1412-1418 Armstrong Ave
1412-1418 Armstrong Ave, Knoxville, TN 37917
$1,599,950
MLS# 1343469
Listing courtesy of Pace Probity Asset Management · Christy CJ Pace
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About this property
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. Zones RN4. One unit could be STR if owner occupied purchase otherwise all units would need to be 30 day minimum rentals. 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.. 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 (30 days or more required). 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 (30 days or more), 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.
MLS #1343469 · East Tennessee REALTORS® MLS
Property facts
- Status
- Active
- Property type
- Multi-Family
- Bedrooms
- —
- Bathrooms
- 0
- Living area
- 8,514 sq ft
- Lot size
- —
- Year built
- 1,920
- County
- Knox County - 1
- Price / sq ft
- $188/sq ft
- Days on market
- 132
- MLS number
- 1343469
- Listing office
- Pace Probity Asset Management
Features
- On-Street Parking
- Off-Street Parking
- On Premise Parking
Location
1412-1418 Armstrong Ave, Knoxville, TN, 37917
Listing data courtesy of East Tennessee REALTORS® MLS
Listing content is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Spring Mountain Realty PLLC. All measurements, acreage, room counts, and permitted uses are approximate and should be independently verified by the buyer.
Properties marketed by brokerages other than Spring Mountain Realty PLLC are identified with the listing office name. Listings that a seller has excluded from internet display are not shown, and addresses are withheld where the seller has requested it.
Spring Mountain Realty PLLC is an Equal Housing Opportunity brokerage. We do not provide guidance on schools, demographics, or the composition of any area. Buyers are encouraged to research those subjects using independent public sources.
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