East Knoxville · Knoxville, TN 37914 · Knox County
27 days on market · MLS# 1343427
Home Facts
—
Beds
—
Baths
2,428
Sqft
0.18 ac
Lot
About This Property
Investment Opportunity or Owner-Occupant Dream in the Heart of Knoxville! Rare opportunity to own a nearly new construction duplex 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.
Property Details
Construction
block, frame, vinyl siding
Heating
central, electric
Cooling
central air
Flooring
carpet, luxury vinyl plank
Appliances
refrigerator, range, dishwasher, disposal, microwave, self cleaning oven
Interior
walk-in closet(s)
Exterior
windows - vinyl
Parking
off street
Market Snapshot
30-Yr Fixed Rate
6.49%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$2,752
20% down · 30-yr fixed · principal & interest only
Location
123/125 S Chestnut St, Knoxville, TN 37914
East Knoxville, Knoxville, TN 37914
35.98234, -83.89315
$224 per sqft
Schools
Elementary
Sarah M Greene/Magnet
Middle
Vine/Magnet
High
Austin East/Magnet
Walkability
51
Walk
Somewhat Walkable
37
Transit
Some Transit
53
Bike
Bikeable