#1297927, Listing office: Wallace
$995,000 List price
116 S Gay St Unit 205 Knoxville, TN 37902
4 beds
2 full
2,130 sqft
0.05 acres
$467 / sqft
Condo
Property details
About 116 S Gay St Unit 205
Located on Downtown's vibrant 100-Block in the historic Sterchi Building, this beautifully renovated four bedroom loft features a spacious great room, a bright & modern kitchen, soaring ceilings, and expansive windows overlooking picturesque Gay Street. The tastefully updated bathrooms feature sleek subway tile and contemporary fixtures. A large bonus area could be a perfect flex space for a second living room, home office or additional guests. Enjoy the exceptional building amenities including a fitness studio, storage room with individual leased spaces, and huge rooftop terrace overlooking the Downtown skyline. Parking permit for a nearby lot, pre-paid for 2 years, is included in the price. Experience the best of urban living here in Knoxville's Arts/Old City District, an eclectic pocket of Downtown known for its picturesque century-old buildings housing many of the city's most popular restaurants, cafes, entertainment venues, fitness studios & galleries. And with close proximity to the new multi-use stadium, Market Square & Theater District, artsy Emory Place, Downtown North, PetSafe dog park, World's Fair Park, greenway system, and even an easy mile to the University of Tennessee campus and the South Waterfront, you can enjoy it all while living in Sterchi Lofts. Approx. size per CRS is an estimate only. Buyer to verify size, taxes and HOA fees, which are subject to change. Note: Presently, this is one of the few residences in the building in which AirBnB/STR is permitted by the HOA.
Highlights
Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size2,130 sqft
Lot size0.05 Acres
Year built1920
ParkingOther
MLS #1294418
WaterfrontOther
ViewCity
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Basement: No
- Flooring Type: Other
- Interior: Kitchen Island, Elevator, Eat-in Kitchen
- Fireplace: None
- Total Bedroom Count: 4
- Attached Garage: No
- Parking: Other
- Waterfront: Other
- View: City
- Architectural Style: Historic
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $995,000
- Price/SqFt: $467
- HOA Amount: $532 Monthly
- Lot: Other
- Directions: Located on the picturesque 100-Block of Gay Street between Summit Hill Drive and Jackson Avenue.
- Year Built: 1920
- Living Area: 2,130 SqFt
- Lot Size: 0.05 Acres
- MLS Number: 1294418
- MLS Name: East Tennessee REALTORS® MLS
- Office Name: Terminus Real Estate, Inc.
- Office Phone: (865) 673-6300
- Office Email: lab3rd36@comcast.net
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Price information
Property sales
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Tax history
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Nearby schools
2
Green Magnet Academy
Public Magnet KG-5
0.5 mi
•801 Lula Powell Dr
7
South Knox Elementary School
Public District PK-5
1.0 mi
•801 Sevier Ave
3
Maynard Elementary School
Public District PK-5
1.0 mi
•737 College St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,647. The majority of Knoxville, TN residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
55%
<35k
35%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
87%
Single, No Kids
1%
Single, with Kids
10%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
1%
12-17 yrs old
52%
18-34 yrs old
38%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Major League Soccer (MLS)
Yoga/pilates
Where do the neighbors shop?
Express/Express For Men
Banana Republic
H&M
Where do the neighbors go to eat?
Starbucks
Sonic
Dominos Pizza
What do the neighbors drive?
Pontiac
Infiniti
Audi
What do the neighbors listen to?
Urban Contemporary
Alternative
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 116 S Gay St Unit 205
The listing price of 116 S Gay St Unit 205 property is $995,000.
The property 116 S Gay St Unit 205 is a condo located in Knoxville, Tennessee, 37902.
Active Listing: 116 S Gay St Unit 205 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 S Gay St Unit 205 are: Green Magnet Academy (GreatSchools Rating 2/10), South Knox Elementary School (GreatSchools Rating 7/10), Maynard Elementary School (GreatSchools Rating 3/10), Emerald Academy (GreatSchools Rating 4/10), Vine Magnet Middle School (GreatSchools Rating 2/10), South-Doyle Middle School (GreatSchools Rating 4/10), L N STEM Academy (GreatSchools Rating 9/10), Fulton High School (GreatSchools Rating 3/10), Austin-East Magnet High School (GreatSchools Rating 2/10).
The property at 116 S Gay St Unit 205 has 4 bedrooms and 2 bathrooms.
The property 116 S Gay St Unit 205 is 2,130 SqFt (source: MLS/tax record).
The year of construction for 116 S Gay St Unit 205 is 1920.
This home is located at 116 S Gay St Unit 205 in Knoxville, TN and zip code 37902 in the Old City neighborhood. This 2,130 square foot home, which was built in 1920, sits on a 0.05 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 24, 2025 and is currently priced at $995,000.
In June 2025 more than 126 listings in Knoxville, TN were sold above the asking price. During the same period more than 181 listings were sold at asking price, while more than 344 were sold below. The number of listings in Knoxville, TN decreased by 5.4% between May and June 2025. While the average time on the market in June 2025 was 34 days, the median list price was $388,575.
From Rocket Homes Real Estate and based on county public records data.