Turnkey Cash-Flow Investment Property - Lease in Place Until Early Jan 1, 2027.
This modern 3-bedroom, 2-bathroom home (built 2021) offers approximately 1,200 sq ft of comfortable living space.
Excellent rental history with professional management
Open floor plan with bright living area and updated kitchen
Master suite with private bath
Backyard with patio and ample driveway parking in the rear.
Located in the desirable Fountain City area with easy access to I-75, shopping, dining, and downtown Knoxville. This property delivers immediate, predictable income with minimal vacancy risk. The existing lease automatically transfers to the new owner, making this a true turnkey investment opportunity.
Perfect for investors seeking stable cash flow.
Tenant occupied - shown by appointment only. Serious buyers only- 24 Hour Notice Required
Virtual tour and photos have been edited to remove tenant possessions
All information is deemed reliable but is not guaranteed. Buyer and Buyer's Agent are responsible for verifying all square footage, lot size, taxes, rental history, and any other material facts.
Active
Price cut: $16K (7/29)
$314,000
524 Midlake Dr, Knoxville, TN 37918
3beds
1,200sqft
Single Family Residence
Built in 2021
6,969 Square Feet Lot
$-- Zestimate®
$262/sqft
$-- HOA
What's special
Backyard with patioUpdated kitchen
- 64 days
- 275
- 13
Zillow last checked:
Listing updated:
Listed by:
Priscilla Wilmoth 865-205-9299,
United Real Estate Solutions 865-444-2400
Source: East Tennessee Realtors,MLS#: 1346027
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
Features
- Flooring: Laminate
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Property
Parking
- Parking features: Off Street
Lot
- Size: 6,969 Square Feet
- Features: Corner Lot, Level
Details
- Parcel number: 058KB012
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Frame
Condition
- Year built: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Fountain City Co
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $262/sqft
- Tax assessed value: $201,500
- Annual tax amount: $783
- Date on market: 6/26/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $314,000-4.8%$262/sqft |
Source: | ||
| 7/7/2026 | Price change | $330,000-1.5%$275/sqft |
Source: | ||
| 6/26/2026 | Listed for sale | $335,000+8.1%$279/sqft |
Source: | ||
| 12/12/2025 | Listing removed | $1,895$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/21/2025 | Price change | $1,895-5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/10/2025 | Price change | $1,995-2.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/24/2025 | Price change | $2,045-4.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/26/2025 | Price change | $2,145-2.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/9/2025 | Listed for rent | $2,195$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/5/2025 | Sold | $310,000-0.8%$258/sqft |
Source: | ||
| 8/5/2025 | Pending sale | $312,500$260/sqft |
Source: | ||
| 7/28/2025 | Price change | $312,500-3.8%$260/sqft |
Source: | ||
| 7/24/2025 | Listed for sale | $325,000+61.2%$271/sqft |
Source: | ||
| 7/28/2021 | Sold | $201,600+1160%$168/sqft |
Source: Public Record Report a problem | ||
| 11/30/2018 | Sold | $16,000+60%$13/sqft |
Source: Public Record Report a problem | ||
| 12/4/2002 | Sold | $10,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $783 | $50,375 |
| 2024 | $783 | $50,375 |
| 2023 | $783 | $50,375 |
| 2022 | $783 +92.9% | $50,375 +163.1% |
| 2021 | $406 +915% | $19,150 +155.3% |
| 2020 | $40 | $7,500 |
| 2019 | $40 | $7,500 -55.6% |
| 2018 | $40 -53.6% | $16,900 +801.3% |
| 2017 | $86 +1.8% | $1,875 |
| 2016 | $85 | -- |
| 2015 | $85 | -- |
| 2014 | $85 | -- |
Find assessor info on the county website
Monthly payment
Est. payment








