$4,572 Closing Credit¹
#1286574, Listing Office: ReMax First
$339,000 List price
116 S Gay St Unit 706 Knoxville, TN 37902
$4,026
Closing credit¹
1 bed
1 full
600 sqft
0.01 acres
$565 / sqft
Condo
Property details
About 116 S Gay St Unit 706
Experience modern urban living in this beautifully updated 1-bedroom, 1-bath condo at Sterchi Lofts. Situated on the 7th floor, this bright, airy unit offers a Southern exposure looking down the center of the city. Watch parades, Christmas lights, and downtown festivals like the Rossini Festival right from your living room. Enjoy your morning coffee looking out at the Smokies in the horizon. Originally the headquarters of Sterchi Brothers Furniture—the largest wholesale furniture distributor in the Southeast—this historic building was transformed into loft-style residences in 2002 and underwent further upgrades from 2016 to 2022. During the renovation, this unit was updated with: · Energy-efficient appliances · Quartz countertops & deep stainless steel sink · Commercial-grade kitchen faucet · Designer light fixtures · Updated HVAC system · Modern plumbing fixtures · Luxurious Roca (Spanish) tile in the shower. With tall ceilings, expansive windows, and an open-concept design, this condo perfectly blends historic charm with contemporary style. Residents of Sterchi Lofts also enjoy premium amenities, including a 24-hour fitness center, additional rentable storage, and a rooftop patio with stunning views of the Knoxville skyline and the Great Smoky Mountains. Knoxville was recently ranked among the most desirable cities to live in by U.S. News & World Report in 2024, and downtown continues to thrive. With a new baseball stadium set to open in 2025 and the upcoming Neyland Entertainment District transforming the riverfront, now is the perfect time to invest in this vibrant community. Walk to award winning restaurants, the Farmers' Market, several gyms, coffee shops, and shows at the Tennessee and Bijou Theaters. Drop by the art galleries and local bookstore down the block or bike to the University of Tennessee and IJAMS Nature Center. 📍 Don't miss this rare opportunity—schedule your showing today!
Highlights
Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size600 sqft
Lot size0.01 Acres
Year built1920
ParkingOn-Street Parking, Off-Street Parking, Other
MLS #1291409
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: 1
- 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: $339,000
- Price/SqFt: $565
- HOA Amount: $154
- HOA Frequency: Monthly
- Lot: Other
- Directions: From the city center follow S Gay St to the 100 Block of the Historic Arts District and the Sterchi Lofts will be on your right.
- Year Built: 1920
- Living Area: 600 SqFt
- Lot Size: 0.01 Acres
- MLS Number: 1291409
- 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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Information deemed reliable but not guaranteed. This information is updated daily, 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.
Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 3:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$339,000
116 S Gay St Unit 706
$4,026
closing credit¹
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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 most common annual income of people living in Knoxville, TN is less than $<35k. Most families are 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 706
The listing price of 116 S Gay St Unit 706 property is $339,000.
The property 116 S Gay St Unit 706 is a condo located in Knoxville, Tennessee, 37902.
Active Listing: 116 S Gay St Unit 706 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 S Gay St Unit 706 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 706 has 1 bedroom and 1 bathroom.
The property 116 S Gay St Unit 706 is 600 SqFt (source: MLS/tax record).
The year of construction for 116 S Gay St Unit 706 is 1920.
This home is located at 116 S Gay St Unit 706 in Knoxville, TN and zip code 37902 in the Old City neighborhood. This 600 square foot home, which was built in 1920, sits on a 0.01 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since February 28, 2025 and is currently priced at $339,000.
In April 2025 more than 100 listings in Knoxville, TN were sold above the asking price. During the same period more than 106 listings were sold at asking price, while more than 216 were sold below. The inventory of homes for sale in Knoxville, TN between March and April 2025 increased by 6.5%. While the average time on the market in April 2025 was 42 days, the median list price was $384,666.
From Rocket Homes Real Estate and based on county public records data.