123 E Springdale Ave, Knoxville, TN 37917
MULTI_FAMILY - Knoxville, TN
- Added:
- Jun 29, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 1 at 12:06 pm
Property Features for 123 E Springdale Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Window features
- Aluminum Frames
- Patio and Porch features
- Porch
- Standard status
- Active
- APN
- 081FS024
- Size
- 1,956 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2297
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating), Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 3
- Flooring type
- Vinyl
- Building materials
- Vinyl Siding, Block, Frame
- Roof type
- Shingle
Listing agent Fredda Augusta Temples (865) 770-4030
Listing office The Real Estate Firm, Inc. 5315 N Broadway Street, KNOXVILLE, TN (865) 770-4030
Listing date Jun 29, 2026
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
- Multi‑family property with commercial zoning and a historic home built in 1915
- Each dwelling has a dedicated electric meter for independent utility usage
- Includes a fourth unfinished unit on the upper floor
- Recent upgrade: newer roof; roof type is shingle
- Central air cooling with electric heating, heat pump heating, and natural gas
- Porch, vinyl flooring; outdoor storage building with rear access from the back street
Overview
The home is located at 123 E Springdale Ave in Knoxville, TN 37917, just beyond the Happy Holler district as described in the remarks. The property sits on a 0.17-acre lot and provides rear access from a back street, supporting convenient off-street parking for residents or tenants.
For buyers and operators seeking a renovation-focused opportunity, this asset provides multiple living units and a partially completed space that can be brought to finish through targeted improvements. With independent electric metering already in place and a newer roof to account for one major exterior item, the property may support a straightforward path to stabilizing the units following the required interior and exterior updates.
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 | $29.3k | $15.00 |
| − Vacancy | −$2.1k | −$1.07 |
| EGI | $27.3k | $13.93 |
| − OpEx | −$8.2k | −$4.18 |
| NOI | $19.1k | $9.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.939524
- Latitude
- 35.990898
