#1280453, Listing office: Downtown Realty, Inc.
$495,000 List price
116 S Gay St Unit 306 Knoxville, TN 37902
2 beds
1 full
990 sqft
0.02 acres
$500 / sqft
Condo
Property details
About 116 S Gay St Unit 306
Welcome to urban living at its finest in this stylish 2-bedroom, 1-bath condo located in the heart of Downtown Knoxville. Nestled in the historic Sterchi Lofts, this home puts you within walking distance of the Tennessee Theatre, Market Square, the Old City, and the exciting new Smokies baseball stadium. You're also just minutes from the University of Tennessee campus and the vibrant South Knoxville riverfront. The unit is wired for AT&T fiber optic, ideal for remote work or streaming. Residents enjoy access to the on-site fitness center and a rooftop deck offering stunning views of the Knoxville skyline, the Great Smoky Mountains, and the new baseball stadium. The Owners have done multiple upgrades to the unit including remodeling the bathroom and installing beautiful barn style sliding doors to the bedrooms. Enjoy the ultimate downtown lifestyle with Knoxville's best restaurants, bars, and entertainment right outside your door. Outdoor lovers will appreciate being near over 30 miles of greenways, boating and kayaking at Volunteer Landing, as well as the trails, boardwalks, and quarry at Ijams Nature Center. Don't miss this opportunity to own to join the thriving downtown community and enjoy all the perks city life has to offer. *Additional storage units are available to rent in the building for added convenience. Buyers to verify square footage.
Highlights
Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size990 sqft
Lot size0.02 Acres
Year built1920
ParkingOn-Street Parking, Off-Street Parking, Other
MLS #1302254
WaterfrontOther
ViewMountain(s), City
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Disposal, Microwave, Range, Self Cleaning Oven
- Basement: No
- Flooring Type: Other
- Interior: Elevator, Eat-in Kitchen
- Fireplace: None
- Total Bedroom Count: 2
- Attached Garage: No
- Parking: On-Street Parking, Off-Street Parking, Other
- Waterfront: Other
- View: Mountain(s), City
- Architectural Style: Historic
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $495,000
- Price/SqFt: $500
- HOA Amount: $249 Monthly
- Lot: Other
- Directions: Located on the 100 block of the Historic Arts District at the intersection of Gay St and Summit Hill Dr.
- Year Built: 1920
- Living Area: 990 SqFt
- Lot Size: 0.02 Acres
- MLS Number: 1302254
- 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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Last updated on: 7/23/2025, 7:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. Residents of Knoxville, TN typically earn less than $<35k each year. Typical family type 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 306
The listing price of 116 S Gay St Unit 306 property is $495,000.
The property 116 S Gay St Unit 306 is a condo located in Knoxville, Tennessee, 37902.
Active Listing: 116 S Gay St Unit 306 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 S Gay St Unit 306 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 306 has 2 bedrooms and 1 bathroom.
The property 116 S Gay St Unit 306 is 990 SqFt (source: MLS/tax record).
The year of construction for 116 S Gay St Unit 306 is 1920.
This home is located at 116 S Gay St Unit 306 in Knoxville, TN and zip code 37902 in the Old City neighborhood. This 990 square foot home, which was built in 1920, sits on a 0.02 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 24, 2025 and is currently priced at $495,000.
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. In June 2025 in Knoxville, TN there were 5.4% less homes for sale than in May. Listings spent 34 days on the market in June 2025, and had a median list price of $388,575 during the same period.
From Rocket Homes Real Estate and based on county public records data.