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About This Home

This 4-bedroom, 0-bathroom residential multi family at 7003 Old Clinton Pike in Knoxville, TN is listed for $579,000 ($215 per sqft). Built in 1981, the home offers 2,688 sqft of living space on a 0.40 acres lot.

Agent Description

Turnkey 4-Unit Investment Opportunity in Prime Knoxville Location Well-positioned 4-plex located in the heart of a thriving shopping and dining district. This property features four separate 1-bedroom, 1-bath units, each offering approximately 672 square feet, private entrances, and designated parking.

Two units have been extensively renovated with granite countertops, updated appliances, new flooring, and fresh paint. The remaining two units offer recent updates including new flooring and paint, providing a balanced mix of stabilization and future upside.

Major systems including HVAC and windows have been updated, reducing near-term capital expenditure concerns. Tenants are responsible for all utilities and trash service, contributing to an efficient operating structure. Investment Highlights: - Current gross income: $48,000 annually - Scheduled rent increases bring projected gross income to $50,400.00 starting June 2026.

- Low operating expense structure (annually 6K-7k, including property taxes of $1,375) - Stabilized NOI approximately $37,000+ under conservative underwriting -6%-7%+ return potential for owner-operator Located just minutes from I-75, shopping, dining, healthcare, parks, and schools -- an area that continues to support strong rental demand. Financial summary available upon request.

Key Features

  • Built in 1981
  • 0.40 acre lot

Property Details

4 full
1981

Amenities

A/C

Monthly Cost Estimate

$3,097/mo

20% down · 6.5% · 30 years

Principal$419
Interest$2,509
Insurance$169

Estimates only. Actual payments may vary.

Location

7003 Old Clinton Pike

Knoxville, TN 37921

Features & Amenities

Exterior Features

Windows - Vinyl

Property Details

Flooring

TileCarpetLaminate

Construction

Cedar Block Frame

Heating

Heat Pump (Heating)Electric (Heating)Central

Cooling

Central Air

Appliances

DryerMicrowaveRangeRefrigeratorSelf Cleaning OvenWasher

Questions & Answers

This 4-bedroom, 0-bathroom residential multi family at 7003 Old Clinton Pike is listed at $579,000 ($215/sqft). The estimated monthly payment is $2,509 based on 20% down at 6.5% interest.

Key features include: Built in 1981, 0.40 acre lot. Exterior Features: Windows - Vinyl.

This property is listed by Robin Butler and can be reached at (865) 693-3232 or robinebutler1@gmail.com.

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RB

Robin Butler

Agent at Realty Executives Associates

(865) 693-3232

Listed by Realty Executives Associates

MLS# 1323395· Source: listhub· Updated 128 days ago

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7003 Old Clinton Pike, Knoxville, TN 37921

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