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
- LaFollette 45 min
- Lenoir City 45 min
- Maryville 45 min
- Sevierville 45 min
- Morristown 60 min
- ORNL 60 min
- Tazewell 60 min
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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.