1412-1418 Armstrong Ave
Knoxville, TN 37917 · Knox County
$1,549,950
$50,000 price cut · Oct 15
- Sq ft
- 8,514
- Built
- 1920
Listing courtesy of Pace Probity Asset Management · MLS #1343469
Description
Outstanding investment opportunity--two multi-unit properties offered together at 1412 & 1418 Armstrong Ave on one deeded lot in Knoxville's desirable Old North area. Featuring 12 total units across two buildings. Zones RN4. One unit could be STR if owner occupied purchase otherwise all units would need to be 30 day minimum rentals.
We cleaned up the tenant roster and working on filling vacancies or you can get in now and choose your own!
1418 Armstrong Ave includes four fully furnished units.. Two feature 3 bedrooms and 1½ baths with full kitchens and shared HVAC; two are 1-bedroom, 1-bath units with private HVAC systems, ideal for traveling professionals or flexible leasing options (30 days or more required).
1412 Armstrong Ave consists of eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility adds convenience and appeal for residents.
Positioned on a quiet dead-end street just minutes from downtown Knoxville, the University of Tennessee, and major attractions, this property offers strong possibilites and potential for multiple income streams. Whether managed as long-term housing, short-term rentals (30 days or more), or a hybrid model, it's a turn-key addition for any investor seeking cash flow and appreciation in one of Knoxville's fastest-growing rental markets.
Property built before 1978 may have lead based paint. Buyer to verify all information independently.
Details
Home
- Type
- Residential Income
- Year built
- 1920
- Living area
- 8,514 sq ft
- Parking
- On Premise Parking, Off Street, On Street
Interior
- Rooms
- Mstr Bdrm Main Level
- Flooring
- Carpet, Hardwood, Laminate
- Appliances
- Refrigerator, Range, Dishwasher, Microwave, Washer, Dryer, Self Cleaning Oven
- Also
- Walk-in Shower, Washer/Dryer Connect, Internet Available
Exterior
- Construction
- Block, Frame, Brick, Aluminum Siding, Cement Siding, Fiber Cement
- Porch & patio
- Porch - Covered
Utilities
- Heating
- Central, Electric, Natural Gas
Listing
- MLS #
- 1343469
- Status
- Active
- On market
- 146 days
- Listed
- Jun 4, 2026
Finances
- Property tax
- City + county
- Inside city limits
- HOA
- None
- No association dues
- Price per sq ft
- $182
- 8,514 sq ft
Price history
- Oct 15, 2026
- Price cut
- $1,549,950 −$50,000
- Before
- Listed
- $1,599,950
Accepted
- Cash
- Conventional
- New Loan
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Location
- County
- Knox
- ZIP
- 37917
Drive times
- downtown Knoxville 10 min
- UT Medical Center 15 min
- McGhee Tyson Airport 25 min
- Pellissippi State 25 min
- Turkey Creek 25 min
- Maryville 30 min
- Douglas Lake 45 min
- Lenoir City 45 min
- ORNL 45 min
- Sevierville 45 min
- LaFollette 60 min
- Morristown 60 min
- Pigeon Forge 60 min
- Tellico Lake 60 min
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Listing courtesy of Pace Probity Asset Management. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1343469.