1412 Armstrong Ave Knoxville, TN 37917
7,444 SqFt
UPDATED:
02/27/2025 11:06 PM
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
Originating Board East Tennessee REALTORS® MLS
Year Built 1920
Lot Dimensions 120x185
Property Description
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
Furnishings true
Heat Source Central, Natural Gas, Electric
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
Garage No
Building
Faces Use GPS to get toe 1412 Armstrong Ave
Structure Type Block,Frame
Others
Tax ID 081LE027
Energy Description Electric, Gas(Natural)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional