Refine Search

123/125 S Chestnut St, Knoxville, TN 37914

$549,900
  • 123/125 S Chestnut St, Knoxville, TN 37914 Main Photo

28 Total Photos [Click to View All]

New to the Market Active
BEDS0 BATHS SQUARE FEET2,428 MLS#1343427
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSTRONG & THOMPSON E END

Property Description

Investment Opportunity or Owner-Occupant Dream in the Heart of Knoxville!Rare opportunity to own a nearly new construction duplex just minutes from Downtown Knoxville and convenient interstate access. Built only three years ago, this property offers modern finishes, strong rental income, and future upside that is difficult to find in today's market.Each unit features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, and a highly desirable floor plan with the primary bedroom located on the main level. The thoughtful design provides comfortable living while minimizing maintenance concerns often associated with older properties.One of the standout features of this duplex is the completely separate parking arrangement. Each unit has its own dedicated driveway located on opposite sides of the property, creating privacy and a single-family home feel that is uncommon among duplex properties.Unit 123 is currently leased for $1,975 per month on a one-year lease expiring in September, providing immediate income for investors. Unit 125 is vacant and ready for its next tenant or owner-occupant, offering flexibility to maximize returns or offset your mortgage with rental income.The property is situated on commercially zoned land, opening the door to numerous future possibilities and long-term value potential. With very few newer construction duplexes available in Knoxville--especially this close to downtown and major highways--this is a unique opportunity to acquire a versatile asset in a growing market.Whether you're looking to house hack, expand your investment portfolio, or secure a property with future development potential, this duplex checks all the boxes.

123/125 S Chestnut St | MLS# 1343427

This multi-family property located at 123/125 S Chestnut St, Knoxville, TN 37914 is currently listed for sale with an asking price of $549,900. Search Knoxville real estate on jmarcum.franklinrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 0.18 Acres

Amenities

Walk-In Closet(s)
Windows - Vinyl

Feature Descriptions

Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
Days on Site: 5
Exterior: Vinyl Siding, Block, Frame
Flooring: Carpet
Lot Dimensions: 53x150
Parcel #: 082NA007
Parking: Off-Street Parking
Security Features: Smoke Detector
SQFT Total: 2428
Units: 2

Local Schools

High School: Austin East/Magnet
Middle School: Vine/Magnet
Elementary School: Sarah M Greene/Magnet

Listed By / Shown By

Listed By

Agency Name: Real Broker

Shown By

Agent Name: Jennifer Marcum
Agent Phone: (865) 748-1059
Agency Title: Franklin Realty Inc.

IDX logo

Estimate Your Payment

Estimated Payment

$ 3,531.86 per month $3,371.47 Principal & Interest $0.00 Property Tax (data not provided by mls) $160.39 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel