403 S Gay St 206, Knoxville, TN 37902 (MLS# 1328926)

403 S Gay St 206, Knoxville, TN 37902

$940,000

Lerner Lofts at 403 S Gay St is conveniently located at the corner of Gay St and Wall Ave in the heart of downtown

Hallway to Unit 206 complete with polished concrete floors and plenty of character

Lerner Lofts #206. Generous main entry hall into the unit is flanked by the half bath, laundry area, and staircase to upper floors.

Fantastic architectural details with a soaring 30'10" high dramatic ceiling, stainless steel appliances, hardwood floors, brick wall accents, and a walk-in pantry

Generously sized living area accentuated by hardwood flooring, double windows, a large bookcase, and a 13'2" ceiling.

Generously sized double windows for great city views and plenty of light.

Living room viewed from double windows back towards the kitchen

Main level half bath complete with a custom Sunsphere painting by Megan Lingenfelter and a private laundry area beyond.

Private laundry area beyond main floor half bath

Second floor bedroom or office space with a private full bath and walk in closet

Second floor full bath with walk-in shower

View from the second floor bedroom/office towards the center open staircase with views to the kitchen below

Master Bedroom Suite with a 13' ceiling, private full bathroom with double vanities, and an oversized walk-in closet

Master Bedroom Suite with a 13' ceiling and an open view towards the outside balcony.

Master bath with double vanities and shower/tub combo

Interior stairwell in the dramatic 30'10" ceiling

The catwalk from the Master Suite leads to the private outdoor balcony

Property Type: Single Family Bedrooms: 2 Square Footage: 1,759 Lot Size (sq. ft.): 2,178 Status: Active

Current Price: $940,000 List Date: 2/12/2026 Last Modified: 3/14/2026

Overview

Description

Downtown living in the historic Lerner Loft Building. This striking 2-bedroom, 2.5-bath loft-style condominium offers approximately 1,759 square feet of thoughtfully designed living space across multiple levels, blending timeless historic character with contemporary finishes. Exposed brick walls, architectural beams, cathedral ceilings, hardwood and tile flooring create a dramatic yet inviting atmosphere throughout the open-concept main living area. The well-appointed eat in kitchen features stainless steel appliances, granite countertops, pantry storage, and seamless flow into the living space--ideal for entertaining. A guest bath with attached dedicated laundry/utility room with washer and dryer, along with extra storage, is conveniently located on the main floor. The second-level bedroom, complete with a full bathroom and large closet, provides flexibility for guests or a home office, while the private third-level primary suite includes a large walk-in closet room and walk-in shower with double vanities. Enjoy city and mountain views from the private 230sf rooftop included in the total square footage--perfect for entertaining or unwinding while overlooking vibrant downtown Knoxville. This condo offers a quiet retreat while placing you steps from Market Square, Gay Street, dining, shopping, and entertainment....located directly across from Mast General Store and countless downtown favorites. Architecturally restricted and professionally managed, the mandatory HOA includes exterior maintenance, building insurance, and select amenities. Public, off-street, and nearby garage parking options are available with convenient permit rates and typically free evenings and weekends. A private storage cage is located in the lower level of the building and accessed through the Mail Room door entrance. A rare opportunity to own a distinctive downtown loft that truly captures the energy and lifestyle of Knoxville.

Listing Details MLS# 1328926

Location Tax Legal Info

House #: 403
St Dir: S
Street Name: Gay
St Suffix: St
State/Province: TN
Zip Code: 37902
PIN #: 094LE00200F
Subdivision: Lerner Lofts Condos Unit 6

Contract Info

Auction Y/N: No
Listing Price: 940000
Occupancy: Permanent Residence

General Property Description

Type: 3 Story
Acres: 0.05
Acre Source: Tax Records
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 1759
SqFt - Main Lvl: 799
SqFt - 2nd Flr Lvl: 333
SqFt - 3rd Flr Lvl: 397
# Bedrooms: 2
Baths - Full: 2
Baths - 1/2: Yes
# of Rooms: 4
Fireplace: No
Property Status: N/A
HOA: Mandatory
HOA Fee: 226.79
HOA Freq: Monthly
HOA Contact: Jennifer Joyner 865-544-7003
Position of Unit: north facing windows
Year Built: 1910
Bonus Room: No
SqFt - Down Lvl: 0
# Fireplace: 0
Basement: No

