3014 Forestdale Ave, Knoxville, TN 37917

$3,650,000

Property Type: Multi-Family Status: Active

Current Price: $3,650,000 List Date: 5/22/2026 Last Modified: 5/22/2026

Overview

Description

SVN | Wood Properties is proud to present 3014 Forestdale Ave — a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units. Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income. This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space. With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville's steadil ... (Read more)

Listing Details MLS# 1342047

Location Tax Legal Info

House #: 3014
Street Name: Forestdale
St Suffix: Ave
State/Province: TN
Zip Code: 37917
PIN #: 105952

Contract Info

Auction Y/N: No
Listing Price: 3650000

General Property Description

Lot Dimensions: 145.2 X 600.71 X IRR
Number of Units: 32
Utilities/Mo Avg: 1315
Year Built: 1970
Property Status: N/A
Driveway: Paved

Status Change Info

Status Change Date: 2026-05-22

More Information

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit Sale Includes: Other Floors: Hardwood; Laminate Fuel: Electric Heat: Central Cooling: Central Cooling Construction: Other Roof: Shingle Other Rooms: Other New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns

IDX

Listing Office: SVN I Wood Properties

Last Updated: May - 22 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 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 daily, 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.

3014 Forestdale Ave, Knoxville, TN 37917 (MLS# 1342047)