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Not Just a House -- This Is a Money-Making Investment Opportunity! Exceptional multi-family property zoned for commercial use and ideally located just outside Knoxville's vibrant Happy Holler district. With three income-producing units currently rented month-to-month, this property offers immediate cash flow plus excellent value-add potential. The two first-floor apartments rent for $1,200 per month each, while the upstairs unit rents for $1,000 per month, for a total of $3,400 per month. Tenants are responsible for their own utilities, and each dwelling has its own electric meter. The existing apartments could benefit from repairs, cleaning, and modernization, creating an opportunity for an investor to improve the property and potentially increase future rental income. An additional approximately 450 sq. ft. of unfinished upper-level space offers potential for an additional unit and income stream, subject to applicable zoning, permitting, inspections, and governmental approvals. Additional features include a newer roof, large lot, rear street access, and convenient off-street parking. With its desirable location, existing rental income, commercial zoning, and additional development potential, this is an opportunity for an investor looking to build value and maximize income in a growing Knoxville area.

Property Details of 123 E Springdale Avenue

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Listed by Fredda Augusta Temples of The Real Estate Firm,Inc.

Based on information submitted to East Tennessee Realtors as of September 27, 2026 6:54 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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