2828 NE Colt Drive, Knoxville, TN 37918 (MLS# 1343358)

2828 NE Colt Drive, Knoxville, TN 37918

New

$595,000

Property Type: Multi-Family Square Footage: 4,727 Lot Size (sq. ft.): 16,663 Status: Active

Current Price: $595,000 List Date: 6/04/2026 Last Modified: 6/08/2026

Overview

Description

*MULTIPLE OFFERS RECEIVED* HIGHEST AND BEST DUE WEDNESDAY JUNE 10 AT 8AM, RESPONSE TIME OF THURSDAY JUNE 11 AT 5PM. SELLER ALSO HAS 2816 NE COLT DR FOR SALE WITH MULTIPLE OFFERS (MLS# 1343372) Rare opportunity to acquire a fully occupied multifamily asset in the growing Halls market with immediate income and future upside potential! This 4-plex at 2828 Colt Drive is currently 100% occupied with all four units leased on month-to-month agreements, offering flexibility for future rent adjustments and management strategies. The property features three spacious 2-bedroom, 1.5-bath units, each with a full dining room, plus one larger 3-bedroom, 2.5-bath unit. All units include washer and dryer hookups, a highly desirable amenity for tenants. Tenants pay their own utilities, while the owner maintains the grounds, creating an efficient management structure. Situated on a quiet dead-end street, the property offers ample on-site parking and a peaceful setting while remaining convenientl ... (Read more)

Listing Details MLS# 1343358

Location Tax Legal Info

House #: 2828
St Dir: NE
Street Name: Colt
St Suffix: Drive
State/Province: TN
Zip Code: 37918
PIN #: 048KC004
Subdivision: Rifle Range Estates Sub Unit 1

Contract Info

Auction Y/N: No
Listing Price: 595000

General Property Description

SqFt - Total (Aprox): 4727
Lot Dimensions: IRR
Lot Size SqFt: 16663.26
Number of Units: 4
# Units Leased: 4
Year Built: 1974
Property Status: N/A
Restrictions: Yes
Driveway: Yes
Utilities/Mo Avg: 0

Status Change Info

Status Change Date: 2026-06-04

Location, Tax & Legal Info

Area: Knox County - 1
City/County Code: County
Elementary School: Adrian Burnett
Middle School: Halls
Total Tax: 2149.49
High School: Halls

Remarks & Misc

Directions: From I-75 N, take the exit onto Merchants Dr. Turn right onto Merchants Dr. Turn right onto Dry Gap Pike. Take a slight right onto Rifle Range Dr. Turn left onto Luger Rd. Turn left onto Colt Dr NE. Property on left.
Public Remarks: *MULTIPLE OFFERS RECEIVED* HIGHEST AND BEST DUE WEDNESDAY JUNE 10 AT 8AM, RESPONSE TIME OF THURSDAY JUNE 11 AT 5PM. SELLER ALSO HAS 2816 NE COLT DR FOR SALE WITH MULTIPLE OFFERS (MLS# 1343372) Rare opportunity to acquire a fully occupied multifamily asset in the growing Halls market with immediate income and future upside potential! This 4-plex at 2828 Colt Drive is currently 100% occupied with all four units leased on month-to-month agreements, offering flexibility for future rent adjustments and management strategies. The property features three spacious 2-bedroom, 1.5-bath units, each with a full dining room, plus one larger 3-bedroom, 2.5-bath unit. All units include washer and dryer hookups, a highly desirable amenity for tenants. Tenants pay their own utilities, while the owner maintains the grounds, creating an efficient management structure. Situated on a quiet dead-end street, the property offers ample on-site parking and a peaceful setting while remaining conveniently close to everyday amenities. A standout feature is the basement area, which includes three large storage rooms ideal for maintenance equipment, supplies, and building materials. These spaces may also present future value-add potential for additional income-producing units, subject to buyer verification and approval. Located just off North Broadway in the desirable Halls community, the property is minutes from major restaurants, grocery stores, parks, ball fields, schools, and other conveniences. Downtown Knoxville is only 12 minutes away, making this an attractive location for tenants seeking both accessibility and a neighborhood feel. Whether you're expanding an existing portfolio or seeking a turnkey investment with room for future growth, this income-producing property offers a compelling opportunity in one of Knoxville's most convenient and established rental markets. *ASPHALT ROOF 1 YEAR OLD, EACH UNIT HAS THEIR OWN HVAC SYSTEM IN WORKING CONDITION, OWNER MAINTAINS GROUNDS

More Information

Property Sub-Type

Four Plex: Yes

Construction

Frame - Brick: Yes

Type of Units

2 Bedroom Unit: Yes
Townhouse: Yes
Unfurnished: Yes

Siding

Brick: Yes

Sale Includes

Building and Land: Yes
No Furnishings: Yes

Miscellaneous

Patio: Yes
Porch: Yes
Storage Space: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Carpet: Yes
Vinyl: Yes

Garage/Parking

Off-Street Parking: Yes
On Premise Parking: Yes

Tenant Expenses

Cooling: Yes
Electricity: Yes
Heating: Yes
Sewer: Yes
Telephone: Yes
Tenant Pays All Util: Yes
Trash Collection: Yes
Water: Yes

Owner Expenses

Advertising: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn Maintenance: Yes
Taxes: Yes

Fuel

Electric: Yes

Heat

Central: Yes
Heat Pump: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Range: Yes
Refrigerator: Yes

Other Rooms

Addl Living Quarter: Yes
Basement Rec Room: Yes
Separate Dining Room: Yes

Roof

Shingle: Yes

Exterior Features

Deck: Yes
Doors - Storm: Yes
Patio: Yes
Windows - Aluminum: Yes

Misc Features

Internet Available: Yes
Washer/Dryer Connect: Yes

New Financing

Cash: Yes
Conventional: Yes

Showing

See Agent Instructns: Yes

Property Features

Property Sub-Type: Four Plex Type of Units: 2 Bedroom Unit; Townhouse; Unfurnished Sale Includes: Building and Land; No Furnishings Floors: Carpet; Vinyl Tenant Expenses: Electricity; Sewer; Telephone; Tenant Pays All Util; Trash Collection; Water Owner Expenses: Advertising; HVAC Maintenance; Insurance; Lawn Maintenance; Taxes Fuel: Electric Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Range; Refrigerator Construction: Frame - Brick Roof: Shingle Siding: Brick Exterior Features: Deck; Doors - Storm; Patio; Windows - Aluminum Misc Features: Internet Available; Washer/Dryer Connect Other Rooms: Addl Living Quarter; Basement Rec Room; Separate Dining Room Miscellaneous: Patio; Porch; Storage Space New Financing: Cash; Conventional Showing: See Agent Instructns

IDX

Listing Office: Realty Executives Associates

Last Updated: June - 08 - 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.