2359 E 5th Ave, Knoxville, TN 37917

New Listing

$475,000

Property Type: Multi-Family Square Footage: 2,000 Status: Active

Current Price: $475,000 List Date: 6/20/2026 Last Modified: 6/20/2026

Overview

Description

Charming income producing apartment building featuring four one-bedroom, one-bathroom units in the popular Historic Parkridge neighborhood. Great proximity to E Magnolia Avenue commercial area, Downtown Knoxville, and the bus line. Plenty of off-street Parking on premises as well as covered garage bays that could be converted to storage units for additional income or higher rent. Membrane roof installed 2020 with 20 year warranty. These units have been updated and three are ready for immediate occupancy, one currently leased month to month. Electric, water, and sewer are metered separately for all 4 units. This building is in very good condition and provides opportunity for improvements to increase rental rates over time. Great investment opportunity in growing area.

Listing Details MLS# 1345397

Location Tax Legal Info

House #: 2359
St Dir: E
Street Name: 5th
St Suffix: Ave
State/Province: TN
Zip Code: 37917
PIN #: 082JS015

Contract Info

Auction Y/N: No
Listing Price: 475000

General Property Description

SqFt - Total (Aprox): 2000
Lot Dimensions: 50 X 145
Number of Units: 4
# Units Leased: Yes
Utilities/Mo Avg: 8
Year Built: 1960
Property Status: N/A
Restrictions: Yes
Driveway: Off-Street parking

Status Change Info

Status Change Date: 2026-06-20

Location, Tax & Legal Info

Area: Knox County - 1
Community: Parkridge
City/County Code: City Limits
Elementary School: Sarah M Greene/Magnet
Middle School: Vine/Magnet
Total Tax: 2973.62
High School: Austin East/Magnet

Remarks & Misc

Directions: Broadway SW - Turn right onto E 5th Ave/W Fifth Ave - Continue onto E Magnolia Ave - Turn left onto Spruce St - Turn left onto E 5th Ave - Destination will be on the right.
Public Remarks: Charming income producing apartment building featuring four one-bedroom, one-bathroom units in the popular Historic Parkridge neighborhood. Great proximity to E Magnolia Avenue commercial area, Downtown Knoxville, and the bus line. Plenty of off-street Parking on premises as well as covered garage bays that could be converted to storage units for additional income or higher rent. Membrane roof installed 2020 with 20 year warranty. These units have been updated and three are ready for immediate occupancy, one currently leased month to month. Electric, water, and sewer are metered separately for all 4 units. This building is in very good condition and provides opportunity for improvements to increase rental rates over time. Great investment opportunity in growing area.

More Information

Income/Expenses

Gross Annual Income: 38800

Property Sub-Type

Four Plex: Yes

Construction

Block: Yes
Frame - Brick: Yes

Type of Units

1 Bedroom Unit: Yes
Unfurnished: Yes

Siding

Brick: Yes

Sale Includes

No Furnishings: Yes

Miscellaneous

Storage Space: Yes
Utility Room: Yes

Cooling

Wall Cooling: Yes

Floors

Hardwood: Yes
Tile: Yes

Garage/Parking

Garage Spaces: 3
Attached: Yes
Off-Street Parking: Yes
On-Street Parking: Yes
Shared Garages: Yes

Tenant Expenses

Tenant Pays All Util: Yes

Owner Expenses

Lawn Maintenance: Yes
Other: Yes

Fuel

Electric: Yes

Heat

Other: Yes

Appliances

Range: Yes
Refrigerator: Yes
Smoke Detector: Yes

Other Rooms

Other: Yes

Roof

Other: Yes
See Remarks: Yes

Exterior Features

Doors - Storm: Yes
Porch - Covered: Yes
Windows - Dble Pane: Yes

Misc Features

Walk-In Closet(s): Yes

New Financing

Cash: Yes
Conventional: Yes
FHA: Yes
USDA Loan: Yes
VA Loan: Yes
Other: Yes

Showing

See Agent Instructns: Yes

Property Features

Property Sub-Type: Four Plex Type of Units: 1 Bedroom Unit; Unfurnished Sale Includes: No Furnishings Floors: Hardwood; Tile Tenant Expenses: Tenant Pays All Util Owner Expenses: Lawn Maintenance; Other Fuel: Electric Heat: Other Cooling: Wall Cooling Appliances: Range; Refrigerator; Smoke Detector Construction: Block; Frame - Brick Roof: Other; See Remarks Siding: Brick Exterior Features: Doors - Storm; Porch - Covered; Windows - Dble Pane Misc Features: Walk-In Closet(s) Other Rooms: Other Miscellaneous: Storage Space; Utility Room New Financing: Cash; Conventional; FHA; USDA Loan; VA Loan; Other Showing: See Agent Instructns

IDX

Listing Office: Realty Executives South

Last Updated: June - 20 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.