East Knoxville · Knoxville, TN 37914 · Knox County
Listed yesterday · MLS# 1345431
Home Facts
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Beds
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Lot
About This Property
This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one. What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.
Property Details
Construction
brick
Heating
space heater, other, electric
Cooling
window unit(s)
Flooring
other
Appliances
range
Parking
off street
Market Snapshot
30-Yr Fixed Rate
6.47%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$1,386
20% down · 30-yr fixed · principal & interest only
Location
3206 E Magnolia Ave, Knoxville, TN 37914
East Knoxville, Knoxville, TN 37914
35.99520, -83.88492
Schools
Elementary
Spring Hill
Middle
Vine/Magnet
High
Austin East/Magnet
Walkability
53
Walk
Somewhat Walkable
33
Transit
Some Transit
52
Bike
Bikeable