JUST REDUCED! 6 UNITS - FTN CITY - VACANT - FLOOD ZONE - Prequal required with all offers.
Located in the heart of Fountain City, this vacant 6-unit building offers a unique opportunity for investors seeking a property with strong upside potential. Situated in a highly sought-after area, this building consists of 4 2-bedroom, 1-bath units and 2 1-bedroom, 1-bath units. While the property does require substantial work (please see videos of all interiors), it is a value add play. If you're looking to renovate and flip, to create long-term rental income, the prime location and desirable unit mix offer the perfect foundation to unlock its full potential. This property is within walking distance to Kroger, coffee shops, two different parks and many fast food chains. . Seller to close at Tennessee Valley Title Kimberly D Carmosino and requests Buyer do same. The seller has sourced two insurance quotes for this property from TIS Insurance. First quote is for $250k in coverage and is priced at $1,751 and the second quote is for $400k in coverage at $5,891 per year.
Sold for $300,000
$300,000
308 Knox Rd, Knoxville, TN 37918
10beds
6baths
4,584sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$65/sqft
$1,457 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,457/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Solange Velas,
Goldman Partners Realty, LLC,
Sakaylea Sanders 865-258-4161,
Goldman Partners Realty, LLC
Bought with:
Hayden Smith, 365840
Keller Williams Realty
Source: East Tennessee Realtors,MLS#: 1291013
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Features
- Flooring: Laminate, Hardwood, Vinyl
Interior area
- Total structure area: 4,584
- Total interior livable area: 4,584 sqft
Property
Parking
- Parking features: On Premise Parking
Lot
- Size: 0.48 Acres
- Dimensions: 60 x 222M x IRR
Details
- Parcel number: 058KF010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Frame, Other
Condition
- Year built: 1940
Community & neighborhood
Location
- Region: Knoxville
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 5/16/2025 | Sold | $300,000-14.3%$65/sqft |
Source:  East Tennessee Realtors #1291013 Report a problem | ||
| 4/27/2025 | Pending sale | $349,900$76/sqft |
Source: East Tennessee Realtors #1291013 Report a problem | ||
| 4/24/2025 | Price change | $349,900-6.7%$76/sqft |
Source: East Tennessee Realtors #1291013 Report a problem | ||
| 4/10/2025 | Pending sale | $374,900$82/sqft |
Source: East Tennessee Realtors #1291013 Report a problem | ||
| 4/3/2025 | Price change | $374,900-6%$82/sqft |
Source: East Tennessee Realtors #1291013 Report a problem | ||
| 2/24/2025 | Listed for sale | $399,000+124.8%$87/sqft |
Source: East Tennessee Realtors #1291013 Report a problem | ||
| 10/2/2015 | Sold | $177,500+255%$39/sqft |
Source: Public Record Report a problem | ||
| 10/12/1995 | Sold | $50,000$11/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,281 | $146,800 |
| 2024 | -- | -- |
| 2023 | -- | -- |
| 2022 | $2,282 +57.4% | $146,840 +114.7% |
| 2021 | $1,450 | $68,400 -60% |
| 2020 | $1,450 | $171,000 |
| 2019 | $1,450 | $171,000 +60.4% |
| 2018 | $1,450 -53.8% | $106,600 +149.4% |
| 2017 | $3,135 +45.7% | $42,750 |
| 2016 | $2,151 | -- |
| 2015 | $2,151 | -- |
| 2014 | $2,151 +7.2% | -- |
| 2013 | $2,007 +160.8% | -- |
| 2012 | $769 | -- |
| 2011 | $769 | $32,600 |
| 2010 | $769 -16.2% | $32,600 -16.2% |
| 2009 | $919 +56.3% | $38,920 +78.2% |
| 2008 | $588 +60% | $21,840 +60% |
| 2007 | $367 | $13,650 |
| 2006 | $367 | $13,650 |
| 2005 | $367 +25.9% | $13,650 +38.6% |
| 2004 | $292 | $9,850 |
| 2003 | $292 | $9,850 |
| 2002 | -- | $9,850 |
| 2001 | -- | $9,850 +9.1% |
| 2000 | -- | $9,025 |
Find assessor info on the county website
Neighborhood: 37918
Nearby schools
GreatSchools rating
- 6/10Fountain City Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Gresham Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Central High SchoolGrades: 9-12Distance: 0.9 mi
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- Tennessee
- Knox County
- Knoxville
- 37918
- 308 Knox Rd
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