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    Two Multifamily Buildings on One Lot Title is generated by Realmo AI

    1412-1418 Armstrong Ave, Knoxville, TN 37917

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    Claim this Listing
    For Sale
    $1,724,950

    MULTI_FAMILY - Knoxville, TN

    Property size:
    8,514 SF
    Price / SF:
    $202/SF
    Added:
    May 28, 2026
    Days on Market:
    26
    Last Refresh:
    Jun 22 at 1:06 pm

    Property Features for 1412-1418 Armstrong Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    16
    Rooms
    Bathroom 6, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 14, Bathroom 2, Bedroom 3, Bedroom 13, Bathroom 5, Bedroom 5, Bathroom 11, Bathroom 10, Bathroom 7, Bedroom 11, Bedroom 15, Bathroom 4, Bathroom 12, Bedroom 10, Bedroom 1, Bedroom 16, Bedroom 7, Bedroom 9, Bedroom 12, Bathroom 9, Bathroom 8, Bedroom 8
    Parking features
    On Street, Off Street
    Patio and Porch features
    Porch
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
    Standard status
    Active
    APN
    081LE027
    Size
    8,514 SF

    Taxes and HOA fees

    Tax Annual Amount
    15580

    Utilities

    Heating system
    Electric (Heating), Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    12
    Flooring type
    Hardwood, Laminate, Carpet
    Building materials
    Fiber Cement, Aluminum Siding, Cement Siding, Block, Frame, Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Christy CJ Pace
    Christy CJ Pace

    Listing agent Christy CJ Pace

    Listing office Pace Probity Asset Management 112 Glenhigh Court Suite 3, Knoxville, TN

    Listing date May 28, 2026

    MLS# 1343469 Listing URL

    Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 12 total units across two multi‑unit buildings at 1412 & 1418 Armstrong Ave on one deeded lot
    • 1418 Armstrong Ave: four fully furnished units with two 3BR/1.5BA and two 1BR/1BA units; shared HVAC for the 3BR/1.5BA units
    • 1412 Armstrong Ave: eight 1BR/1BA units, each separately metered with individual HVAC systems
    • All units require 30‑day minimum rentals; one unit could be STR if owner occupied purchase
    • On‑site laundry facility adds resident convenience
    • Built in 1920; includes appliances such as refrigerator, range, microwave, dishwasher, washer, and dryer; shingle roof

    Overview

    This offering combines two multifamily buildings at 1412 and 1418 Armstrong Ave on a single deeded lot, totaling 12 units. The 1418 Armstrong Ave building includes four fully furnished units: two units with 3 bedrooms and 1½ baths, full kitchens, and shared HVAC, plus two 1-bedroom, 1-bath units with private HVAC systems. The 1412 Armstrong Ave building contains eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility is available for residents.

    The properties are zoned RN4. The listing notes a flexibility in rental structure depending on occupancy: one unit could be used as a short-term rental if the owner occupies, while otherwise all units would need to be 30-day minimum rentals. The tenant roster has been cleaned up, and vacancies are being worked on or can be filled immediately by a new owner.

    This configuration can suit investors seeking a single purchase that supports long-term rentals with the ability to structure up to one unit as short-term rental if owner-occupied, subject to the stated 30-day minimum requirements. Units are separately set up for temperature control (private HVAC throughout 1412, and a mix at 1418), and the furnished options at 1418 may appeal to renters who value turnkey move-in convenience. Buyer to verify all information independently, including any lead-based paint considerations, as the property was built before 1978.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.921397
    Latitude
    35.989514

    FAQs

    What type of property is this?
    Apartment building - Twelve-unit multifamily portfolio with furnished units, separate metering, and laundry on one deeded lot in Knoxville.
    Where is this apartment building located?
    The property is located at 1412-1418 Armstrong Ave Knoxville, TN.
    What is the asking price?
    The asking price for this property is $1,724,950.
    What are key features of this property?
    This property features: 12 total units across two multi‑unit buildings at 1412 & 1418 Armstrong Ave on one deeded lot; 1418 Armstrong Ave: four fully furnished units with two 3BR/1.5BA and two 1BR/1BA units; shared HVAC for the 3BR/1.5BA units; 1412 Armstrong Ave: eight 1BR/1BA units, each separately metered with individual HVAC systems
    More about this property
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