5216 Tillery Rd, Knoxville, TN 37912 (MLS# 1350369)

5216 Tillery Rd, Knoxville, TN 37912

New

$775,000

Property Type: Multi-Family Square Footage: 5,000 Lot Size (sq. ft.): 20,342 Status: Active

Current Price: $775,000 List Date: 8/01/2026 Last Modified: 8/01/2026

Overview

Description

Five-unit townhome community offering immediate income and excellent value-add potential in a convenient Knoxville location. Each two-story unit features two bedrooms, one-and-a-half bathrooms, a well-configured main living area, generous closet space, and a dedicated laundry room off of a private rear patio. The property currently generates over $76,000 in annual rental income, with all five tenants now on month-to-month agreements--providing the next owner with flexibility to renovate, reposition, and evaluate future rental rates. Each unit is separately metered, with tenants responsible for all utilities. Additional features include a paved parking lot, backyard space, and a low-maintenance exterior. Built in 1972, the property would benefit from further updating, presenting an opportunity for an investor to improve the long-term performance of the asset. Conveniently located along the city bus line near Victor Ashe Park, downtown Knoxville, the University of Tennessee, and within w ... (Read more)

Listing Details MLS# 1350369

Location Tax Legal Info

House #: 5216
Street Name: Tillery
St Suffix: Rd
State/Province: TN
Zip Code: 37912
PIN #: 080CB025
Subdivision: Clearview Hills Add 2 Pt 8

Contract Info

Auction Y/N: No
Listing Price: 775000

General Property Description

SqFt - Total (Aprox): 5000
Lot Dimensions: 124 X 176.5 X IRR
Lot Size SqFt: 20342
Number of Units: 5
# Units Leased: 5
Year Built: 1972
Property Status: N/A
Restrictions: No
Driveway: Paved Parking
Lease Information: Fully Occupied. All tenants are now on month-to-month.
Utilities/Mo Avg: 0

Status Change Info

Status Change Date: 2026-08-01

Location, Tax & Legal Info

Area: Knox County - 1
City/County Code: City Limits
Elementary School: Norwood
Middle School: Northwest
Total Tax: 4363.98
High School: Powell

Remarks & Misc

Directions: Merchants Drive to Left on Tillery. Townhomes are on the Left. All units are occupied. Please do not disturb the tenants.
Public Remarks: Five-unit townhome community offering immediate income and excellent value-add potential in a convenient Knoxville location. Each two-story unit features two bedrooms, one-and-a-half bathrooms, a well-configured main living area, generous closet space, and a dedicated laundry room off of a private rear patio. The property currently generates over $76,000 in annual rental income, with all five tenants now on month-to-month agreements--providing the next owner with flexibility to renovate, reposition, and evaluate future rental rates. Each unit is separately metered, with tenants responsible for all utilities. Additional features include a paved parking lot, backyard space, and a low-maintenance exterior. Built in 1972, the property would benefit from further updating, presenting an opportunity for an investor to improve the long-term performance of the asset. Conveniently located along the city bus line near Victor Ashe Park, downtown Knoxville, the University of Tennessee, and within walking distance to schools, the library, medical facilities, shopping, and dining. This is a rare opportunity for immediate income, flexible tenancy, and clear value-add in one of Knoxville's most connected locations.

More Information

Income/Expenses

Gross Annual Income: 76200

Property Sub-Type

Apartment: Yes
Five or Six Plex: Yes

Construction

Frame: Yes

Type of Units

2 Bedroom Unit: Yes
Townhouse: Yes

Siding

Stone: Yes
Vinyl: Yes

Sale Includes

Building and Land: Yes

Cooling

Central Cooling: Yes

Floors

Carpet: Yes
Luxury Vinyl Plank: Yes
Vinyl: Yes

Garage/Parking

Off-Street Parking: Yes
On Premise Parking: Yes

Tenant Expenses

Tenant Pays All Util: Yes

Owner Expenses

Common Area Maintenance: Yes
Exterior Maintenance: Yes
Insurance: Yes
Lawn Maintenance: Yes
Taxes: Yes

Fuel

Electric: Yes

Heat

Central: Yes

Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes
Smoke Detector: Yes

Other Rooms

Other: Yes

Roof

Asphalt: Yes

Exterior Features

Patio: Yes
Porch - Covered: Yes

Misc Features

Internet Available: Yes
Walk-In Closet(s): Yes
Washer/Dryer Connect: Yes

New Financing

Cash: Yes
Conventional: Yes

Showing

See Agent Instructns: Yes

Property Features

Property Sub-Type: Apartment; Five or Six Plex Type of Units: 2 Bedroom Unit; Townhouse Sale Includes: Building and Land Floors: Carpet; Luxury Vinyl Plank; Vinyl Tenant Expenses: Tenant Pays All Util Owner Expenses: Common Area Maintenance; Exterior Maintenance; Insurance; Lawn Maintenance; Taxes Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Range; Refrigerator; Smoke Detector Construction: Frame Roof: Asphalt Siding: Stone; Vinyl Exterior Features: Patio; Porch - Covered Misc Features: Internet Available; Walk-In Closet(s); Washer/Dryer Connect Other Rooms: Other New Financing: Cash; Conventional Showing: See Agent Instructns

IDX

Listing Office: Greater Impact Realty

Last Updated: August - 01 - 2026

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