Experience urban loft living in the historic Sterchi Building, located in the heart of downtown Knoxville. This stunning third-floor unit features expansive industrial windows, soaring ceilings, and exposed concrete floors, blending historic charm with modern comfort. The open-concept living and kitchen area offers sleek finishes, stainless steel appliances, and ample storage, while the bedroom provides a private retreat with modern sliding doors leading to the en-suite bathroom. A stackable washer and dryer is neatly tucked away in a closet to maximize space. The unit is currently leased through March 31, 2025, and the lease will convey to the new buyer. With secure building access and a prime location just steps from Market Square and Old City, this is a rare opportunity to own a piece of Knoxville's history. Sterchi Lofts also has a community gym as well as rooftop access with seating. Schedule your showing today!
Sold for $345,000
$345,000
116 S Gay St APT 304, Knoxville, TN 37902
1beds
660sqft
Condominium
Built in 1920
-- sqft lot
$349,600 Zestimate®
$523/sqft
$1,845 Estimated rent
Home value
$349,600
Estimated sales range
Not available
$1,845/mo
Zestimate® history
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$1,845/mo
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$2,168/mo
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$2,168/mo
Est. payment
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List your homeWhat's special
Sleek finishesStainless steel appliancesPrivate retreatAmple storageStackable washer and dryerExpansive industrial windowsSoaring ceilings
Zillow last checked:
Listing updated:
Listed by:
Gabi Stephens 615-419-6788,
Terminus Real Estate, Inc.
Bought with:
Wanda Lovelace
Crye-Leike Realtors South, Inc
Source: East Tennessee Realtors,MLS#: 1291581
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Eat-in Kitchen
- Flooring: Other
- Windows: Aluminum Frames, Drapes
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 660
- Total interior livable area: 660 sqft
Property
Parking
- Parking features: On Street, Off Street, Other
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City
Lot
- Size: 435 Square Feet
- Features: Other
Details
- Parcel number: 094EG04301F
Construction
Type & style
- Home type: Condo
- Architectural style: Other,Historic
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sterchi Lofts Condos Unit 304
HOA
- Has HOA: Yes
- Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
- HOA fee: $168 monthly
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $523/sqft
- Tax assessed value: $221,600
- Annual tax amount: $861
- Date on market: 3/20/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2025 | Sold | $345,000-4.2%$523/sqft |
Source:  East Tennessee Realtors #1291581 Report a problem | ||
| 3/28/2025 | Pending sale | $360,000$545/sqft |
Source: East Tennessee Realtors #1291581 Report a problem | ||
| 3/20/2025 | Listed for sale | $360,000$545/sqft |
Source: East Tennessee Realtors #1291581 Report a problem | ||
| 3/6/2025 | Pending sale | $360,000$545/sqft |
Source: East Tennessee Realtors #1291581 Report a problem | ||
| 3/1/2025 | Listed for sale | $360,000+65.9%$545/sqft |
Source: East Tennessee Realtors #1291581 Report a problem | ||
| 5/30/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/11/2024 | Price change | $1,850+5.7%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/11/2024 | Listed for rent | $1,750$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/9/2019 | Sold | $217,000$329/sqft |
Source: East Tennessee Realtors #1075019 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $861 | $55,400 |
| 2024 | $861 | $55,400 |
| 2023 | $861 | $55,400 |
| 2022 | $861 -11.6% | $55,400 +20.6% |
| 2021 | $974 | $45,950 -75% |
| 2020 | $974 | $183,800 |
| 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
$349,600
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
$349,600
- Tennessee
- Knox County
- Knoxville
- 37902
- Old City
- 116 S Gay St Apartment 304
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