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For sale
  • $370,000

    116 S Gay St APT 404, Knoxville, TN 37902

    1beds
    660sqft
    : 
    $2,515/mo
    Get pre-qualified
    Condominium
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $561/sqft
    $161/mo HOA

    What's special

    Loft-style sleeping areaOpen floor planStainless steel appliancesModern cabinetryNatural lightCustom rolling bookcaseSpanish roca tile backsplash
    Perfect for a student, young professional, or anyone seeking an urban lifestyle in the heart of Downtown Knoxville! Welcome to the iconic Sterchi Lofts, located on the 100 block of Knoxville's historic Arts District. This modern industrial-style condo features an open floor plan with several thoughtful upgrades. The owner installed a custom rolling bookcase, providing ample storage for textbooks, literature, and personal collections. The bedroom has been enhanced with a loft-style sleeping area and a walk-in closet design that maximizes both storage and functionality. Every inch of the condo has been carefully utilized to create an efficient and highly livable space. Additional upgrades include updated flooring throughout the unit. The kitchen offers modern cabinetry, a Spanish Roca tile backsplash, and stainless steel appliances. One of the most impressive features of the condo is its massive, nearly floor-to-ceiling windows that overlook the 100 block and provide panoramic views of the historic Arts District, filling the space with natural light. Residents of Sterchi Lofts enjoy access to an on-site fitness center, while the rooftop patio offers spectacular views of the downtown skyline and the Great Smoky Mountains in the distance. This prime location places you just steps from some of Downtown Knoxville's most popular destinations, including Market Square and the Old City. Enjoy convenient access to top-rated restaurants, coffee shops, nightlife, and entertainment venues such as the Tennessee Theatre and Bijou Theatre. The University of Tennessee is just minutes away, making this an excellent option for students, faculty, and professionals alike. From sporting events and festivals to concerts and cultural attractions, everything Knoxville has to offer is within walking distance. Whether you're searching for a primary residence, second home, or investment opportunity, this property delivers the ideal combination of location, lifestyle, and historic character. **NO showings on Friday evenings or on Saturdays**Buyers to verify square footage.
    49 days
    |
    326
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Consumo 865-386-3406,

    Terminus Real Estate, Inc. 865-673-6300,

    Gabi Stephens 615-419-6788,

    Terminus Real Estate, Inc.

    Source: East Tennessee Realtors,MLS#: 1344550MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
      Features
      • Elevator, Eat-in Kitchen
      • Flooring: Other
      • Windows: Aluminum Frames
      • 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: Mountain(s), City
      Lot
      • Size: 871 Square Feet
      • Features: Other
      Details
      • Parcel number: 094EG04301P

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Historic
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Steel, 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 404
      HOA
      • Has HOA: Yes
      • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
      • HOA fee: $161 monthly
      Location
      • Region: Knoxville

      Financial & listing details

      • Price per square foot: $561/sqft
      • Tax assessed value: $221,600
      • Annual tax amount: $861
      • Date on market: 6/13/2026
      • Listing terms: Alternative,Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/13/2026Listed for sale$370,000+61.6%$561/sqft
        Source: East Tennessee Realtors #1344550 Report a problem
        5/15/2020Sold$229,000+20.5%$347/sqft
        Source: East Tennessee Realtors #1113930 Report a problem
        5/23/2019Sold$190,000$288/sqft
        Source: East Tennessee Realtors #1080291 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Old City

        Getting around

        91 / 100
        Walker's Paradise
        59 / 100
        Good Transit
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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