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
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.