2704 Sevier Ave, Knoxville, TN 37920 (MLS# 1331351)

2704 Sevier Ave, Knoxville, TN 37920

$349,000

Property Type: Multi-Family Status: Pending

Current Price: $349,000 List Date: 3/04/2026 Last Modified: 5/12/2026

Overview

Description

Rare infill redevelopment or value-add opportunity in the heart of rapidly evolving South Knoxville along the Sevier Avenue corridor. This ±0.50-acre site sits in one of Knoxville's most active growth pockets and currently includes a duplex structure that has been fully gutted, offering the opportunity for a buyer to renovate and reposition the existing improvements or pursue a larger redevelopment of the site. The property offers significant flexibility for multiple strategies. An investor could complete the renovation and hold the duplex as income-producing units, while a developer could pursue rezoning and reposition the site for higher-density residential uses. Potential redevelopment concepts include student housing, market-rate apartments, or for-sale / for-rent condominium product, all of which are already proven within the immediate submarket. Several successful residential projects surround the property, demonstrating strong demand for new housing in this corridor. The Ad ... (Read more) Rare infill redevelopment or value-add opportunity in the heart of rapidly evolving South Knoxville along the Sevier Avenue corridor. This ±0.50-acre site sits in one of Knoxville's most active growth pockets and currently includes a duplex structure that has been fully gutted, offering the opportunity for a buyer to renovate and reposition the existing improvements or pursue a larger redevelopment of the site. The property offers significant flexibility for multiple strategies. An investor could complete the renovation and hold the duplex as income-producing units, while a developer could pursue rezoning and reposition the site for higher-density residential uses. Potential redevelopment concepts include student housing, market-rate apartments, or for-sale / for-rent condominium product, all of which are already proven within the immediate submarket. Several successful residential projects surround the property, demonstrating strong demand for new housing in this corridor. The Adelade Apartments sit directly adjacent to the parcel as a market-rate multifamily community, The Heights of Knoxville student housing development is located just approximately 0.1 miles away, and newly constructed for-sale condominium product on Sevier Avenue is also located nearby. These neighboring developments highlight the strong rental and ownership demand supporting new residential projects in the area. The site spans approximately 22,085 square feet with roughly 100 feet of frontage along Sevier Avenue, providing excellent layout potential for future development. Positioned just minutes from Downtown Knoxville and the South Waterfront district, the property benefits from immediate access to one of Knoxville's most vibrant lifestyle corridors. The surrounding area features numerous breweries, restaurants, and entertainment venues along Sevier Avenue, as well as close proximity to the Urban Wilderness trail system and waterfront amenities, making this location highly desirable for both renters and homeowners. With strong surrounding residential developments, walkable lifestyle amenities, and quick access to Downtown Knoxville, 2704 Sevier Ave represents a rare opportunity to acquire a redevelopment-ready site in one of the city's fastest-growing neighborhoods.

Listing Details MLS# 1331351

Location Tax Legal Info

House #: 2704
Street Name: Sevier
St Suffix: Ave
State/Province: TN
Zip Code: 37920
PIN #: 109BE015

Contract Info

Auction Y/N: No
Listing Price: 349000

General Property Description

Lot Dimensions: 100 X 222.7
Number of Units: Yes
Utilities/Mo Avg: 150
Year Built: 1899
Property Status: N/A
Driveway: Paved

Status Change Info

Status Change Date: 2026-05-12
Under Contract Date: 2026-05-12

Location, Tax & Legal Info

Area: Knox County - 1
City/County Code: City Limits
Total Tax: 3432.12

Remarks & Misc

Directions: Drive along Hall of Fame Dr, E Summit Hill Dr SE, E Hill Ave, James White Pkwy and Sevier Ave
Public Remarks: Rare infill redevelopment or value-add opportunity in the heart of rapidly evolving South Knoxville along the Sevier Avenue corridor. This ±0.50-acre site sits in one of Knoxville's most active growth pockets and currently includes a duplex structure that has been fully gutted, offering the opportunity for a buyer to renovate and reposition the existing improvements or pursue a larger redevelopment of the site. The property offers significant flexibility for multiple strategies. An investor could complete the renovation and hold the duplex as income-producing units, while a developer could pursue rezoning and reposition the site for higher-density residential uses. Potential redevelopment concepts include student housing, market-rate apartments, or for-sale / for-rent condominium product, all of which are already proven within the immediate submarket. Several successful residential projects surround the property, demonstrating strong demand for new housing in this corridor. The Adelade Apartments sit directly adjacent to the parcel as a market-rate multifamily community, The Heights of Knoxville student housing development is located just approximately 0.1 miles away, and newly constructed for-sale condominium product on Sevier Avenue is also located nearby. These neighboring developments highlight the strong rental and ownership demand supporting new residential projects in the area. The site spans approximately 22,085 square feet with roughly 100 feet of frontage along Sevier Avenue, providing excellent layout potential for future development. Positioned just minutes from Downtown Knoxville and the South Waterfront district, the property benefits from immediate access to one of Knoxville's most vibrant lifestyle corridors. The surrounding area features numerous breweries, restaurants, and entertainment venues along Sevier Avenue, as well as close proximity to the Urban Wilderness trail system and waterfront amenities, making this location highly desirable for both renters and homeowners. With strong surrounding residential developments, walkable lifestyle amenities, and quick access to Downtown Knoxville, 2704 Sevier Ave represents a rare opportunity to acquire a redevelopment-ready site in one of the city's fastest-growing neighborhoods.

More Information

Property Sub-Type

Duplex: Yes

Construction

Frame: Yes

Type of Units

1 Bedroom Unit: Yes
2 Bedroom Unit: Yes

Sale Includes

Building and Land: Yes
No Furnishings: Yes

Cooling

Central Cooling: Yes

Floors

Other: Yes

Garage/Parking

On Premise Parking: Yes

Fuel

Gas (Natural): Yes

Heat

Forced Air: Yes

Other Rooms

Other: Yes

Roof

Shingle: Yes

New Financing

Cash: Yes
Conventional: Yes
New Loan: Yes

Showing

See Agent Instructns: Yes

Property Features

Property Sub-Type: Duplex Type of Units: 1 Bedroom Unit; 2 Bedroom Unit Sale Includes: Building and Land; No Furnishings Floors: Other Fuel: Gas (Natural) Heat: Forced Air Cooling: Central Cooling Construction: Frame Roof: Shingle Other Rooms: Other New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns

IDX

Listing Office: SVN I Wood Properties

Office Phone: 865-936-9999

Last Updated: May - 12 - 2026

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