123/125 Chestnut St Knoxville, TN 37914
2,428 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,428 sqft
Price per Sqft $226
Subdivision Strong & Thompson E End
MLS Listing ID 1343427
Year Built 2023
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 53x150
Source East Tennessee REALTORS® MLS
Property Description
Rare opportunity to own a nearly new construction duplex just minutes from Downtown Knoxville and convenient interstate access. Built only three years ago, this property offers modern finishes, strong rental income, and future upside that is difficult to find in today's market.
Each unit features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, and a highly desirable floor plan with the primary bedroom located on the main level. The thoughtful design provides comfortable living while minimizing maintenance concerns often associated with older properties.
One of the standout features of this duplex is the completely separate parking arrangement. Each unit has its own dedicated driveway located on opposite sides of the property, creating privacy and a single-family home feel that is uncommon among duplex properties.
Unit 123 is currently leased for $1,975 per month on a one-year lease expiring in September, providing immediate income for investors. Unit 125 is vacant and ready for its next tenant or owner-occupant, offering flexibility to maximize returns or offset your mortgage with rental income.
The property is situated on commercially zoned land, opening the door to numerous future possibilities and long-term value potential. With very few newer construction duplexes available in Knoxville--especially this close to downtown and major highways--this is a unique opportunity to acquire a versatile asset in a growing market.
Whether you're looking to house hack, expand your investment portfolio, or secure a property with future development potential, this duplex checks all the boxes.
Location
State TN
County Knox County - 1
Area 7950.0
Rooms
Other Rooms Bedroom Main Level, Mstr Bedroom Main Level
Interior
Interior Features Walk-In Closet(s)
Heating Central, Electric
Cooling Central Cooling
Flooring Carpet
Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
Heat Source Central, Electric
Exterior
Exterior Feature Windows - Vinyl
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Asphalt
Garage No
Building
Faces From Downtown Knoxville / I-40 E, head east on I-40 E toward Asheville. Take Exit 390 for N Cherry St. Turn right onto E Magnolia and then left on the N Chestnut St. The property will be on the right after 3 blocks. Can enter off of S Chestnut St or Louise Ave
Structure Type Vinyl Siding,Block,Frame
Schools
Elementary Schools Sarah M Greene/Magnet
Middle Schools Vine/Magnet
High Schools Austin East/Magnet
Others
Tax ID 082NA007
Security Features Smoke Detector
Energy Description Electric
Acceptable Financing VA Loan, FHA, Cash, Conventional
Listing Terms VA Loan, FHA, Cash, Conventional