412 Watagua Drive Drive, Knoxville, TN 37918
New Listing
$1,200,000
Property Type:
Multi-Family
Status:
Active
Current Price:
$1,200,000
List Date:
12/09/2025
Last Modified:
12/10/2025
Description
SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes.
Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside.
The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance.
Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed.
With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market.
This property is part of a 129 Unit portfolio that can be purchased together.
More Information MLS# 1323862
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: City Limits
Total Tax: 3921.79
Contract Info
Auction Y/N: No
Listing Price: 1200000
Current Price: $1,200,000
Status: Active
Listing Date: 2025-12-09
General Property Description
Lot Dimensions: 100 X 250
Utilities/Mo Avg: 641
Property Status: N/A
Driveway: Paved
Number of Units: 9
Year Built: 1969
Remarks & Misc
Directions: Follow King St NW and Emory Pl to N Broadway, Turn right onto N Broadway, Take Garden Dr to Watauga Dr
Public Remarks: SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes.
Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside.
The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance.
Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed.
With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market.
This property is part of a 129 Unit portfolio that can be purchased together.
Property Sub-Type
Apartment: 1
Construction
Other: 1
Type of Units
1 Bedroom Unit: 1
3 or more Bdrm Units: 1
Sale Includes
Other: 1
Cooling
Central Cooling: 1
Floors
Hardwood: 1
Garage/Parking
On Premise Parking: 1
Fuel
Electric: 1
Heat
Central: 1
Other Rooms
Other: 1
Roof
Shingle: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
Street Name: 412 Watagua Drive
St Suffix: Drive
State/Province: TN
Zip Code: 37918
PIN #: 111464
Geo Lat: 36.044858
Geo Lon: -83.924342
Status Change Info
Status Change Date: 2025-12-09
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 3 or more Bdrm Units
Sale Includes: Other
Floors: Hardwood
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Construction: Other
Roof: Shingle
Other Rooms: Other
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
Listing Office:
SVN I Wood Properties
IDX
Office Phone: 865-936-9999
Last Updated: December - 10 - 2025
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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