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    605 Gill Ave Knoxville, TN 37917

    For Sale
    $735,000

    MULTI_FAMILY - Knoxville, TN

    Property size:
    3,164 SF
    Lot size:
    0.09 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 12 at 6:06 am

    Property Features for 605 Gill Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Wood Frames
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
    Bedrooms
    4
    APN
    081mk002
    Exterior features
    Balcony
    Appliances
    Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
    Size
    3,164 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air, Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1910
    Number of units
    4
    Flooring type
    Hardwood, Laminate
    Building materials
    Frame
    Roof type
    Asphalt

    United Real Estate Solutions (865) 621-2040 [email protected]

    Listing agent Shawn King (865) 444-2400

    Listing date Nov 17, 2025

    MLS# 1287625 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Knoxville Fourplex Investment Opportunity

    Located in Knoxville's historic 4th and Gill District, near Downtown Knoxville, this property is a fourplex with 3,164 square feet. It features two downstairs 1-bedroom units and two upstairs units that share an upstairs balcony. All units are currently under 12-month leases. Unit 1 rents for $1250, Unit 2 rents for $1500, Unit 3 rents for $1250 and includes a washer and dryer, and Unit 4 rents for $1250. Convenient parking options are available, including off-street, on-premise, and on-street parking. There is ample room to create a parking pad in the rear of the property. The roof is 14 years old. The owner replaced the water heaters and three HVAC units in 2023. Unit 1 has a slight slope, and the home steeling has been reinforced with support piers in the basement. This property offers an opportunity to own a piece of Knoxville's history while generating steady rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.919524
    Latitude
    35.979516

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    FAQs

    What type of property is this?
    Quadplex - Fourplex in Knoxville's historic district, generating steady rental income.
    Where is this quadplex located?
    The property is located at 605 Gill Ave Knoxville, TN.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: - Located in the highly desirable Historic 4th and Gill District near Downtown Knoxville.; - Income-generating 4-plex property with all units currently leased.; - Recent upgrades include new water heaters and 3 HVAC units (2023).
    (865) 444-2400
    Request Owner's contact information
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    Knoxville, TN 37917
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605 Gill Ave Knoxville, TN 37917
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