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$260,000
1346324 MLS
Not Just a House -- This Is a Money-Making Investment Opportunity! Exceptional multi-family property zoned for commercial use and ideally located just outside Knoxville's vibrant Happy Holler district. With three income-producing units currently rented month-to-month, this property offers immediate cash flow plus excellent value-add potential. The two first-floor apartments rent for $1,200 per month each, while the upstairs unit rents for $1,000 per month, for a total of $3,400 per month. Tenants are responsible for their own utilities, and each dwelling has its own electric meter. The existing apartments could benefit from repairs, cleaning, and modernization, creating an opportunity for an investor to improve the property and potentially increase future rental income. An additional approximately 450 sq. ft. of unfinished upper-level space offers potential for an additional unit and income stream, subject to applicable zoning, permitting, inspections, and governmental approvals. Additional features include a newer roof, large lot, rear street access, and convenient off-street parking. With its desirable location, existing rental income, commercial zoning, and additional development potential, this is an opportunity for an investor looking to build value and maximize income in a growing Knoxville area.

123 E Springdale Ave, Knoxville

$317,400
2 Beds 3 Baths 1337741 MLS
Welcome to 329 E Morelia Ave, a thoughtfully updated, move-in ready home offering versatility, modern finishes, and an unbeatable Knoxville location. This 2-bedroom, 3-bathroom residence combines stylish upgrades with additional flexible living space--perfect for today's evolving lifestyle needs. Inside, you'll find a refreshed interior featuring new LVP flooring, updated cabinetry, quartz countertops, and a beautifully remodeled bathroom, creating a clean, modern aesthetic throughout. The layout is both functional and inviting, designed for comfortable everyday living and easy entertaining. The property also offers ADU eligibility (with ownership transfer required prior to application), presenting an excellent opportunity for future expansion or income potential. Step outside to an expansive backyard with plenty of room for outdoor enjoyment, gardening, or entertaining, along with the convenience of off-street parking. Located just minutes from downtown Knoxville, this home places you close to everything the city has to offer--from local festivals and farmers markets to cafés, restaurants, and campus life. With its combination of updates, flexibility, and prime location, 329 E Morelia Ave is a standout opportunity for homeowners and investors alike. Buyer to verify all information.

329 E Morelia Ave, Knoxville