311 Silver Place, Knoxville, TN 37917
$1,049,950
Property Type:
Multi-Family
Square Footage:
5,626
Status:
Active
Current Price:
$1,049,950
List Date:
10/23/2025
Last Modified:
1/22/2026
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-based paint.
Zoned RN-4
More Information MLS# 1319536
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: City Limits
Total Tax: 8759.1
Contract Info
Auction Y/N: No
Listing Price: 1049950
Current Price: $1,049,950
Status: Active
Listing Date: 2025-10-22
General Property Description
Lot Dimensions: 75 x 131
Restrictions: No
Utilities/Mo Avg: 826.85
Property Status: N/A
Driveway: Gravel
SqFt - Total (Aprox): 5626
Number of Units: 7
Year Built: 1899
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
Property Sub-Type
House Converted: 1
Construction
Frame: 1
Type of Units
Efficiency Unit: 1
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Siding
Vinyl: 1
Other: 1
Sale Includes
Building and Land: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Floors
Hardwood: 1
Luxury Vinyl Plank: 1
Vinyl: 1
Garage/Parking
Off-Street Parking: 1
On Premise Parking: 1
On-Street Parking: 1
Tenant Expenses
Cooling: 1
Electricity: 1
Owner Expenses
Advertising: 1
Common Area Maintenance: 1
Exterior Maintenance: 1
HVAC Maintenance: 1
Insurance: 1
Lawn Maintenance: 1
Roof Maintenance: 1
Taxes: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Range: 1
Refrigerator: 1
Other Rooms
Foyer: 1
Mstr Bdrm Main Level: 1
Roof
Metal: 1
Exterior Features
Porch - Covered: 1
Misc Features
Walk-in Shower: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Showing
See Agent Instructns: 1
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
Geo Lat: 35.980912
Geo Lon: -83.925048
Status Change Info
Status Change Date: 2025-10-23
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
Listing Office:
Pace Probity Asset Management
IDX
Office Phone: 865-357-1537
Last Updated: January - 22 - 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.
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it may not be used for any purpose other than to identify prospective properties
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