1412 Armstrong Ave, Knoxville, TN 37917 (MLS# 1326887)

1412 Armstrong Ave, Knoxville, TN 37917

$1,799,950

Virtual Tour

https://www.homes.com/property/1412-armstrong-ave-knoxville-tn/phq6c45gwe2e8/?dk=kk0944ghdwe06

Property Type: Multi-Family Square Footage: 8,514 Status: Active

Current Price: $1,799,950 List Date: 1/18/2026 Last Modified: 2/19/2026

Overview

Description

Outstanding investment opportunity—two multi-unit properties offered together at 1412 & 1418 Armstrong Ave on one deeded lot in Knoxville’s desirable Old North area. Featuring 12 total units across two buildings. Zones RN4. One unit could be STR if owner occupied purchase otherwise all units would need to be 30 day minimum rentals. We cleaned up the tenant roster and working on filling vacancies or you can get in now and choose your own! 1418 Armstrong Ave includes four fully furnished units.. Two feature 3 bedrooms and 1½ baths with full kitchens and shared HVAC; two are 1-bedroom, 1-bath units with private HVAC systems, ideal for traveling professionals or flexible leasing options (30 days or more required). 1412 Armstrong Ave consists of eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility adds convenience and appeal for residents. Positioned on a quiet dead-end street just minutes from downtown Knoxville, the University of Tennessee, and major attractions, this property offers strong possibilites and potential for multiple income streams. Whether managed as long-term housing, short-term rentals (30 days or more), or a hybrid model, it’s a turn-key addition for any investor seeking cash flow and appreciation in one of Knoxville’s fastest-growing rental markets. Property built before 1978 may have lead based paint. Buyer to verify all information independently.

Listing Details MLS# 1326887

Location Tax Legal Info

House #: 1412
Street Name: Armstrong
St Suffix: Ave
State/Province: TN
Zip Code: 37917
PIN #: 081LE027

Contract Info

Auction Y/N: No
Listing Price: 1799950

General Property Description

SqFt – Total (Aprox): 8514
Lot Dimensions: 119.71 x 185.01
Number of Units: 12
# Units Leased: 4
Utilities/Mo Avg: 965
Year Built: 1920
Property Status: REO
Driveway: With Parking Lot

Status Change Info

Status Change Date: 2026-01-17

Location, Tax & Legal Info

Area: Knox County – 1
City/County Code: City Limits
Total Tax: 15580.32

Remarks & Misc

Directions: Broadway SW (US-441) for 1.6 mi. Turn left onto Kenyon St NE, then go 433 ft. Turn right onto Armstrong Ave NE. Go 0.1 mi to property on left at 1412 Armstrong Ave NE, Knoxville, TN 37917.
Public Remarks: Outstanding investment opportunity—two multi-unit properties offered together at 1412 & 1418 Armstrong Ave on one deeded lot in Knoxville's desirable Old North area. Featuring 12 total units across two buildings. Zones RN4. One unit could be STR if owner occupied purchase otherwise all units would need to be 30 day minimum rentals. We cleaned up the tenant roster and working on filling vacancies or you can get in now and choose your own! 1418 Armstrong Ave includes four fully furnished units.. Two feature 3 bedrooms and 1½ baths with full kitchens and shared HVAC; two are 1-bedroom, 1-bath units with private HVAC systems, ideal for traveling professionals or flexible leasing options (30 days or more required). 1412 Armstrong Ave consists of eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility adds convenience and appeal for residents. Positioned on a quiet dead-end street just minutes from downtown Knoxville, the University of Tennessee, and major attractions, this property offers strong possibilites and potential for multiple income streams. Whether managed as long-term housing, short-term rentals (30 days or more), or a hybrid model, it's a turn-key addition for any investor seeking cash flow and appreciation in one of Knoxville's fastest-growing rental markets. Property built before 1978 may have lead based paint. Buyer to verify all information independently.

More Information

Property Sub-Type

House Converted: Yes

Construction

Block: Yes
Frame: Yes
Frame – Brick: Yes

Type of Units

1 Bedroom Unit: Yes
3 or more Bdrm Units: Yes

Siding

Aluminum Siding: Yes
Cement: Yes
Fiber Cement: Yes

Sale Includes

Building and Land: Yes
Some Furnishings: Yes

Miscellaneous

Coin Laundry: Yes
No Pets: Yes
Storage Space: Yes
TV Cable Available: Yes
Utility Room: Yes

Cooling

Central Cooling: Yes

Floors

Carpet: Yes
Hardwood: Yes
Laminate: Yes

Garage/Parking

Off-Street Parking: Yes
On Premise Parking: Yes
On-Street Parking: Yes

Tenant Expenses

Cooling: Yes
Electricity: Yes
Gas: Yes
Heating: Yes
Sewer: Yes
Water: Yes

Owner Expenses

Advertising: Yes
Common Area Maintenance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
HVAC Maintenance: Yes
Insurance: Yes
Janitorial Service: Yes
Lawn Maintenance: Yes
Sewer: Yes
Taxes: Yes
Water: Yes

Fuel

Electric: Yes
Gas (Natural): Yes

Heat

Central: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes
Washer: Yes

Other Rooms

Mstr Bdrm Main Level: Yes

Roof

Shingle: Yes

Exterior Features

Porch – Covered: Yes

Misc Features

Internet Available: Yes
Walk-in Shower: Yes
Washer/Dryer Connect: Yes

New Financing

Cash: Yes
Conventional: Yes
New Loan: Yes

Showing

See Agent Instructns: Yes

Property Features

Property Sub-Type: House Converted Type of Units: 1 Bedroom Unit; 3 or more Bdrm Units Sale Includes: Building and Land; Some Furnishings Floors: Carpet; Hardwood; Laminate Tenant Expenses: Electricity; Gas; Sewer; Water Owner Expenses: Advertising; Common Area Maintenance; Electricity; Exterior Maintenance; Gas; HVAC Maintenance; Insurance; Janitorial Service; Lawn Maintenance; Sewer; Taxes; Water Fuel: Electric; Gas (Natural) Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Washer Construction: Block; Frame; Frame – Brick Roof: Shingle Siding: Aluminum Siding; Cement; Fiber Cement Exterior Features: Porch – Covered Misc Features: Internet Available; Walk-in Shower; Washer/Dryer Connect Other Rooms: Mstr Bdrm Main Level Miscellaneous: Coin Laundry; No Pets; Storage Space; TV Cable Available; Utility Room New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns

Listing Office: Pace Probity Asset Management

IDX

Office Phone: 865-357-1537

Last Updated: February – 19 – 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.