BJ Can Help You Purchase This Unit

Thank you for choosing BJ Swinehart! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!

3206 E Magnolia Ave, Knoxville, 37914

Priced At: $275,000

Property Details for ID: 1345431



SqFt: 0
Price SqFt: n/a
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-07-24T19:16:16Z
Subdivision: Lake Park Spgs Add

Public Remarks: This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one. What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.

Schools Information

Elementary School: Spring Hill
Middle / Junior School: Vine/Magnet
High School: Austin East/Magnet

Building Description

Year Built: 1948
Sub-Type: Four Plex
Sale Includes: Building and Land
Unit Type(s): 1 Bedroom Unit

  Exterior Features

Construction: Frame - Brick

  Appliances

Range

  Room Dimensions

  Interior Features

Floors: Other
Other Rooms: DenStudy

  Property Details

Utilities

Fuel Types: Electric

Financing

Finance Options: Cash, Conventional, FHA, VA Loan

  HOA Information

Restrictions: Yes

Heating & Cooling

Cooling Type(s): Window Unit(s)
Heat Type(s): Space Heater, Other

Garage / Parking

Off-Street Parking

  Community Features

Outbuildings

Presented By: / Young Marketing Group, Realty Executives

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

From I-40 E/I-75 N, continue to follow I-40 E, Use the right lane to take exit 390 for Cherry St, Drive to E Magnolia Ave, Turn right onto N Cherry St, Turn left onto E Magnolia Ave, Destination will be on the right.



Your commute

( Departing today at 8:00am )
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment.  The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment.  I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.

Four Reasons to Use BJ Swinehart

Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!

Knowledge Beyond Sales

From across town to across the country I have the expertise and knowledge to help with any real estate issue.

Prompt Communicator

I will personally answer your calls, emails, text messages and all inquiries with a fast response.

Educated Advocate

Need educated advice and a strong advocate, I will provide advice based on years of experience and advanced education.

Buyers Network

Utilizing the very latest in lead generation and good old fashioned hard work, I already have a network of qualified purchasers looking for the right home or property.



Re/max Preferred Properties is a licensed Tennessee Real Estate Firm. Firm License 209356. Some or all of the Listing Displayed on this Site may not belong to Re/max Preferred Properties. The data relating to real estate for sale on this website is being provided for the consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.