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Sold for $635,000
  • $635,000

    116 S Gay St #407, Knoxville, TN 37902

    3beds
    1,260sqft
    Condominium
    Built in 1920
    -- sqft lot
    $644,100 Zestimate®
    $504/sqft
    $2,840 Estimated rent

    Home value

    $644,100

    $612,000 - $676,000

    $2,840/mo

    Zestimate® history
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    What's special

    Experience authentic urban living in the heart of downtown Knoxville at 116 S Gay Street. Located on the historic 100 block of the Arts District, this rare 3-bedroom, 2-bath condo offers 1,260 square feet of thoughtfully designed space with an open floorplan that blends industrial character with warm, modern finishes. High ceilings, oversized windows, and exposed ductwork create a true loft-style feel, while the spacious kitchen with stainless appliances flows seamlessly into the dining and living areas--perfect for entertaining or relaxing after a night out downtown. Unique design elements, curated fixtures, and abundant natural light highlight this industrial minimalistic style. At the time of this posting, this is the only 3-bedroom condo available within the downtown borders listed under $1 million. Providing an exceptional opportunity for buyers seeking space, walkability, and long-term value in one of Knoxville's most desirable corridors. Step outside your door and walk to Market Square, award-winning restaurants, local coffee shops, live music, and entertainment venues like the historic Tennessee Theatre and Bijou Theatre. Enjoy nearby riverfront access, rooftop dining, and the vibrant energy that continues to fuel downtown Knoxville's strong residential demand. Whether you're looking for a primary residence, a second home, or an investment in a thriving urban market, this address delivers lifestyle, location, and rarity all in one. **The beds and the kitchen island will convey.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Consumo 865-386-3406,

    Terminus Real Estate, Inc.

    Bought with:

    Amie Dearing, 339505

    Keller Williams

    Mark Day, 361319

    Source: East Tennessee Realtors,MLS#: 1330595MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
    Features
    • Kitchen Island, Elevator, Eat-in Kitchen
    • Flooring: Other
    • Windows: Aluminum Frames
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,260
    • Total interior livable area: 1,260 sqft

    Property

    Parking
    • Parking features: On Street, Off Street, Other
    • Has uncovered spaces: Yes
    Features
    • Has view: Yes
    • View description: Mountain(s), City
    Lot
    • Size: 1,306 Square Feet
    • Features: Other
    Details
    • Parcel number: 094EG04301S

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Historic
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Steel, Stone, Brick, Metal Siding, Block
    Condition
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks
    • Security: Smoke Detector(s)
    • Subdivision: Sterchi Lofts Condos Unit 407
    HOA
    • Has HOA: Yes
    • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
    • HOA fee: $346 monthly
    Location
    • Region: Knoxville

    Financial & listing details

    • Price per square foot: $504/sqft
    • Tax assessed value: $430,400
    • Annual tax amount: $1,672
    • Date on market: 2/26/2026

    Price history

    DateEventPrice
    7/22/2026Listing removed$2,700$2/sqft
    Source: Zillow Rentals Report a problem
    7/10/2026Price change$2,700-3.6%$2/sqft
    Source: Zillow Rentals Report a problem
    6/24/2026Listed for rent$2,800$2/sqft
    Source: Zillow Rentals Report a problem
    4/14/2026Sold$635,000-2.3%$504/sqft
    Source: East Tennessee Realtors #1330595 Report a problem
    3/3/2026Pending sale$650,000$516/sqft
    Source: East Tennessee Realtors #1330595 Report a problem
    2/26/2026Listed for sale$650,000+36.8%$516/sqft
    Source: East Tennessee Realtors #1330595 Report a problem
    4/15/2022Sold$475,000$377/sqft
    Source: East Tennessee Realtors #1185116 Report a problem
    3/25/2022Pending sale$475,000$377/sqft
    Source: East Tennessee Realtors #1185116 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,672 $107,600
    2024$1,672 $107,600
    2023$1,672 +181.5%$107,600 +181.3%
    2022$594 -10.4%$38,250 +22.3%
    2021$663 $31,275 -75%
    2020$663 $125,100
    2019-- --
    Find assessor info on the county website

    Neighborhood: Old City

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $644,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $644,100