tax Legal Info

House #
311
Street Name
Silver
St Suffix
Place
State/Province
TN
Zip Code
37917
PIN #
081MS014
Subdivision
Cullen Prop Pt 11

Contract Info

Auction Y/N
No
Listing Price
999950

General Property Description

SqFt - Total (Aprox)
5626
Lot Dimensions
75 x 131
Number of Units
7
Utilities/Mo Avg
826.85
Year Built
1899
Property Status
N/A
Restrictions
No
Driveway
Gravel

Status Change Info

Status Change Date
2026-03-18

More Information

Property Features

Property Sub-Type: House Converted Type of Units: Efficiency Unit; 1 Bedroom Unit; 2 Bedroom Unit Sale Includes: Building and Land Floors: Hardwood; Luxury Vinyl Plank; Vinyl Tenant Expenses: Electricity Owner Expenses: Advertising; Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Taxes Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Range; Refrigerator Construction: Frame Roof: Metal Siding: Vinyl; Other Exterior Features: Porch - Covered Misc Features: Walk-in Shower Other Rooms: Foyer; Mstr Bdrm Main Level New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns
IDX
Listing Office: Pace Probity Asset Management
Last Updated: March - 19 - 2026
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