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Pending
  • Price cut: $99K (7/17)
    $550,000

    116 S Gay St APT 709, Knoxville, TN 37902

    2beds
    1,260sqft
    : 
    $3,825/mo
    Get pre-qualified
    Condominium
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $437/sqft
    $346/mo HOA

    What's special

    Abundant natural lightCurated fixturesUnique design elements
    Experience authentic urban living in the heart of downtown Knoxville at 116 S Gay Street. Located on the historic 100 block of the Arts District, this unique 2-bedroom, 2-bath condo offers 1,260 square feet of thoughtfully designed space with an open floorplan that blends industrial character with warm, modern finishes. The main suite is expansive and the spacious kitchen with stainless appliances flows seamlessly into the dining and living areas--perfect for entertaining or relaxing after a night out downtown. Unique design elements, curated fixtures, and abundant natural light highlight this industrial minimalistic style. Providing an exceptional opportunity for buyers seeking space, walkability, and long-term value in one of Knoxville's most desirable corridors. Step outside your door and walk to Market Square, award-winning restaurants, local coffee shops, live music, and entertainment venues like the historic Tennessee Theatre and Bijou Theatre. Enjoy nearby riverfront access, rooftop dining, and the vibrant energy that continues to fuel downtown Knoxville's strong residential demand. Whether you're looking for a primary residence, a second home, or an investment in a thriving urban market, this address delivers lifestyle, location, and rarity all in one. **Buyers to verify sq ft, taxes and HOA dues.
    127 days
    |
    315
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Consumo 865-386-3406,

    Terminus Real Estate, Inc. 865-673-6300

    Source: East Tennessee Realtors,MLS#: 1334206MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
      Features
      • Elevator, Eat-in Kitchen
      • Flooring: Other
      • Windows: Aluminum Frames
      • Basement: None
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,260
      • Total interior livable area: 1,260 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: 1,306 Square Feet
      • Features: Other
      Details
      • Parcel number: 094EG04302W

      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 709
      HOA
      • Has HOA: Yes
      • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
      • HOA fee: $346 monthly
      Location
      • Region: Knoxville

      Financial & listing details

      • Price per square foot: $437/sqft
      • Tax assessed value: $377,600
      • Annual tax amount: $1,467
      • Date on market: 3/26/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/25/2026Pending sale$550,000$437/sqft
        Source: East Tennessee Realtors #1334206 Report a problem
        7/17/2026Price change$550,000-15.3%$437/sqft
        Source: East Tennessee Realtors #1334206 Report a problem
        3/26/2026Listed for sale$649,000+85.4%$515/sqft
        Source: East Tennessee Realtors #1334206 Report a problem
        9/8/2020Sold$350,000$278/sqft
        Source: East Tennessee Realtors #1116622 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,467 $94,400
        2024$1,467 $94,400
        2023$1,467 $94,400
        2022$1,467 -20.1%$94,400 +8.9%
        2021$1,837 +177.1%$86,650 -30.7%
        2020$663 $125,100
        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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