2642 Summit Ave, Knoxville, TN 37917

$339,950
Property Type: Multi-Family Square Footage: 1,288 Status: Active
Current Price: $339,950 List Date: 2/09/2026 Last Modified: 2/17/2026

Description

Fully renovated duplex just minutes from downtown Knoxville and the University of Tennessee, offering immediate income with upside. Updated in 2024, this property features extensive improvements including a new roof, new HVAC systems, new water heaters, new windows, new electrical, new plumbing, new cabinets, and new appliances—providing peace of mind for years to come. Both units offer durable tile flooring throughout with carpeted bedrooms for comfort. One unit is currently occupied on a month-to-month basis, while the second unit is vacant and previously rented for $1,250, making it ideal for an owner-occupant or investor seeking to set market rent. Washer and dryer hookups are conveniently located in the basement. Located very close to downtown and UT, this property combines modern upgrades, strong rental potential, and a prime location. A solid opportunity for those looking to house hack or add a turnkey duplex to their portfolio.

More Information MLS# 1328786

Location, Tax & Legal Info

Area: Knox County - 1 City/County Code: City Limits Elementary School: Sarah M Greene/Magnet Middle School: Vine/Magnet Total Tax: 3845 High School: Austin East/Magnet

Contract Info

Auction Y/N: No Listing Price: 339950 Current Price: $339,950 Status: Active Listing Date: 2026-02-06

General Property Description

Lot Dimensions: 51x137 # Units Leased: 1 Utilities/Mo Avg: 109.25 Property Status: N/A Driveway: No SqFt - Total (Aprox): 1288 Number of Units: 2 Year Built: 1940

Remarks & Misc

Directions: From I-40, take the Cherry Street exit toward downtown Knoxville. Turn onto Cherry Street, then turn left onto Washington Avenue. Continue on Washington Avenue and turn left onto Harrison Street, then turn left onto Nichols Avenue, Right onto Turner Avenue, and right onto Summit Avenue. The property at 2642 Summit Ave will be on the right. Public Remarks: Fully renovated duplex just minutes from downtown Knoxville and the University of Tennessee, offering immediate income with upside. Updated in 2024, this property features extensive improvements including a new roof, new HVAC systems, new water heaters, new windows, new electrical, new plumbing, new cabinets, and new appliances—providing peace of mind for years to come. Both units offer durable tile flooring throughout with carpeted bedrooms for comfort. One unit is currently occupied on a month-to-month basis, while the second unit is vacant and previously rented for $1,250, making it ideal for an owner-occupant or investor seeking to set market rent. Washer and dryer hookups are conveniently located in the basement. Located very close to downtown and UT, this property combines modern upgrades, strong rental potential, and a prime location. A solid opportunity for those looking to house hack or add a turnkey duplex to their portfolio.

Property Sub-Type

Duplex: 1

Construction

Frame: 1

Type of Units

2 Bedroom Unit: 1

Siding

Cedar: 1

Sale Includes

Negotiable: 1

Cooling

Central Cooling: 1

Floors

Carpet: 1 Tile: 1

Garage/Parking

Off-Street Parking: 1

Tenant Expenses

Electricity: 1

Owner Expenses

Sewer: 1 Water: 1

Fuel

Electric: 1

Heat

Central: 1

Appliances

Dishwasher: 1 Range: 1 Refrigerator: 1

Other Rooms

Bedroom Main Level: 1 Mstr Bdrm Main Level: 1

Roof

Composition: 1

Exterior Features

Porch - Covered: 1

New Financing

Cash: 1 Conventional: 1 FHA: 1 VA Loan: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 2642 Street Name: Summit St Suffix: Ave State/Province: TN Zip Code: 37917 PIN #: 082GC014 Subdivision: Cardwell & Mitchell Geo Lat: 35.99183 Geo Lon: -83.897179

Status Change Info

Status Change Date: 2026-02-09

Property Features

Property Sub-Type: Duplex Type of Units: 2 Bedroom Unit Sale Includes: Negotiable Floors: Carpet; Tile Tenant Expenses: Electricity Owner Expenses: Sewer; Water Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Range; Refrigerator Construction: Frame Roof: Composition Siding: Cedar Exterior Features: Porch - Covered Other Rooms: Bedroom Main Level; Mstr Bdrm Main Level New Financing: Cash; Conventional; FHA; VA Loan Showing: See Agent Instructns
Listing Office: ResultsMLS.com
IDX
Office Phone: 615-488-2094
Last Updated: February - 17 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 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 weekly, 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.