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Contingent 62 days on market

711 Murray Drive

Knoxville, TN 37912 · Miller Pt Lts 3 4 · Knox County

$1,010,000

Sq ft
3,256
Built
1971

Listing courtesy of Avison Young · MLS #1353401

Description

711 Murray Drive & 719 Murray Drive offer the opportunity to acquire eight units across two adjacent four-unit multifamily properties. The properties total approximately 6,689 square feet on 1.32 acres. Each property includes two 2BR/1BA and two 1BR/1BA units, for a combined unit mix of four 2BR/1BA and four 1BR/1BA residences.

711 Murray Drive is fully leased with long-term tenancy in place and includes on-site laundry with the opportunity to expand tenant use. Recent improvements include a new driveway, deck, concrete, gutters, shed, and flooring improvements.

The adjacent 719 Murray Drive offers immediate value-add potential. One unit is currently occupied under a one-year lease, while the remaining three units have been cleared and primed, allowing a new owner to complete interior finishes and bring the units back online. Recent improvements include a newer roof, upgraded electrical service boxes, new concrete, and gutters.

Together, the properties offer a combination of existing rental income at 711 Murray Drive and renovation and lease-up potential at 719 Murray Drive.

Please note: 711 Murray Drive is available only as part of the combined offering and will not be sold separately. 719 Murray Drive may be purchased independently.

Details

Home

Type
Residential Income
Year built
1971
Living area
3,256 sq ft
Parking
Off Street

Interior

Rooms
Family Room, Bedroom Main Level
Flooring
Laminate, Tile, Luxury Vinyl Plank

Exterior

Construction
Frame
Porch & patio
Patio
Other structures
Shed(s)

Utilities

Heating
Ceiling, Central, Electric

Listing

MLS #
1353401
Status
Contingent
On market
62 days
Listed
Aug 27, 2026
Finances
Property tax
County only
Outside city limits
HOA
None
No association dues
Price per sq ft
$310
3,256 sq ft

Price history

Aug 27, 2026
Listed
$1,010,000

Accepted

  • Cash
  • Conventional
  • New Loan
  • Other

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Location
Neighborhood
Miller Pt Lts 3 4
County
Knox
ZIP
37912

Drive times

  • downtown Knoxville 15 min
  • UT Medical Center 20 min
  • Pellissippi State 25 min
  • McGhee Tyson Airport 30 min
  • Turkey Creek 30 min
  • Douglas Lake 45 min
Approximate, by road

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Listing courtesy of Avison Young. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1353401.