New - 4 days on Rocket
$10,000 Closing Credit¹
#1291374, Listing Office: Capstone Realty Group
$2,160,000 List price
1412 Armstrong Ave Knoxville, TN 37917
$10,000
Closing credit¹
7,444 sqft
$290 / sqft
House
Property details
About 1412 Armstrong Ave
Premier Multi-Family Investment Opportunity - 1412 & 1418 Armstrong Ave, Knoxville, TN Unlock the potential of two prime multi-family properties at 1412 & 1418 Armstrong Avenue, offering a versatile income stream with a mix of long-term and short-term rental units in a sought-after Knoxville location. Property Breakdown: 1412 Armstrong Ave - Established 8-Unit Apartment Building Fully occupied 8-unit building consisting of all one-bedroom, one-bath units Strong rental history with reliable cash flow and consistent tenant demand Classic charm with modern upgrades, providing an attractive option for long-term tenants 1418 Armstrong Ave - Profitable Short-Term Rental Property 4-unit building operating as a high-yield short-term rental (2) Three-bedroom, one-bath townhome-style units, rented by the room for maximum revenue (2) One-bedroom, one-bath units, ideal for individual short-term guests 8 total rentable units available for nightly stays, catering to Knoxville's growing tourism and business traveler market Investment Highlights: Diverse rental strategy: Stable long-term tenants at 1412 Armstrong, high-yield short-term rental flexibility at 1418 Armstrong High-demand location: Close to downtown Knoxville, UT campus, and major attractions, ensuring steady occupancy Turnkey income potential: Fully operational with strong rental performance across both properties This unique investment package combines passive long-term rental income with high-profit short-term rental potential, creating a balanced, high-earning asset in Knoxville's thriving rental market. 📞 Contact us today to explore this exceptional multi-family opportunity!
Highlights
Home typeOther
HeatingCentral, Natural Gas, Electric
StatusActive
CoolingCentral Air
Size7,444 sqft
Year built1920
ParkingOn-Street Parking, Off-Street Parking, On Premise Parking
MLS #1291376
Summary
- MLS Number: 1291376
- MLS Name: East Tennessee REALTORS® MLS
- Office Name: Capstone Realty Group
- Office Phone: (865) 433-4663
- Office Email: sibleysellstn@gmail.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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: 3/4/2025, 10:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,160,000
1412 Armstrong Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Christenberry Elementary School
Public District PK-5
0.6 mi
•927 Oglewood Ave
3
Belle Morris Elementary School
Public District PK-5
0.9 mi
•2308 Washington Pike
6
Beaumont Magnet Academy
Public Magnet KG-5
1.5 mi
•1211 Beaumont Ave
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 $32,269. Typical income of Knoxville, TN residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
53%
<35k
32%
35k-100k
8%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
73%
Single, No Kids
4%
Single, with Kids
16%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
3%
12-17 yrs old
36%
18-34 yrs old
42%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Continuing Education Courses
Soccer
Where do the neighbors shop?
Family Dollar
Express/Express For Men
Forever 21
Where do the neighbors go to eat?
Church's Chicken
Qdoba
Dominos Pizza
What do the neighbors drive?
Cadillac
Volkswagen
Mazda
What do the neighbors listen to?
Jazz
Urban Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1412 Armstrong Ave
This home is located at 1412 Armstrong Ave in Knoxville, TN and zip code 37917 in the Old North Knoxville neighborhood. This 7,444 square foot home was built in 1920. Features: 0 bathroom. It has been listed on Rocket Homes since February 27, 2025 and is currently priced at $2,160,000.
Knoxville, TN housing market in February 2025 saw over 54 listings sold above listed price, more than 61 sold at listed price and over 168 sold below. Between January and February 2025, Knoxville, TN real estate market has seen increase in the number of listings by 3%. In February 2025 median list price was $382,067 and the average listing age was 49 days.
From Rocket Homes Real Estate and based on county public records data.