Start your summer in the city with this 2-bedroom, 1-bathroom condo located on the 9th floor of the historic Sterchi Lofts building in downtown Knoxville. This bright and airy unit features expansive windows, high ceilings, and an open-concept kitchen and living area. The kitchen is equipped with sleek finishes and stainless steel appliances, while modern rolling doors add a stylish touch to each bedroom. The bathroom includes a beautifully tiled shower and a stackable washer and dryer. Residents enjoy secure building access, a well-equipped community gym, and rooftop seating with stunning city views. Just steps from Market Square and the Old City, this is a rare opportunity to own a piece of Knoxville's history in a prime location. Schedule your private showing today.
Sold for $480,000
$480,000
116 S Gay St #903, Knoxville, TN 37902
2beds
900sqft
Condominium
Built in 1920
-- sqft lot
$487,100 Zestimate®
$533/sqft
$2,303 Estimated rent
Home value
$487,100
Estimated sales range
Not available
$2,303/mo
Zestimate® history
Owner options
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$2,303/mo
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$2,938/mo
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$2,938/mo
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List your homeWhat's special
Sleek finishesStainless steel appliancesStackable washer and dryerHigh ceilingsExpansive windowsBeautifully tiled showerModern rolling doors
Zillow last checked:
Listing updated:
Listed by:
Gabi Stephens 615-419-6788,
Terminus Real Estate, Inc.
Bought with:
Terri L Kerr, 301514
Realty Executives Associates
Source: East Tennessee Realtors,MLS#: 1298718
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
Features
- Eat-in Kitchen
- Flooring: Other
- Windows: Aluminum Frames
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 900
- Total interior livable area: 900 sqft
Property
Parking
- Parking features: On Street, Off Street, Other
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City
Lot
- Size: 871.20 sqft
- Features: Other
Details
- Parcel number: 094EG04303L
Construction
Type & style
- Home type: Condo
- Architectural style: Other,Historic
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other, Brick
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Knoxville
- Subdivision: Sterchi Lofts Condos Unit 903
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $229 monthly
- Amenities included: Security, Other
- Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, All Amenities, Trash, Some Amenities, Maintenance Grounds
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2025 | Sold | $480,000-2%$533/sqft |
Source:  East Tennessee Realtors #1298718 Report a problem | ||
| 8/21/2025 | Pending sale | $490,000$544/sqft |
Source: East Tennessee Realtors #1298718 Report a problem | ||
| 7/9/2025 | Price change | $490,000-2%$544/sqft |
Source: East Tennessee Realtors #1298718 Report a problem | ||
| 6/20/2025 | Price change | $500,000-2.9%$556/sqft |
Source: East Tennessee Realtors #1298718 Report a problem | ||
| 6/2/2025 | Price change | $515,000-1.9%$572/sqft |
Source: East Tennessee Realtors #1298718 Report a problem | ||
| 4/25/2025 | Listed for sale | $525,000+25%$583/sqft |
Source: East Tennessee Realtors #1298718 Report a problem | ||
| 2/25/2022 | Sold | $420,000+5%$467/sqft |
Source: East Tennessee Realtors #1178492 Report a problem | ||
| 1/25/2022 | Pending sale | $400,000$444/sqft |
Source: East Tennessee Realtors #1178492 Report a problem | ||
| 1/21/2022 | Listed for sale | $400,000$444/sqft |
Source: East Tennessee Realtors #1178492 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,413 | $90,900 |
| 2024 | $1,413 | $90,900 |
| 2023 | $1,413 +227.1% | $90,900 +226.7% |
| 2022 | $432 -8.7% | $27,825 +24.8% |
| 2021 | $473 | $22,300 -75% |
| 2020 | $473 | $89,200 |
| 2019 | -- | -- |
Find assessor info on the county website
Neighborhood: Old City
Nearby schools
GreatSchools rating
- 9/10Sequoyah Elementary SchoolGrades: K-5Distance: 3.5 mi
- 2/10Vine Middle/MagnetGrades: 6-8Distance: 0.9 mi
- 4/10Austin East High/MagnetGrades: 9-12Distance: 2.4 mi
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Estimated market value
$487,100
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
$487,100
- Tennessee
- Knox County
- Knoxville
- 37902
- Old City
- 116 S Gay St Unit 903
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