The Sterchi Building located at 116 S Gay Street was originally the home of Sterchi Brothers Furniture headquarters, it also served as the largest Wholesale furniture center in the Southeast for decades. In 2002 the building was renovated into 100 modern, loft apartments ranging from studio to four-bedroom units. The conversion consists of several significant upgrades including: - new energy efficient appliances- modern HVAC units -designer-quality light fixtures-quartz countertops, deep stainless steel sinks, commercial grade kitchen faucets, -Delta plumbing fixtures, Roca (Spanish) tile in the showers and tub surrounds, -redesigned fitness center with Peloton, Nordic Track, Max Trainer and other high-end gym equipment
Sold for $404,000
$404,000
116 S Gay St APT 102, Knoxville, TN 37902
1beds
600sqft
Condo
Built in 1920
-- sqft lot
$401,700 Zestimate®
$673/sqft
$1,760 Estimated rent
Home value
$401,700
$370,000 - $438,000
$1,760/mo
Zestimate® history
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced air
Features
- Basement: None
Interior area
- Total interior livable area: 600 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 436 Square Feet
Details
- Parcel number: 094EG04300N
Construction
Type & style
- Home type: Condo
Materials
- Roof: Composition
Condition
- Year built: 1920
Community & HOA
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $673/sqft
- Tax assessed value: $256,400
- Annual tax amount: $996
Price history
| Date | Event | Price |
|---|---|---|
| 2/7/2025 | Sold | $404,000+87.9%$673/sqft |
Source: Public Record Report a problem | ||
| 8/13/2019 | Sold | $215,000$358/sqft |
Source:  East Tennessee Realtors #1084738 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $996 | $64,100 |
| 2024 | $996 | $64,100 |
| 2023 | $996 | $64,100 |
| 2022 | $996 +11.5% | $64,100 +52.3% |
| 2021 | $893 | $42,100 -75% |
| 2020 | $893 | $168,400 |
| 2019 | -- | -- |
Find assessor info on the county website
Neighborhood: Old City
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Nearby schools
GreatSchools rating
- 10/10Sequoyah 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
$401,700
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
$401,700
- Tennessee
- Knox County
- Knoxville
- 37902
- Old City
- 116 S Gay St Apartment 102
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