Active

1412 Armstrong Ave

Knoxville TN, 37917

$2,160,000


$290.17 per sqft

Active

7,444 sqft

Multi-family

Built in 1920

Premier Multi-Family Investment Opportunity - 1412 & 1418 Armstrong Ave, Knoxville, TN
Unlock the potential of two prime multi-family properties at 1412 & 1418 Armstrong Avenue, offering a versatile income stream with a mix of long-term and short-term rental units in a sought-after Knoxville location.

Property Breakdown:
1412 Armstrong Ave - Established 8-Unit Apartment Building
Fully occupied 8-unit building consisting of all one-bedroom, one-bath units
Strong rental history with reliable cash flow and consistent tenant demand
Classic charm with modern upgrades, providing an attractive option for long-term tenants
1418 Armstrong Ave - Profitable Short-Term Rental Property
4-unit building operating as a high-yield short-term rental
(2) Three-bedroom, one-bath townhome-style units, rented by the room for maximum revenue
(2) One-bedroom, one-bath units, ideal for individual short-term guests
8 total rentable units available for nightly stays, catering to Knoxville's growing tourism and business traveler market
Investment Highlights:
Diverse rental strategy: Stable long-term tenants at 1412 Armstrong, high-yield short-term rental flexibility at 1418 Armstrong
High-demand location: Close to downtown Knoxville, UT campus, and major attractions, ensuring steady occupancy
Turnkey income potential: Fully operational with strong rental performance across both properties
This unique investment package combines passive long-term rental income with high-profit short-term rental potential, creating a balanced, high-earning asset in Knoxville's thriving rental market.

📞 Contact us today to explore this exceptional multi-family opportunity!

1291376

MLS ID

February 27, 2025

Listed

February 27, 2025

Updated

Interior Features

Floor Description

Hardwood, Vinyl, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Cooling


Heating

Yes


Heating Description

Central, Natural Gas, Electric

Exterior/Building Features

Other Property Details

Area Name

Knox County - 1


Garage

No


Parking

On-Street Parking, Off-Street Parking, On Premise Parking


View

No


County

Knox County - 1


Pool

No

 

Courtesy of Capstone Realty Group, Chris Sibley

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor The Blankinship Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 Knoxville Area Association of REALTORS. All rights reserved.

Data last updated 11:38 PM UTC, 2/27/2025

 

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