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

Location, Tax & Legal Info

Area
Knox County - 1
City/County Code
City Limits
Total Tax
8759.1

Remarks & Misc

Directions
FROM Broadway SW (US-441): Go for 1.1 mi. Turn left onto Caswell Ave NE. Go for 328 ft. Turn slightly left onto Irwin St. Go for 98 ft. Turn right onto Cullen Pl. Go for 200 ft.
Public Remarks
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-based paint. Zoned RN-4

More Information

Property Sub-Type

House Converted
Yes

Construction

Frame
Yes

Type of Units

Efficiency Unit
Yes
1 Bedroom Unit
Yes
2 Bedroom Unit
Yes

Siding

Vinyl
Yes
Other
Yes

Sale Includes

Building and Land
Yes

Cooling

Ceiling Fan(s)
Yes
Central Cooling
Yes

Floors

Hardwood
Yes
Luxury Vinyl Plank
Yes
Vinyl
Yes

Garage/Parking

Off-Street Parking
Yes
On Premise Parking
Yes
On-Street Parking
Yes

Tenant Expenses

Cooling
Yes
Electricity
Yes

Owner Expenses

Advertising
Yes
Common Area Maintenance
Yes
Exterior Maintenance
Yes
HVAC Maintenance
Yes
Insurance
Yes
Lawn Maintenance
Yes
Roof Maintenance
Yes
Taxes
Yes

Fuel

Electric
Yes

Heat

Central
Yes

Appliances

Range
Yes
Refrigerator
Yes

Other Rooms

Foyer
Yes
Mstr Bdrm Main Level
Yes

Roof

Metal
Yes

Exterior Features

Porch - Covered
Yes

Misc Features

Walk-in Shower
Yes

New Financing

Cash
Yes
Conventional
Yes
New Loan
Yes

Showing

See Agent Instructns
Yes

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
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.