Renovated Triplex with Separate
117 East Glenwood Avenue Unit 1 Knoxville, TN 37917
117 East Glenwood Avenue Unit 1, Knoxville, TN, 37917
$649,900
For Sale
$649,900
Renovated three-story triplex with a full kitchen and one full bath on each level, totaling five bedrooms and three baths.
Property Size3,567 SF
Price / SF$182.20
Days on Market41
Property Features for 117 East Glenwood Avenue Unit 1
General Information
- Standard status
- Active
- Size
- 3,567 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Baine Realty Group
Listed by
Russ Ford
Source
Compass
Added: Jun 13 Updated: Jul 21 at 3:41PM Checked: Jul 22 at 10:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baine Realty Group
Investment Insights
Based on property information with market context.
This renovated three-story triplex provides three separate living units, with each floor featuring its own full kitchen, individual bedrooms, and one full bath. Across the property, there are a total of five bedrooms and three full bathrooms. The home has been updated with luxury vinyl plank flooring and new stainless steel appliances, along with updated living spaces and ample cabinet storage.
The property is located at 117 East Glenwood Avenue in Knoxville’s historic 4th & Gill neighborhood, with street views and easy access to downtown. Nearby amenities include Fort Dickerson Park, as well as local dining options and community events.
The lower and main levels are currently leased, while the top floor is move-in ready. With separate entrances, the layout offers flexibility for owner-occupancy alongside rental income.
The property is located at 117 East Glenwood Avenue in Knoxville’s historic 4th & Gill neighborhood, with street views and easy access to downtown. Nearby amenities include Fort Dickerson Park, as well as local dining options and community events.
The lower and main levels are currently leased, while the top floor is move-in ready. With separate entrances, the layout offers flexibility for owner-occupancy alongside rental income.
Key Highlights
- Renovated three‑story triplex with 3 separate units and separate entrances
- Each level includes its own full kitchen, 1 full bath, and individual bedrooms (5 bedrooms total)
- Central cooling; heating includes heat pump, natural gas, and electric
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 | $53.5k | $15.00 |
| − Vacancy | −$3.8k | −$1.07 |
| EGI | $49.7k | $13.93 |
| − OpEx | −$14.9k | −$4.18 |
| NOI | $34.8k | $9.75 |
3,567 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$497.0K
$434.8K – $579.8K
NOI $34,787 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$457.3K
$400.2K – $533.5K
NOI $32,012 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$883.5K
$773.0K – $1.03M
NOI $61,843 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Renovated three-story triplex with a full kitchen and one full bath on each level, totaling five bedrooms and three baths.
Where is this triplex located?
The property is located at 117 East Glenwood Avenue Unit 1 Knoxville, TN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Renovated three‑story triplex with 3 separate units and separate entrances; Each level includes its own full kitchen, 1 full bath, and individual bedrooms (5 bedrooms total); Central cooling; heating includes heat pump, natural gas, and electric
