2550 E 5th Ave, Knoxville, TN 37914
New Listing
$449,000
Property Type:
Single Family
Bedrooms:
6
Square Footage:
3,600
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$449,000
List Date:
6/30/2026
Last Modified:
6/30/2026
Overview
Description
...
(Read more)
Discover a fantastic investment opportunity or owner-occupant property at 2550 E Fifth Ave in Knoxville. This well-maintained duplex offers two separate units, providing flexibility for rental income, multigenerational living, or house hacking.
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.
Listing Details MLS# 1345926
Location Tax Legal Info
- House #
- 2550
- St Dir
- E
- Street Name
- 5th
- St Suffix
- Ave
- State/Province
- TN
- Zip Code
- 37914
- PIN #
- 082JK016
Contract Info
- Auction Y/N
- No
- Listing Price
- 449000
General Property Description
- Type
- 2 Story Basement
- Acres
- 0.14
- Acre Source
- Estimated
- Site Built
- Yes
- Restrictions
- No
- SqFt - Total (Aprox)
- 3600
- SqFt - Main Lvl
- 1200
- SqFt - Down Lvl
- 1200
- SqFt - 2nd Flr Lvl
- 1200
- # Bedrooms
- 6
- Baths - Full
- 4
- Baths - 1/2
- 2
- # of Rooms
- 16
- Fireplace
- Yes
- # Fireplace
- 2
- Property Status
- N/A
- HOA
- No
- Year Built
- 1920
- Bonus Room
- No
- SqFt - 3rd Flr Lvl
- 0
- Basement
- Yes
Status Change Info
- Status Change Date
- 2026-06-30
Location, Tax & Legal Info
- Area
- Knox County - 1
- Property Sub-Type
- Residential
- City/County Code
- City Limits
- Total Tax
- 4559.04
Remarks & Misc
- Directions
- Corner of Cherry St and E 5th Ave
- Public Remarks
- Discover a fantastic investment opportunity or owner-occupant property at 2550 E Fifth Ave in Knoxville. This well-maintained duplex offers two separate units, providing flexibility for rental income, multigenerational living, or house hacking. 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.
More Information
Fencing
- Fenced Yard
- Yes
Atchd/Dtchd Type
- Detached
- Yes
Style
- Historic
- Yes
Construction
- Frame - Brick
- Yes
Siding
- Brick
- Yes
Fireplace
- Brick
- Yes
- Ventless
- Yes
- Gas
- Yes
Cooling
- Central Cooling
- Yes
- Zoned
- Yes
Floors
- Hardwood
- Yes
- Tile
- Yes
Garage/Parking
- Designated Parking
- Yes
- Off-Street Parking
- Yes
- On-Street Parking
- Yes
Basement
- Partially Finished
- Yes
- Slab
- Yes
Lot Description
- Corner Lot
- Yes
Fuel
- Electric
- Yes
- Gas (Natural)
- Yes
Heat
- Heat Pump
- Yes
- Zoned
- Yes
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Gas Range
- Yes
- Microwave
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Smoke Detector
- Yes
- Washer
- Yes
Exterior Features
- Deck
- Yes
- Porch - Covered
- Yes
- Windows - Wood
- Yes
Misc Features
- Internet Available
- Yes
- Kitchen Island
- Yes
- Walk-in Shower
- Yes
- Washer/Dryer Connect
- Yes
- Wired for Internet
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public
- Yes
New Financing
- Call Listing Agent
- Yes
- Cash
- Yes
- Conventional
- Yes
- Exchange
- Yes
- FHA
- Yes
- New Loan
- Yes
- THDA
- Yes
- VA Loan
- Yes
- Other
- Yes
Property Features
Style:
Historic
Construction:
Frame - Brick
Siding:
Brick
Basement:
Partially Finished; Slab
Lot Description:
Corner Lot
Fireplace:
Brick; Ventless; Gas
Floors:
Hardwood; Tile
Fuel:
Electric; Gas (Natural)
Heat:
Heat Pump; Zoned
Cooling:
Central Cooling; Zoned
Appliances:
Dishwasher; Dryer; Gas Range; Microwave; Range; Refrigerator; Smoke Detector; Washer
Sewer:
Public Sewer
Water:
Public
Misc Features:
Internet Available; Kitchen Island; Walk-in Shower; Washer/Dryer Connect; Wired for Internet
Exterior Features:
Deck; Porch - Covered; Windows - Wood
Fencing:
Fenced Yard
New Financing:
Call Listing Agent; Cash; Conventional; Exchange; FHA; New Loan; THDA; VA Loan; Other
IDX
Listing Office:
United Real Estate Solutions
Last Updated: June - 30 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use,
it may not be used for any purpose other than to identify prospective properties
consumers may be interested in purchasing, and that the data is deemed reliable but
is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.