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For sale
  • $557,500

    116 S Gay St #L101, Knoxville, TN 37902

    2beds
    1,130sqft
    : 
    $3,838/mo
    Get pre-qualified
    Condominium
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $493/sqft
    $290/mo HOA

    What's special

    Experience the best combination of value and location downtown at Sterchi Lofts. Enjoy urban living at its finest in this beautiful 2-bedroom, 2-bath condo located in the heart of Downtown Knoxville. Nestled in the historic Sterchi Lofts, level L supports only 4 total units on the entire floor and is also ground level on the back side of the building making moving furniture and unloading groceries easier than on other floors. This home puts you within walking distance of the Tennessee Theatre, Market Square, Old City, and the exciting new Smokies baseball stadium. You're also just minutes from the University of Tennessee campus and the vibrant South Knoxville riverfront. Step inside to an open-concept floor plan filled with natural light from the large living room window that is one of the few units downtown with views of trees and grass instead of brick and concrete. The 2nd bathroom was remodeled and updated. This unit also is wired for AT&T fiber optic, ideal for remote work or streaming. Residents enjoy access to the on-site fitness center which is conveniently located on the same floor and a rooftop deck offering stunning views of the Knoxville skyline, the Great Smoky Mountains, and the new baseball stadium. Enjoy the ultimate downtown lifestyle with Knoxville's best restaurants, bars, and entertainment right outside your door. Outdoor lovers will appreciate hiking and biking over 30 miles of greenways, boating and kayaking at Volunteer Landing, as well as the trails, ropes course and quarry at the nearby Ijams Nature Center. Don't miss this opportunity to own in the heart of downtown, in one of Knoxville's most centrally located buildings. *Bathroom mirrors do not convey. Buyers to verify square footage. Additional storage available to rent separately.
    265 days
    |
    244
    |
    13
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    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#: 1321890MLS 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: 1,130
      • Total interior livable area: 1,130 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: 094EG04300A

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Historic
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Steel, Other, 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 L101
      HOA
      • Has HOA: Yes
      • Services included: Pest Control, Fire Protection, Maintenance Structure, Insurance, Trash, Some Amenities, Maintenance Grounds
      • HOA fee: $290 monthly
      Location
      • Region: Knoxville

      Financial & listing details

      • Price per square foot: $493/sqft
      • Tax assessed value: $419,900
      • Annual tax amount: $1,631
      • Date on market: 11/14/2025

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/13/2026Price change$557,500-2.6%$493/sqft
        Source: East Tennessee Realtors #1321890 Report a problem
        1/16/2026Price change$572,500-2.6%$507/sqft
        Source: East Tennessee Realtors #1321890 Report a problem
        11/14/2025Listed for sale$587,500-12.2%$520/sqft
        Source: East Tennessee Realtors #1321890 Report a problem
        6/5/2025Listing removed$669,000$592/sqft
        Source: East Tennessee Realtors #1298878 Report a problem
        4/26/2025Listed for sale$669,000$592/sqft
        Source: East Tennessee Realtors #1298878 Report a problem
        9/30/2024Listing removed$669,000$592/sqft
        Source: East Tennessee Realtors #1249620 Report a problem
        2/16/2024Price change$669,000-1.5%$592/sqft
        Source: East Tennessee Realtors #1249620 Report a problem
        1/8/2024Listed for sale$679,000+87.5%$601/sqft
        Source: East Tennessee Realtors #1249620 Report a problem
        5/26/2020Sold$362,175$321/sqft
        Source: East Tennessee Realtors #1117965 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,631 $104,975
        2024$1,631 $104,975
        2023$1,631 $104,975
        2022$1,631 +1.2%$104,975 +38.1%
        2021$1,612 +171.8%$76,025 -32%
        2020$593 $111,800
        2019-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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