$565,000
PENDING

Estimated payment $3,521/month

Total Views 4,131
-- Bed
-- Bath
3,132 Sq Ft
$180 Price per Sq Ft

Highlights

  • Main Floor Bedroom
  • Zoned Heating and Cooling System
  • Ceiling Fan
  • Balcony
  • Walk-in Shower

About This Home

Attention investors! This income producing property nets approximately $40,000 per year. It has been fully renovated and is ready for its new owner. This 4 Plex is centrally located in the Fountain City community just minutes from Central High school and local restaurants and shopping. Only 5.6 miles from Downtown Knoxville, the brand new Covenant Health Park (Smokies Stadium), University of TN, and Market Square! This location makes for an optimal investment. All four units are 2 bedrooms and 1 bath. All units have also been renovated with fresh paint, new flooring, kitchens, bathrooms and more. Each unit includes it's own hvac and laundry hook ups. Property accommodates ample parking for tenants.

Listing Agent

Taylor DeMario

Keller Williams Realty License #339535 Listed on: 05/01/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,690

Year Built

  • Built in 1967

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3,132 Sq Ft Home
  • Ceiling Fan
  • Laminate Flooring
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-in Shower

Parking

  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking

Additional Features

  • Balcony
  • 0.27 Acre Lot
  • Zoned Heating and Cooling System

Listing and Financial Details

  • The owner pays for water, roof maintenance, lawn maintenance, exterior maintenance, trash collection
  • Assessor Parcel Number 048MB003

Community Details

Overview

  • 4 Units
  • W E Griffith Prop Subdivision

Building Details

  • Net Operating Income $38,742

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,690

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Directions: Get on I-40 E/I-75 N from Bridgewater Rd 2 min (0.4 mi) Follow I-40 E/I-75 N and I-640 E to Old Broadway. Take exit 6 from I-640 E 11 min (11.7 mi) Drive to Jacksboro Pike
  • Prop. Type: Multi-Family
  • Year Built: 1967
  • Lot Size Acres: 0.27
  • Lot Size: 60M X 206 X IRR
  • Subdivision Name: W E Griffith Prop
  • General Property Description:Lot Size SqFt: 11718.0
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Walk-in Shower: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Floors:Laminate: Yes
  • Siding:Brick2: Yes
  • General Property Description:Driveway: shared
  • Roof:Shingle: Yes
  • Property Sub-Type:Four Plex: Yes
  • Miscellaneous:WasherDryer Cnctns: Yes
  • Miscellaneous:Balcony2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Water, Roof Maintenance, Lawn Maintenance, Exterior Maintenance, Trash Collection
  • Flooring: Laminate
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Bedroom Main Level: Yes

Exterior Features

  • Exterior Features: Balcony
  • Construction Type: Brick
  • Roof: Shingle
  • Construction:Frame - Brick: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off-Street Parking, On Premise Parking
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Security: Smoke Detector
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 11718.0
  • Parcel #: 048MB003

Rental Info

  • Tenant Pays: Telephone, Gas, Electricity

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 38742.0

Tax Info

  • Tax Annual Amount: 4690.42

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,691 $126,440 $0 $0
2023 $4,691 $126,440 $0 $0
2022 $4,691 $126,440 $0 $0
2021 $3,071 $67,000 $0 $0
2020 $3,071 $67,000 $0 $0
2019 $3,071 $67,000 $0 $0
2018 $3,071 $67,000 $0 $0
2017 $3,071 $41,875 $0 $0
2016 $3,225 $0 $0 $0
2015 $3,225 $0 $0 $0
2014 $3,225 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Pending -- -- --
05/01/2025 05/01/25 For Sale $565,000 +38.1% $180 / Sq Ft
06/29/2022 06/29/22 Sold $409,000 -8.9% $131 / Sq Ft
03/25/2022 03/25/22 For Sale $449,000 +44.0% $143 / Sq Ft
10/13/2021 10/13/21 Sold $311,800 +304.9% $100 / Sq Ft
03/26/2012 03/26/12 Sold $77,000 -- $25 / Sq Ft
Source: East Tennessee REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $409,000 None Listed On Document
Warranty Deed $311,800 None Available
Warranty Deed $77,000 None Available
Warranty Deed $161,225 None Available
Warranty Deed $115,500 Title Services Inc
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- Tennessee Title & Abstract
Quit Claim Deed -- --
Warranty Deed $100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $306,750 Credit Line Revolving
Previous Owner $83,726 Future Advance Clause Open End Mortgage
Previous Owner $87,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $145,000 Purchase Money Mortgage
Previous Owner $103,950 Fannie Mae Freddie Mac
Source: Public Records

Source: East Tennessee REALTORS® MLS

MLS Number: 1299421

East Tennessee REALTORS® MLS

APN: 048MB-003