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Active 90 days on market

313 Gayview Drive

Knoxville, TN 37920 · Knox County

$395,000

$20,000 price cut · Sep 16

Beds
4
Baths
2.5
Sq ft
3,056
Acres
0.32
Built
1945

Listing courtesy of Realty Executives South · MLS #1350067

Description

This is the investment opportunity you've been waiting for! Whether you're looking to expand your rental portfolio, house multiple generations under one roof, or capitalize on a high cash-flow property, this one checks every box.

The main level offers a warm and inviting layout featuring 2 spacious bedrooms and 2 bathrooms. The kitchen comes fully equipped with a range, refrigerator, and dishwasher, while the dedicated laundry room includes a washer and dryer for added convenience. Beautiful hardwood and tile flooring flow throughout the home, and the covered back deck provides the perfect space to relax or entertain guests.

One of the bathrooms has already been gutted and is plumbed, giving the next owner an excellent opportunity to finish the space with their own style and selections while adding immediate value to the property. The HVAC system is not currently operational; however, the sellers are actively working to have it repaired, offering added peace of mind for the future owner.

What truly sets this property apart is the fully finished lower level, thoughtfully designed into two separate living quarters, each with its own private entrance--creating exceptional income potential.

The first apartment features its own living area, full kitchen with range and refrigerator, private bedroom, full bathroom, and closet.

The second apartment offers an equally impressive setup with a private living area, kitchen with range and refrigerator, bedroom, full bathroom, closet, plus an additional half bath--a rare and highly desirable feature for tenants.

The basement units share a conveniently located laundry room equipped with a washer and dryer, adding even more functionality for occupants.To help the next owner plan for maximizing the space, estimates for the installation of mini-split HVAC systems have already been obtained for the basement apartments. This provides a clear path for adding independent climate control while enhancing the property's long-term rental potential.

Positioned in one of South Knoxville's most sought-after areas, this property is just minutes from the Smoky's Baseball Stadium Downtown, Two of Knoxville's largest quarries: Fort Dickerson and Meads, University of Tennessee, UT Medical Center, Ijams Nature Center, and an easy drive to The Smoky Mountains.

Properties with this kind of versatility are becoming increasingly difficult to find. With three independent living spaces under one roof, private entrances for the basement apartments, and tremendous rental potential, this property is positioned to deliver outstanding returns for the savvy investor. Whether you choose to lease all three units, live upstairs while generating income below, or create the perfect multigenerational living arrangement, the possibilities are endless.

Opportunities like this don't stay on the market for long. Schedule your showing today and discover why this South Knoxville gem is the kind of investment buyers wait for--but shouldn't wait to buy.

**Open House** Saturday August 8th 2-4pm

Details

Home

Type
Residential · Single Family Residence
Style
Other
Year built
1945
Living area
3,056 sq ft
Bedrooms
4
Bathrooms
2 full, 1 half
Basement
Finished, Plumbed, Outside Entr. Only
Parking
Basement, Main Level, On Street

Interior

Rooms
Addl Living Quarter, Bedroom Main Level, Laundry/Utility, Family Room
Flooring
Tile, Vinyl, Hardwood
Appliances
Dishwasher, Range, Refrigerator, Washer, Dryer
Also
Washer/Dryer Connect, Internet Available, Wired for Internet

Exterior

Construction
Block, Frame, Brick, Wood Siding
Architecture
Traditional
Porch & patio
Porch - Covered, Patio
Fencing
Chain

Land

Lot size
0.32 acres
Lot
Wooded, Cul-De-Sac
Views
Wooded
Deed restrictions
Yes

Utilities

Water
Public
Sewer
Public sewer
Heating
Forced Air, Electric

Listing

MLS #
1350067
Status
Active
On market
90 days
Listed
Jul 30, 2026
Finances
Property tax
City + county
Inside city limits
HOA
None
No association dues
Price per sq ft
$129
3,056 sq ft

Price history

Sep 16, 2026
Price cut
$395,000 −$20,000
Before
Listed
$415,000

Accepted

  • Cash
  • VA Loan
  • Conventional

Instant pre-approval

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Call (865) 535-7119
Location
County
Knox
ZIP
37920

Drive times

  • UT Medical Center 10 min
  • downtown Knoxville 15 min
  • McGhee Tyson Airport 25 min
  • Maryville 30 min
  • Douglas Lake 45 min
  • Lenoir City 45 min
Approximate, by road

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Listing courtesy of Realty Executives South. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1350067.