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For sale
  • $945,000

    416 S Gay St APT 204, Knoxville, TN 37902

    2beds
    1,456sqft
    : 
    $6,411/mo
    Get pre-qualified
    Condominium
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $649/sqft
    $463/mo HOA

    What's special

    Soaring ceilings
    Experience urban living at its finest in Unit 204 of the iconic JC Penney Building, located in the heart of downtown Knoxville's vibrant Historic Gay Street district. This beautifully appointed 2-bedroom, 2-full-bath residence blends historic character with modern comfort, offering an exceptional opportunity to own a piece of Knoxville's rich architectural heritage. Situated within one of downtown's most recognizable landmarks, the condo features soaring ceilings, expansive windows that fill the space with natural light, and an open-concept layout designed for both everyday living and entertaining. Historic architectural details are thoughtfully preserved, creating a unique atmosphere that reflects the building's storied past while providing the conveniences of contemporary living. Elevator access offers added convenience and easy accessibility to the residence. Located directly above Maple Hall, one of downtown Knoxville's premier boutique bowling and entertainment destinations, the property places residents in the center of the city's dynamic energy while maintaining the privacy and comfort of an upscale residential retreat. Step outside your door and enjoy walkable access to Knoxville's premier restaurants, theaters, galleries, shops, and entertainment venues. Just moments from Market Square, the Tennessee Theatre, and the University of Tennessee campus, this location places the very best of downtown Knoxville within easy reach. Whether you're seeking a primary residence, a downtown retreat, or an investment opportunity, this unique find offers a rare combination of history, location, and urban sophistication in one of Knoxville's most sought-after addresses.
    3 days
    |
    325
    |
    14
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    Zillow last checked:

    Listing updated:

    Listed by:

    Blake Pruitt 865-323-2699,

    Alliance Sotheby's International Realty 865-357-3232

    Source: East Tennessee Realtors,MLS#: 1350838MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Heat Pump, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Walk-In Closet(s), Breakfast Bar, Eat-in Kitchen
      • Flooring: Hardwood, Tile
      • Windows: Insulated Windows
      • Basement: Other
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,456
      • Total interior livable area: 1,456 sqft

      Property

      Parking
      • Parking features: Other
      Features
      • Has view: Yes
      • View description: City
      Lot
      • Size: 1,306 Square Feet
      • Features: Other
      Details
      • Parcel number: 095IA03701E

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Other,Historic
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Other, Brick
      Condition
      • Year built: 1905

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Jc Penney Condo
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Structure, Insurance, Sewer, Maintenance Grounds, Water
      • HOA fee: $463 monthly
      Location
      • Region: Knoxville

      Financial & listing details

      • Price per square foot: $649/sqft
      • Tax assessed value: $456,400
      • Annual tax amount: $1,773
      • Date on market: 8/6/2026
      • Listing terms: New Loan,Second Mortgage,Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/6/2026Listed for sale$945,000-2.1%$649/sqft
        Source: East Tennessee Realtors #1350838 Report a problem
        7/31/2026Listing removed$965,000$663/sqft
        Source: East Tennessee Realtors #1341587 Report a problem
        5/20/2026Listed for sale$965,000+121.8%$663/sqft
        Source: East Tennessee Realtors #1341587 Report a problem
        1/26/2026Listing removed$3,400$2/sqft
        Source: Zillow Rentals Report a problem
        12/11/2025Listed for rent$3,400$2/sqft
        Source: Zillow Rentals Report a problem
        6/5/2019Sold$435,000-6.5%$299/sqft
        Source: Public Record Report a problem
        3/18/2019Listed for sale$465,000+31%$319/sqft
        Source: Owner Report a problem
        10/14/2016Sold$355,000$244/sqft
        Source: East Tennessee Realtors #967167 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,773 $114,100
        2024$1,773 $114,100
        2023$1,773 $114,100
        2022$1,773 -11.4%$114,100 +20.9%
        2021$2,001 $94,400 -75%
        2020$2,001 $377,600
        2019$2,001 $377,600 +6.5%
        2018$2,001 -56.8%$354,600 +275.6%
        2017$4,629 +91.6%$94,400
        2016$2,416 --
        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.
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        Climate risks

        Neighborhood: Downtown Knoxville

        Getting around

        92 / 100
        Walker's Paradise
        61 / 100
        Good Transit
        75 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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