Knoxville, TN 37917
New
$1,899,950



























































Property Type:
Multi-Family
Square Footage:
8,514
Status:
Active
Current Price:
$1,899,950
List Date:
10/22/2025
Last Modified:
10/22/2025
Description
Outstanding investment opportunity—two multi-unit properties offered together at 1412 & 1418 Armstrong Ave on one deeded lot in Knoxville's desirable Old North area. Featuring 12 total units across two buildings, this versatile package delivers both steady long-term income and high-return short-term rental potential.
We cleaned up the tenant roster and working on filling vacancies or you can get in now and choose your own!
1418 Armstrong Ave includes four fully furnished units—ready to operate immediately as Airbnb or other short-term rentals. Two feature 3 bedrooms and 1½ baths with full kitchens and shared HVAC; two are 1-bedroom, 1-bath units with private HVAC systems, ideal for traveling professionals or flexible leasing options.
1412 Armstrong Ave consists of eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility adds convenience and appeal for residents.
Positioned on a quiet dead-end street just minutes from downtown Knoxville, the University of Tennessee, and major attractions, this property offers strong possibilites and potential for multiple income streams. Whether managed as long-term housing, short-term rentals, or a hybrid model, it's a turn-key addition for any investor seeking cash flow and appreciation in one of Knoxville's fastest-growing rental markets.
Property built before 1978 may have lead based paint.
Buyer to verify all information independently.
More Information MLS# 1319055
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: City Limits
Total Tax: 15580.32
Contract Info
Auction Y/N: No
Listing Price: 1899950
Current Price: $1,899,950
Status: Active
Listing Date: 2025-10-17
General Property Description
Lot Dimensions: 119.71 x 185.01
# Units Leased: 4
Utilities/Mo Avg: 965
Property Status: N/A
Driveway: With Parking Lot
SqFt - Total (Aprox): 8514
Number of Units: 12
Year Built: 1920
Remarks & Misc
Directions: Broadway SW (US-441) for 1.6 mi. Turn left onto Kenyon St NE, then go 433 ft. Turn right onto Armstrong Ave NE. Go 0.1 mi to property on left at 1412 Armstrong Ave NE, Knoxville, TN 37917.
Public Remarks: Outstanding investment opportunity—two multi-unit properties offered together at 1412 & 1418 Armstrong Ave on one deeded lot in Knoxville's desirable Old North area. Featuring 12 total units across two buildings, this versatile package delivers both steady long-term income and high-return short-term rental potential.
We cleaned up the tenant roster and working on filling vacancies or you can get in now and choose your own!
1418 Armstrong Ave includes four fully furnished units—ready to operate immediately as Airbnb or other short-term rentals. Two feature 3 bedrooms and 1½ baths with full kitchens and shared HVAC; two are 1-bedroom, 1-bath units with private HVAC systems, ideal for traveling professionals or flexible leasing options.
1412 Armstrong Ave consists of eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility adds convenience and appeal for residents.
Positioned on a quiet dead-end street just minutes from downtown Knoxville, the University of Tennessee, and major attractions, this property offers strong possibilites and potential for multiple income streams. Whether managed as long-term housing, short-term rentals, or a hybrid model, it's a turn-key addition for any investor seeking cash flow and appreciation in one of Knoxville's fastest-growing rental markets.
Property built before 1978 may have lead based paint.
Buyer to verify all information independently.
Property Sub-Type
House Converted: 1
Construction
Block: 1
Frame: 1
Frame - Brick: 1
Type of Units
1 Bedroom Unit: 1
3 or more Bdrm Units: 1
Siding
Aluminum Siding: 1
Cement: 1
Fiber Cement: 1
Sale Includes
Building and Land: 1
Some Furnishings: 1
Miscellaneous
Coin Laundry: 1
No Pets: 1
Storage Space: 1
TV Cable Available: 1
Utility Room: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Hardwood: 1
Laminate: 1
Garage/Parking
Off-Street Parking: 1
On Premise Parking: 1
On-Street Parking: 1
Tenant Expenses
Cooling: 1
Electricity: 1
Gas: 1
Heating: 1
Sewer: 1
Water: 1
Owner Expenses
Advertising: 1
Common Area Maintenance: 1
Electricity: 1
Exterior Maintenance: 1
Gas: 1
HVAC Maintenance: 1
Insurance: 1
Janitorial Service: 1
Lawn Maintenance: 1
Sewer: 1
Taxes: 1
Water: 1
Fuel
Electric: 1
Gas (Natural): 1
Heat
Central: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Other Rooms
Mstr Bdrm Main Level: 1
Roof
Shingle: 1
Exterior Features
Porch - Covered: 1
Misc Features
Internet Available: 1
Walk-in Shower: 1
Washer/Dryer Connect: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
State/Province: TN
Zip Code: 37917
PIN #: 081LE027
Status Change Info
Status Change Date: 2025-10-22
Property Features
Property Sub-Type: House Converted
Type of Units: 1 Bedroom Unit; 3 or more Bdrm Units
Sale Includes: Building and Land; Some Furnishings
Floors: Carpet; Hardwood; Laminate
Tenant Expenses: Electricity; Gas; Sewer; Water
Owner Expenses: Advertising; Common Area Maintenance; Electricity; Exterior Maintenance; Gas; HVAC Maintenance; Insurance; Janitorial Service; Lawn Maintenance; Sewer; Taxes; Water
Fuel: Electric; Gas (Natural)
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Washer
Construction: Block; Frame; Frame - Brick
Roof: Shingle
Siding: Aluminum Siding; Cement; Fiber Cement
Exterior Features: Porch - Covered
Misc Features: Internet Available; Walk-in Shower; Washer/Dryer Connect
Other Rooms: Mstr Bdrm Main Level
Miscellaneous: Coin Laundry; No Pets; Storage Space; TV Cable Available; Utility Room
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
Listing Office: Pace Probity Asset Management
Office Phone: 865-357-1537
Last Updated: October - 22 - 2025
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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