1412 Armstrong Ave new Save Request In-Person Tour Request Virtual Tour
Knoxville,TN 37917
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,444 sqft
Price per Sqft $290
MLS Listing ID 1291376
Year Built 1920
Property Description
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!
Location
State TN
County Knox County - 1
Rooms
Other Rooms Other
Interior
Heating Central,Natural Gas,Electric
Cooling Central Cooling
Flooring Hardwood,Vinyl,Tile
Exterior
Parking Features On-Street Parking,Off-Street Parking,On Premise Parking
Garage Description On-Street Parking, Off-Street Parking, On Premise Parking
Roof Type Shingle
Building
Structure Type Block,Frame
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional