Charming Historic Fourth & Gill
903 Luttrell St Knoxville, TN 37917
903 Luttrell St, Knoxville, TN, 37917
$795,000
For Sale
$795,000
MULTI_FAMILY - Knoxville, TN
Property Size5,608 SF
Lot Size0.17 Acres
Price / SF$141.76
Days on Market153
Property Features for 903 Luttrell St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 8
- 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
- Natural Gas, Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 4
- Flooring type
- Hardwood, Tile
- Building materials
- Frame
- Roof type
- Composition
Listing agency
Goldman Partners Realty, LLC
(865) 444-3240
Listed by
Solange Velas · License #263596
(865) 444-3241
Added: Feb 20 Updated: Jul 13 at 12:34PM Checked: Jul 23 at 4:06AM
MLS# 1330030
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Charming 4‑plex on a corner lot in the Historic Fourth & Gill neighborhood
- Year built: 1920; frame construction with composition roof
- Hardwood and tile flooring, with high ceilings, and wood bannisters and doors
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
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: Charming 4‑plex on a corner lot in the Historic Fourth & Gill neighborhood; Year built: 1920; frame construction with composition roof; Hardwood and tile flooring, with high ceilings, and wood bannisters and doors
