2359 E 5th Ave, Knoxville, TN 37917
$475,000
Property Type:
Multi-Family
Square Footage:
2,000
Status:
Pending - Continue to Show - Inspection
Current Price:
$475,000
List Date:
6/20/2026
Last Modified:
6/27/2026
Overview
Description
Listing Details MLS# 1345397
Location Tax Legal Info
- House #
- 2359
- St Dir
- E
- Street Name
- 5th
- St Suffix
- Ave
- State/Province
- TN
- Zip Code
- 37917
- PIN #
- 082JS015
Contract Info
- Auction Y/N
- No
- Listing Price
- 475000
General Property Description
- SqFt - Total (Aprox)
- 2000
- Lot Dimensions
- 50 X 145
- Number of Units
- 4
- # Units Leased
- Yes
- Utilities/Mo Avg
- 8
- Year Built
- 1960
- Property Status
- N/A
- Restrictions
- Yes
- Driveway
- Off-Street parking
Status Change Info
- Status Change Date
- 2026-06-27
- Under Contract Date
- 2026-06-27
Location, Tax & Legal Info
- Area
- Knox County - 1
- Community
- Parkridge
- City/County Code
- City Limits
- Elementary School
- Sarah M Greene/Magnet
- Middle School
- Vine/Magnet
- Total Tax
- 2973.62
- High School
- Austin East/Magnet
Remarks & Misc
- Directions
- Broadway SW - Turn right onto E 5th Ave/W Fifth Ave - Continue onto E Magnolia Ave - Turn left onto Spruce St - Turn left onto E 5th Ave - Destination will be on the right.
- Public Remarks
- Charming income producing apartment building featuring four one-bedroom, one-bathroom units in the popular Historic Parkridge neighborhood. Great proximity to E Magnolia Avenue commercial area, Downtown Knoxville, and the bus line. Plenty of off-street Parking on premises as well as covered garage bays that could be converted to storage units for additional income or higher rent. Membrane roof installed 2020 with 20 year warranty. These units have been updated and three are ready for immediate occupancy, one currently leased month to month. Electric, water, and sewer are metered separately for all 4 units. This building is in very good condition and provides opportunity for improvements to increase rental rates over time. Great investment opportunity in growing area.
More Information
Income/Expenses
- Gross Annual Income
- 38800
Property Sub-Type
- Four Plex
- Yes
Construction
- Block
- Yes
- Frame - Brick
- Yes
Type of Units
- 1 Bedroom Unit
- Yes
- Unfurnished
- Yes
Siding
- Brick
- Yes
Sale Includes
- No Furnishings
- Yes
Miscellaneous
- Storage Space
- Yes
- Utility Room
- Yes
Cooling
- Wall Cooling
- Yes
Floors
- Hardwood
- Yes
- Tile
- Yes
Garage/Parking
- Garage Spaces
- 3
- Attached
- Yes
- Off-Street Parking
- Yes
- On-Street Parking
- Yes
- Shared Garages
- Yes
Tenant Expenses
- Tenant Pays All Util
- Yes
Owner Expenses
- Lawn Maintenance
- Yes
- Other
- Yes
Fuel
- Electric
- Yes
Heat
- Other
- Yes
Appliances
- Range
- Yes
- Refrigerator
- Yes
- Smoke Detector
- Yes
Other Rooms
- Other
- Yes
Roof
- Other
- Yes
- See Remarks
- Yes
Exterior Features
- Doors - Storm
- Yes
- Porch - Covered
- Yes
- Windows - Dble Pane
- Yes
Misc Features
- Walk-In Closet(s)
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- USDA Loan
- Yes
- VA Loan
- Yes
- Other
- Yes
Showing
- See Agent Instructns
- Yes
Property Features
Property Sub-Type:
Four Plex
Type of Units:
1 Bedroom Unit; Unfurnished
Sale Includes:
No Furnishings
Floors:
Hardwood; Tile
Tenant Expenses:
Tenant Pays All Util
Owner Expenses:
Lawn Maintenance; Other
Fuel:
Electric
Heat:
Other
Cooling:
Wall Cooling
Appliances:
Range; Refrigerator; Smoke Detector
Construction:
Block; Frame - Brick
Roof:
Other; See Remarks
Siding:
Brick
Exterior Features:
Doors - Storm; Porch - Covered; Windows - Dble Pane
Misc Features:
Walk-In Closet(s)
Other Rooms:
Other
Miscellaneous:
Storage Space; Utility Room
New Financing:
Cash; Conventional; FHA; USDA Loan; VA Loan; Other
Showing:
See Agent Instructns
IDX
Listing Office:
Realty Executives South
Last Updated: June - 27 - 2026
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