7003 Old Clinton Pike, Knoxville, TN 37921
$579,000
Property Type:
Multi-Family
Square Footage:
2,688
Lot Size (sq. ft.):
17,424
Status:
Active
Current Price:
$579,000
List Date:
12/03/2025
Last Modified:
4/02/2026
Overview
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.
Listing Details MLS# 1323395
Location Tax Legal Info
- House #
- 7003
- Street Name
- Old Clinton
- St Suffix
- Pike
- State/Province
- TN
- Zip Code
- 37921
- PIN #
- 067 19801
Contract Info
- Auction Y/N
- No
- Listing Price
- 579000
General Property Description
- SqFt - Total (Aprox)
- 2688
- Lot Dimensions
- 265.44 X 238.7 X Irr
- Lot Size SqFt
- 17424
- Number of Units
- 4
- # Units Leased
- 4
- Year Built
- 1981
- Property Status
- N/A
- Restrictions
- Yes
- Driveway
- Yes
- Lease Information
- 4 UNITS 3 UNITS AT 1,000 PER MONTH 1 UNIT AT 900.00 PER MONTH
- Utilities/Mo Avg
- 0
Status Change Info
- Status Change Date
- 2025-12-03
IncomeExpenses
- Net Operating Income
- 42000
Location, Tax & Legal Info
- Area
- Knox County - 1
- City/County Code
- County
- Total Tax
- 1374.98
More Information
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
- Yes
Construction
- Block
- Yes
- Frame
- Yes
- Other
- Yes
Type of Units
- 1 Bedroom Unit
- Yes
Siding
- Cedar
- Yes
Sale Includes
- Building and Land
- Yes
- No Furnishings
- Yes
Miscellaneous
- TV Cable Available
- Yes
- Washer/Dryer Cnctns
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
- Tile
- Yes
Garage/Parking
- On Premise Parking
- Yes
Tenant Expenses
- Telephone
- Yes
- Tenant Pays All Util
- Yes
- Trash Collection
- Yes
Owner Expenses
- Common Area Maintenance
- Yes
- Exterior Maintenance
- Yes
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Lawn Maintenance
- Yes
- Roof Maintenance
- Yes
- Taxes
- Yes
Fuel
- Electric
- Yes
Heat
- Central
- Yes
- Heat Pump
- Yes
Appliances
- Dryer
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Self Cleaning Oven
- Yes
- Smoke Detector
- Yes
- Washer
- Yes
Other Rooms
- Bedroom Main Level
- Yes
- Mstr Bdrm Main Level
- Yes
Roof
- Asphalt
- Yes
Exterior Features
- Cable Available (TV Only)
- Yes
- Window - Energy Star
- Yes
- Windows - Insulated
- Yes
- Windows - Vinyl
- Yes
Misc Features
- Internet Available
- Yes
- Washer/Dryer Connect
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- New Loan
- Yes
Showing
- See Agent Instructns
- Yes
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: April - 02 - 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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