Charming Historic Fourth & Gill
903 Luttrell St, Knoxville, TN 37917
MULTI_FAMILY - Knoxville, TN
Property size:
5,608 SFLot size:
0.17 AcresPrice / SF:
$141/SF- Added:
- Feb 20, 2026
- Days on Market:
- 102
- Last Refresh:
- Jun 2 at 12:06 pm
Property Features for 903 Luttrell St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 8, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
- Parking features
- On Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 081MN011
- Size
- 5,608 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9557
Utilities
- Heating system
- Central, Electric (Heating), Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 4
- Flooring type
- Tile, Hardwood
- Building materials
- Frame
- Roof type
- Composition
Listing agent Solange Velas (865) 444-3241
Listing office Goldman Partners Realty, LLC 1017 N Broadway, Knoxville, TN (865) 444-3240
Listing date Feb 20, 2026
MLS# 1330030
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
- Spacious Units: Average of 1200 sq ft with plenty of storage.
- Prime Location: Corner lot in the historic Fourth & Gill neighborhood with access to amenities.
- Original Charm: Hardwood floors, high ceilings, wood bannisters and doors.
- All units have central heating and cooling.
- Balconies: Two upstairs units have private staircases and covered balconies with rear access.
- Interiors have been upgraded over time.
Overview
This charming 4-plex is located on a corner lot in the historic Fourth & Gill neighborhood. The property, first time on the market since 2006, retains much of its original character, featuring hardwood floors, high ceilings, wood bannisters, and doors. The units are spacious, averaging over 1200 square feet, and offer ample storage. The two upstairs units, accessible via private staircases, include rear access to the backyard from their own covered balconies. All units are equipped with central HVAC, and the interiors have been upgraded over time. The property is situated in an amazing neighborhood with double-wide sidewalks, plenty of parking, and excellent access to bike paths, pocket parks, downtown, and the Old City. The lot size is 0.17 acres. The property size is 5608 square feet. This multifamily property presents a rare opportunity in a desirable location.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.1k | $15.00 |
| − Vacancy | −$6.0k | −$1.07 |
| EGI | $78.1k | $13.93 |
| − OpEx | −$23.4k | −$4.18 |
| NOI | $54.7k | $9.75 |
5,608 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$781.3K
$683.6K – $911.5K
NOI $54,691 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$719.0K
$629.1K – $838.8K
NOI $50,328 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,229 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.921402
- Latitude
- 35.979552
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Spacious 4-unit property with original charm in historic neighborhood.
Where is this quadplex located?
The property is located at 903 Luttrell St Knoxville, TN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Spacious Units: Average of 1200 sq ft with plenty of storage.; Prime Location: Corner lot in the historic Fourth & Gill neighborhood with access to amenities.; Original Charm: Hardwood floors, high ceilings, wood bannisters and doors.
