Skip main navigation
For sale
  • $340,000

    116 S Gay St APT 607, Knoxville, TN 37902

    1beds
    620sqft
    : 
    $2,331/mo
    Get pre-qualified
    Condominium
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $548/sqft
    $167/mo HOA

    What's special

    Authentic downtown loft charmStylish loft livingStainless steel appliancesModern industrial characterRoca spanish tile backsplashKitchen offers sleek cabinetryModern lighting
    Experience true urban living in the heart of Downtown Knoxville at historic Sterchi Lofts! Located on iconic Gay Street, this Furnished 1 bedroom, 1 bathroom condo offers stylish loft living and modern industrial character with unbeatable walkability. Unit 607 features industrial style with updated finishes, and an open-concept layout designed for both comfort and functionality. The kitchen offers sleek cabinetry, stainless steel appliances, Roca Spanish tile backsplash, and modern lighting, while the living space is filled with natural light and authentic downtown loft charm. The unit is being sold Furnished, creating a true turnkey opportunity for buyers, second-home owners, or investors looking for immediate long term rental potential. The historic Sterchi Lofts building is one of Downtown Knoxville's most recognizable residential addresses and places you steps away from Market Square, the Old City, World's Fair Park, and Knoxville's vibrant restaurant and entertainment scene. Enjoy walkable access to rooftop lounges, coffee shops, breweries, theaters, nightlife, live music, and sporting events. Nearby favorites include Market Square, Stock & Barrel, The Kennedy, and the historic Tennessee Theatre district along Gay Street. Outdoor enthusiasts will also love the close proximity to World's Fair Park and the Knoxville waterfront areas. It's also located just minutes to the University of Tennessee! Downtown Knoxville continues to experience strong residential growth and increasing demand for walkable urban living, making this condo an excellent opportunity for both personal use and long-term investment potential. Whether you're looking for a primary residence, game day condo, downtown getaway, or income-producing property, Unit 607 offers the ideal combination of location, lifestyle, and convenience. Live where Knoxville comes alive. **Paintings do not convey. All information is deemed to be correct but can be subject to change, Buyers to verify sq ft and HOA**
    85 days
    |
    241
    |
    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#: 1340076MLS Logo

      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, Self Cleaning Oven, Washer
      Features
      • Elevator, Eat-in Kitchen
      • Windows: Aluminum Frames
      • Basement: None
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 620
      • Total interior livable area: 620 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: 435 Square Feet
      • Features: Other
      Details
      • Parcel number: 094EG04302J

      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 607
      HOA
      • Has HOA: Yes
      • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
      • HOA fee: $167 monthly
      Location
      • Region: Knoxville

      Financial & listing details

      • Price per square foot: $548/sqft
      • Tax assessed value: $211,100
      • Annual tax amount: $820
      • Date on market: 5/8/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/8/2026Listed for sale$340,000$548/sqft
        Source: East Tennessee Realtors #1340076 Report a problem
        10/18/2025Listing removed$1,750$3/sqft
        Source: Zillow Rentals Report a problem
        8/7/2025Price change$1,750-5.4%$3/sqft
        Source: Zillow Rentals Report a problem
        6/26/2025Price change$1,850-7.5%$3/sqft
        Source: Zillow Rentals Report a problem
        5/13/2025Listed for rent$2,000$3/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$820 $52,775
        2024$820 $52,775
        2023$820 $52,775
        2022$820 -10.9%$52,775 +21.7%
        2021$920 +181.3%$43,375 -29.7%
        2020$327 $61,700
        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

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes