2550 5th Ave Knoxville, TN 37914
6 Beds
6 Baths
3,600 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $124
MLS Listing ID 1345926
Style Historic
Bedrooms 6
Full Baths 4
Half Baths 2
Year Built 1920
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
Ideally located just minutes from Downtown Knoxville and the University of Tennessee, the property sits directly across the street from the future River & Rail Theatre, a transformative arts and entertainment destination, and is surrounded by several major residential and commercial developments driving investment throughout the rapidly evolving East Knoxville corridor. Positioned in one of Knoxville's fastest-growing emerging neighborhoods, this location offers exceptional long-term appreciation potential while providing convenient access to downtown amenities, restaurants, breweries, parks, and major employers.
The property has enjoyed consistent full occupancy since its complete renovation in 2020, demonstrating strong rental demand and a proven history of reliable income. Following this successful rental history, one unit has recently become vacant and is available for immediate showings, providing a rare opportunity for an owner-occupant to move in right away or for an investor to lease the unit at today's market rates. The second unit remains occupied, offering immediate rental income from day one.
Whether you're expanding your investment portfolio or looking for a property that helps offset your mortgage, this duplex presents an exceptional opportunity in one of Knoxville's most exciting up-and-coming neighborhoods.
Priced to sell and ready for its next owner, this is an excellent opportunity to secure an income-producing property at an attractive value. The seller is motivated and welcomes serious offers. Don't miss your chance to invest in one of Knoxville's fastest-growing areas before values continue to rise.
Location
State TN
County Knox County - 1
Area 0.14
Rooms
Basement Partially Finished, Slab
Interior
Interior Features Kitchen Island
Heating Heat Pump, Natural Gas, Zoned, Electric
Cooling Central Cooling, Zoned
Flooring Hardwood, Tile
Fireplaces Number 2
Fireplaces Type Gas, Brick, Ventless
Fireplace Yes
Window Features Windows - Wood
Appliance Gas Range, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Heat Source Heat Pump, Natural Gas, Zoned, Electric
Exterior
Exterior Feature Deck, Porch - Covered, Windows - Wood
Parking Features On-Street Parking, Off-Street Parking, Designated Parking
Garage Description On-Street Parking, Off-Street Parking, Designated Parking
Garage No
Building
Lot Description Corner Lot
Faces Corner of Cherry St and E 5th Ave
Sewer Public Sewer
Water Public
Architectural Style Historic
Structure Type Brick
Others
Restrictions No
Tax ID 082JK016
Security Features Smoke Detector
Energy Description Electric, Gas(Natural)
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