Status Change Info

Status Change Date: 2026-02-12

Location, Tax & Legal Info

Unit #: 206
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Total Tax: 4379.19

Remarks & Misc

Directions: Lerner Lofts is located at the corner of Gay St and Wall Ave. The main entrance is the left door on the Gay St side.
Public Remarks: Downtown living in the historic Lerner Loft Building. This striking 2-bedroom, 2.5-bath loft-style condominium offers approximately 1,759 square feet of thoughtfully designed living space across multiple levels, blending timeless historic character with contemporary finishes. Exposed brick walls, architectural beams, cathedral ceilings, hardwood and tile flooring create a dramatic yet inviting atmosphere throughout the open-concept main living area. The well-appointed eat in kitchen features stainless steel appliances, granite countertops, pantry storage, and seamless flow into the living space--ideal for entertaining. A guest bath with attached dedicated laundry/utility room with washer and dryer, along with extra storage, is conveniently located on the main floor. The second-level bedroom, complete with a full bathroom and large closet, provides flexibility for guests or a home office, while the private third-level primary suite includes a large walk-in closet room and walk-in shower with double vanities. Enjoy city and mountain views from the private 230sf rooftop included in the total square footage--perfect for entertaining or unwinding while overlooking vibrant downtown Knoxville. This condo offers a quiet retreat while placing you steps from Market Square, Gay Street, dining, shopping, and entertainment....located directly across from Mast General Store and countless downtown favorites. Architecturally restricted and professionally managed, the mandatory HOA includes exterior maintenance, building insurance, and select amenities. Public, off-street, and nearby garage parking options are available with convenient permit rates and typically free evenings and weekends. A private storage cage is located in the lower level of the building and accessed through the Mail Room door entrance. A rare opportunity to own a distinctive downtown loft that truly captures the energy and lifestyle of Knoxville.

More Information

Atchd/Dtchd Type

Attached: Yes

Style

Historic: Yes

Construction

Brick: Yes

Siding

Brick: Yes

Fireplace

None: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Hardwood: Yes
Tile: Yes

Garage/Parking

Off-Street Parking: Yes
On-Street Parking: Yes
Other: Yes

Basement

Other: Yes

Lot Description

Corner Lot: Yes
Zero Lot Line: Yes
Other: Yes

Fuel

Electric: Yes

View

City: Yes
Mountain View: Yes

Heat

Central: Yes
Heat Pump: Yes

Community Amenities

Architect Restricted: Yes
Extra Storage: Yes
Security: Yes
Sidewalks: Yes

Dining Area

Eat-in Kitchen: Yes
Kitchen/Dining Rm Co: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes
Smoke Detector: Yes
Washer: Yes

Other Rooms

Extra Storage: Yes
Laundry/Utility: Yes

Exterior Features

Balcony: Yes
Deck: Yes
Windows - Insulated: Yes

Misc Features

Cathedral Ceiling(s): Yes
Internet Available: Yes
Pantry: Yes
Walk-in Shower: Yes
Walk-In Closet(s): Yes
Washer/Dryer Connect: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Association Fee Incl

Association Ins: Yes
Building Exterior: Yes
Security: Yes
Trash: Yes

New Financing

Cash: Yes

Showing

See Agent Instructns: Yes

Property Features

Style: Historic Construction: Brick Siding: Brick Basement: Other Lot Description: Corner Lot; Zero Lot Line; Other View: Mountain View Fireplace: None Floors: Hardwood; Tile Fuel: Electric Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer Sewer: Public Sewer Water: Public Other Rooms: Extra Storage; Laundry/Utility Misc Features: Cathedral Ceiling(s); Internet Available; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect Exterior Features: Balcony; Deck; Windows - Insulated Dining Area: Eat-in Kitchen; Kitchen/Dining Rm Co Community Amenities: Architect Restricted; Extra Storage; Security; Sidewalks Association Fee Incl: Association Ins; Building Exterior; Security; Trash Showing: See Agent Instructns New Financing: Cash

Room Information

Living Room Kitchen Bedroom 2 Master Bedroom Other Other

Listing Office: Alliance Sotheby's International

IDX

Office Phone: 865-357-3232

Last Updated: March - 14 - 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.