7003 Old Clinton Pike, Knoxville, TN 37921
$580,000
Property Type:
Multi-Family
Square Footage:
2,688
Lot Size (sq. ft.):
17,424
Status:
Active
Current Price:
$580,000
List Date:
12/03/2025
Last Modified:
2/18/2026
Description
Turnkey 4-Unit Investment Opportunity in Prime Knoxville Location
Well-positioned 4-plex located in the heart of a thriving shopping and dining district. This property features four separate 1-bedroom, 1-bath units, each offering approximately 672 square feet, private entrances, and designated parking.
Two units have been extensively renovated with granite countertops, updated appliances, new flooring, and fresh paint. The remaining two units offer recent updates including new flooring and paint, providing a balanced mix of stabilization and future upside.
Major systems including HVAC and windows have been updated, reducing near-term capital expenditure concerns. Tenants are responsible for all utilities and trash service, contributing to an efficient operating structure.
Investment Highlights:
• Current gross income: $48,000 annually
• Scheduled rent increases bring projected gross income to $50,400.00 starting June 2026.
• Low operating expense structure (annually 6K-7k, including property taxes of $1,375)
• Stabilized NOI approximately $37,000+ under conservative underwriting
•6%-7%+ return potential for owner-operator
Located just minutes from I-75, shopping, dining, healthcare, parks, and schools -- an area that continues to support strong rental demand.
Financial summary available upon request.
More Information MLS# 1323395
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: County
Total Tax: 1374.98
Contract Info
Auction Y/N: No
Listing Price: 580000
Current Price: $580,000
Status: Active
Listing Date: 2025-12-03
General Property Description
Lot Dimensions: 265.44 X 238.7 X Irr
Lot Size SqFt: 17424
# Units Leased: 4
Restrictions: Yes
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: Yes
Lease Information: 4 UNITS 3 UNITS AT 1,000 PER MONTH 1 UNIT AT 900.00 PER MONTH
SqFt - Total (Aprox): 2688
Number of Units: 4
Year Built: 1981
Remarks & Misc
Directions: CLINTON HWY TO 7003 OLD CLINTON PIKE
Public Remarks: Turnkey 4-Unit Investment Opportunity in Prime Knoxville Location
Well-positioned 4-plex located in the heart of a thriving shopping and dining district. This property features four separate 1-bedroom, 1-bath units, each offering approximately 672 square feet, private entrances, and designated parking.
Two units have been extensively renovated with granite countertops, updated appliances, new flooring, and fresh paint. The remaining two units offer recent updates including new flooring and paint, providing a balanced mix of stabilization and future upside.
Major systems including HVAC and windows have been updated, reducing near-term capital expenditure concerns. Tenants are responsible for all utilities and trash service, contributing to an efficient operating structure.
Investment Highlights:
• Current gross income: $48,000 annually
• Scheduled rent increases bring projected gross income to $50,400.00 starting June 2026.
• Low operating expense structure (annually 6K-7k, including property taxes of $1,375)
• Stabilized NOI approximately $37,000+ under conservative underwriting
•6%-7%+ return potential for owner-operator
Located just minutes from I-75, shopping, dining, healthcare, parks, and schools -- an area that continues to support strong rental demand.
Financial summary available upon request.
Income/Expenses
Gross Annual Income: 48000
Annual Oper Expenses: 6115
Property Sub-Type
Four Plex: 1
Construction
Block: 1
Frame: 1
Other: 1
Type of Units
1 Bedroom Unit: 1
Siding
Cedar: 1
Sale Includes
Building and Land: 1
No Furnishings: 1
Miscellaneous
TV Cable Available: 1
Washer/Dryer Cnctns: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Laminate: 1
Tile: 1
Garage/Parking
On Premise Parking: 1
Tenant Expenses
Telephone: 1
Tenant Pays All Util: 1
Trash Collection: 1
Owner Expenses
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
Heat Pump: 1
Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Smoke Detector: 1
Washer: 1
Other Rooms
Bedroom Main Level: 1
Mstr Bdrm Main Level: 1
Roof
Asphalt: 1
Exterior Features
Cable Available (TV Only): 1
Window - Energy Star: 1
Windows - Insulated: 1
Windows - Vinyl: 1
Misc Features
Internet Available: 1
Washer/Dryer Connect: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 7003
Street Name: Old Clinton
St Suffix: Pike
State/Province: TN
Zip Code: 37921
PIN #: 067 19801
Geo Lat: 36.01329
Geo Lon: -84.033687
Status Change Info
Status Change Date: 2025-12-03
IncomeExpenses
Net Operating Income: 42000
Property Features
Property Sub-Type: Four Plex
Type of Units: 1 Bedroom Unit
Sale Includes: Building and Land; No Furnishings
Floors: Carpet; Laminate; Tile
Tenant Expenses: Telephone; Tenant Pays All Util; Trash Collection
Owner Expenses: Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Taxes
Fuel: Electric
Heat: Central; Heat Pump
Cooling: Central Cooling
Appliances: Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer
Construction: Block; Frame; Other
Roof: Asphalt
Siding: Cedar
Exterior Features: Cable Available (TV Only); Window - Energy Star; Windows - Insulated; Windows - Vinyl
Misc Features: Internet Available; Washer/Dryer Connect
Other Rooms: Bedroom Main Level; Mstr Bdrm Main Level
Miscellaneous: TV Cable Available; Washer/Dryer Cnctns
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
Listing Office:
Realty Executives Associates
IDX
Office Phone: 865-693-3232
Last Updated: February - 18 - 2026
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