7500 Falling Leaves Circle, Knoxville, TN 37909
New
$489,900
Property Type:
Multi-Family
Square Footage:
4,180
Status:
Active
Current Price:
$489,900
List Date:
3/24/2026
Last Modified:
3/24/2026
Overview
Description
Great investment opportunity in the heart of West Knoxville! This four-unit apartment building offers four spacious units, each featuring 2 bedrooms and 1 full bath. Ideally located just minutes from shopping, dining, and convenient interstate access, this property is perfectly positioned for strong rental demand.
Two of the units have been recently updated, providing value-added potential. All units are currently rented, offering immediate income for the new owner. The building also features a durable metal roof for added peace of mind.
Whether you're looking to expand your portfolio or secure a solid income-producing property, this multi-family investment checks all the boxes! This property is being sold as is.
Listing Details MLS# 1333855
Location Tax Legal Info
- House #
- 7500
- Street Name
- Falling Leaves
- St Suffix
- Circle
- State/Province
- TN
- Zip Code
- 37909
- PIN #
- 106JA02401
- Subdivision
- Falling Leaves Sub
Contract Info
- Auction Y/N
- No
- Listing Price
- 489900
General Property Description
- SqFt - Total (Aprox)
- 4180
- Lot Dimensions
- 89M X 162 X IRR
- Number of Units
- 4
- Utilities/Mo Avg
- 150
- Year Built
- 1976
- Property Status
- N/A
- Driveway
- yes
- Lease Information
- All four units are leased and are good tennants.
Status Change Info
- Status Change Date
- 2026-03-24
Location, Tax & Legal Info
- Area
- Knox County - 1
- City/County Code
- City Limits
- Total Tax
- 5277.57
Remarks & Misc
- Directions
- Take I-40 to Exit 380 (West Hills / Morrell Road) Turn north onto Morrell Rd Drive about 0.5-1 mile Turn left onto Gleason Drive Continue straight, then turn right onto Falling Leaves Circle Follow the road to 7500 Falling Leaves Circle
- Public Remarks
- Great investment opportunity in the heart of West Knoxville! This four-unit apartment building offers four spacious units, each featuring 2 bedrooms and 1 full bath. Ideally located just minutes from shopping, dining, and convenient interstate access, this property is perfectly positioned for strong rental demand. Two of the units have been recently updated, providing value-added potential. All units are currently rented, offering immediate income for the new owner. The building also features a durable metal roof for added peace of mind. Whether you're looking to expand your portfolio or secure a solid income-producing property, this multi-family investment checks all the boxes! This property is being sold as is.
More Information
Income/Expenses
- Gross Annual Income
- 48000
Property Sub-Type
- Four Plex
- Yes
Construction
- Frame
- Yes
Type of Units
- 2 Bedroom Unit
- Yes
- Unfurnished
- Yes
Siding
- Fiber Cement
- Yes
- Vinyl
- Yes
Sale Includes
- Building and Land
- Yes
Miscellaneous
- No Pets
- Yes
- Storage Space
- Yes
- Washer/Dryer Cnctns
- Yes
Cooling
- Central Cooling
- Yes
Floors
- Carpet
- Yes
- Laminate
- Yes
Garage/Parking
- Off-Street Parking
- Yes
Tenant Expenses
- Cooling
- Yes
- Electricity
- Yes
- Heating
- Yes
- Tenant Pays All Util
- Yes
Owner Expenses
- Common Area Maintenance
- Yes
- Exterior Maintenance
- Yes
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Lawn Maintenance
- Yes
- Taxes
- Yes
Fuel
- Electric
- Yes
Heat
- Central
- Yes
- Heat Pump
- Yes
Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Self Cleaning Oven
- Yes
Other Rooms
- Family Room
- Yes
Roof
- Metal
- Yes
Exterior Features
- Windows - Insulated
- Yes
Misc Features
- Internet Available
- Yes
- Washer/Dryer Connect
- Yes
- Wired for Internet
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- Exchange
- Yes
- FHA
- Yes
- New Loan
- Yes
Showing
- See Agent Instructns
- Yes
Property Features
Property Sub-Type:
Four Plex
Type of Units:
2 Bedroom Unit; Unfurnished
Sale Includes:
Building and Land
Floors:
Carpet; Laminate
Tenant Expenses:
Electricity; Tenant Pays All Util
Owner Expenses:
Common Area Maintenance; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Taxes
Fuel:
Electric
Heat:
Central; Heat Pump
Cooling:
Central Cooling
Appliances:
Dishwasher; Disposal; Microwave; Range; Refrigerator; Self Cleaning Oven
Construction:
Frame
Roof:
Metal
Siding:
Fiber Cement; Vinyl
Exterior Features:
Windows - Insulated
Misc Features:
Internet Available; Washer/Dryer Connect; Wired for Internet
Other Rooms:
Family Room
Miscellaneous:
No Pets; Storage Space; Washer/Dryer Cnctns
New Financing:
Cash; Conventional; Exchange; FHA; New Loan
Showing:
See Agent Instructns
Listing Office:
Honors Real Estate Services LLC
IDX
Office Phone: 865-238-0002
Last Updated: March - 24 - 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
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