Remarks & Misc

Directions

From Downtown Knoxville / I-40 E, head east on I-40 E toward Asheville. Take Exit 390 for N Cherry St. Turn right onto E Magnolia and then left on the N Chestnut St. The property will be on the right after 3 blocks. Can enter off of S Chestnut St or Louise Ave

Public Remarks

Investment Opportunity or Owner-Occupant Dream in the Heart of Knoxville! Rare opportunity to own a nearly new construction duplex just minutes from Downtown Knoxville and convenient interstate access. Built only three years ago, this property offers modern finishes, strong rental income, and future upside that is difficult to find in today's market. Each unit features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, and a highly desirable floor plan with the primary bedroom located on the main level. The thoughtful design provides comfortable living while minimizing maintenance concerns often associated with older properties. One of the standout features of this duplex is the completely separate parking arrangement. Each unit has its own dedicated driveway located on opposite sides of the property, creating privacy and a single-family home feel that is uncommon among duplex properties. Unit 123 is currently leased for $1,975 per month on a one-year lease expiring in September, providing immediate income for investors. Unit 125 is vacant and ready for its next tenant or owner-occupant, offering flexibility to maximize returns or offset your mortgage with rental income. The property is situated on commercially zoned land, opening the door to numerous future possibilities and long-term value potential. With very few newer construction duplexes available in Knoxville--especially this close to downtown and major highways--this is a unique opportunity to acquire a versatile asset in a growing market. Whether you're looking to house hack, expand your investment portfolio, or secure a property with future development potential, this duplex checks all the boxes.

Income/Expenses

Gross Annual Income

47400

Annual Oper Expenses

7500

Fencing

Chain

Yes

Property Sub-Type

Duplex

Yes

Construction

Block

Yes

Frame

Yes

Type of Units

3 or more Bdrm Units

Yes

Siding

Vinyl

Yes

Sale Includes

Building and Land

Yes

Cooling

Central Cooling

Yes

Floors

Carpet

Yes

Luxury Vinyl Plank

Yes

Garage/Parking

Off-Street Parking

Yes

Tenant Expenses

Tenant Pays All Util

Yes

Owner Expenses

Insurance

Yes

Fuel

Electric

Yes

Heat

Central

Yes

Appliances

Dishwasher

Yes

Disposal

Yes

Microwave

Yes

Range

Yes

Refrigerator

Yes

Self Cleaning Oven

Yes

Smoke Detector

Yes

Other Rooms

Bedroom Main Level

Yes

Mstr Bdrm Main Level

Yes

Roof

Asphalt

Yes

Exterior Features

Windows - Vinyl

Yes

Misc Features

Walk-in Shower

Yes

Walk-In Closet(s)

Yes

Washer/Dryer Connect

Yes

New Financing

Cash

Yes

Conventional

Yes

FHA

Yes

VA Loan

Yes

Property Features