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Active 146 days on market

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

Instant pre-approval

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Answer a few quick questions about your income and expenses by phone, and get pre-approved on the spot.

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Call (865) 535-7119
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
Approximate, by road

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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.