1. Tennessee
  2. Knoxville
  3. 1412 Armstrong Ave
$2,076,000

1412 Armstrong Ave, Knoxville, TN 37917

  • 7,444 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $279/sqft
  • Property List Date Icon Listed 4 months ago

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!

Listing Status:
Active
Date Added:
February 27, 2025 at 06:00AM
Listing Office:
Capstone Realty Group : 865-433-4663
MLS ID:
1291376
  • Flooring: HardwoodVinylTile
  • A/C: Central Cooling
  • Heating: CentralNatural GasElectric

This listing courtesy of Capstone Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Christenberry Elementary School

927 Oglewood Ave, Knoxville, TN, 37917

Grades PK-5

0.64 miles away

L

Lincoln Park Technology and Trade Center

535 Chickamauga Ave, Knoxville, TN, 37917

Grades KG-12

1.19 miles away

F

Fulton High School

2509 N Broadway St, Knoxville, TN, 37917

Grades 9-12

0.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.