123/125 S Chestnut St
Knoxville, TN 37914 · STRONG & THOMPSON E END · Knox County
$509,900
$10,000 price cut · Oct 14
- Sq ft
- 2,428
- Acres
- 0.18
- Built
- 2023
Listing courtesy of Real Broker · MLS #1343427
Description
Investment Opportunity or Owner-Occupant Dream in the Heart of Knoxville!
Rare opportunity to own a nearly new construction duplex with 3 bedrooms and 2 bathroom in each unit, just minutes from Downtown Knoxville and convenient interstate access. Built only three years ago, this property offers modern finishes, strong rental income, and future upside that is difficult to find in today's market.
Each unit features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, and a highly desirable floor plan with the primary bedroom located on the main level. The thoughtful design provides comfortable living while minimizing maintenance concerns often associated with older properties.
One of the standout features of this duplex is the completely separate parking arrangement. Each unit has its own dedicated driveway located on opposite sides of the property, creating privacy and a single-family home feel that is uncommon among duplex properties.
Unit 123 is currently leased for $1,975 per month on a one-year lease expiring in September, providing immediate income for investors. Unit 125 is vacant and ready for its next tenant or owner-occupant, offering flexibility to maximize returns or offset your mortgage with rental income.
The property is situated on commercially zoned land, opening the door to numerous future possibilities and long-term value potential. With very few newer construction duplexes available in Knoxville--especially this close to downtown and major highways--this is a unique opportunity to acquire a versatile asset in a growing market.
Whether you're looking to house hack, expand your investment portfolio, or secure a property with future development potential, this duplex checks all the boxes.
Details
Home
- Type
- Residential Income
- Year built
- 2023
- Living area
- 2,428 sq ft
- Parking
- Off Street
Interior
- Rooms
- Bedroom Main Level, Mstr Bdrm Main Level
- Flooring
- Carpet, Luxury Vinyl Plank
- Appliances
- Refrigerator, Range, Dishwasher, Disposal, Microwave, Self Cleaning Oven
- Features
- Walk-In Closet(s)
- Also
- Walk-in Shower, Washer/Dryer Connect, Walk-In Closet(s)
Exterior
- Construction
- Block, Frame, Vinyl Siding
- Fencing
- Chain
Land
- Lot size
- 0.18 acres
Utilities
- Heating
- Central, Electric
Listing
- MLS #
- 1343427
- 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
- $210
- 2,428 sq ft
Price history
- Oct 14, 2026
- Price cut
- $509,900 −$10,000
- Before
- Listed
- $519,900
Accepted
- Cash
- Conventional
- FHA
- VA Loan
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Location
- Neighborhood
- STRONG & THOMPSON E END
- County
- Knox
- ZIP
- 37914
Drive times
- downtown Knoxville 10 min
- UT Medical Center 15 min
- McGhee Tyson Airport 30 min
- Pellissippi State 30 min
- Turkey Creek 30 min
- Douglas Lake 45 min
- Lenoir City 45 min
- Maryville 45 min
- Sevierville 45 min
- LaFollette 60 min
- Morristown 60 min
- ORNL 60 min
- Pigeon Forge 60 min
- Tellico Lake 60 min
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Listing courtesy of Real Broker. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1343427.