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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!
123 E Springdale Ave, Knoxville, 37917
Priced At: $259,999
Property Details for ID: 1358523
SqFt: 1,956
Price SqFt: $133
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-10-11T04:30:43Z
Subdivision: Oakwood C B Atkins Add
Public Remarks: THREE UNITS. $3,400 IN MONTHLY RENT. ROOM TO BUILD VALUE! Put your next investment to work just outside Knoxville's vibrant Happy Holler district! This commercially zoned multifamily property combines existing rental income with opportunities to renovate, improve, and explore additional income potential. Two apartments are currently rented month-to-month. The two first-floor units rent for $1,200 each, and the upstairs apartment rents for $1,000--totaling $3,400 per month in gross rental income. Tenants pay their own utilities, and each apartment has a separate electric meter. Bring your vision and capitalize on the opportunity to make improvements! The existing apartments would benefit from repairs, cleaning, and modernization, offering investors a path to enhance the property and potentially increase future rents. Additional square footage in an unfinished upper-level space offers potential for a fourth unit, subject to applicable zoning, permitting, inspections, and governmental approvals. Additional highlights include new water lines installed to the street by the seller. A newer roof, large lot, rear street access, and convenient off-street parking add to the appeal. Existing income, renovation upside, and potential to expand--all near one of Knoxville's lively neighborhood destinations. Schedule your showing and explore the possibilities!
Schools Information
Elementary School: ChristenberryMiddle / Junior School: Whittle Springs
High School: Fulton
Building Description
SqFt (Total): 1,956
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Directions
Keep left at Interstate Highway 40 E/I-40 E toward Knoxville Keep right Take exit 1B on the right onto W Woodland Ave NW toward Oldham Ave Turn right onto W Woodland Ave Turn left onto N Central St Turn right onto E Springdale Ave. 2nd house on left. You have arrived at 123 E Springdale Ave. Your destination is on the left, Sign in yard
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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!