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Redevelopment Multifamily Apartment Building
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2730 E Magnolia Ave, Knoxville, TN 37914

Apartment complex with 56 units, offering diverse unit sizes and an opportunity to update under qualifying incentives.

Property SizeContact for details
Days on Market134

Property Features for 2730 E Magnolia Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Opportunity Zone Yes
Multifamily Units 56
Listing Agency: NAI Koella | RM Moore
Listed By: Heidi Adams · License #TN 00320097
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 7:42PM

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 NAI Koella | RM Moore

Investment Insights

Based on property information with market context.

This redevelopment-focused multifamily apartment complex includes 56 residential units. The buildings are described as having solid structural “bones” and a unique architectural design, with historical relevance noted alongside a variety of unit sizes.

The property is located in an Opportunity Zone. Public remarks also reference local, state, and federal incentives that may offer an opportunity to update and improve the buildings, subject to qualification.

Prospective investors and developers may evaluate the existing unit mix, the architectural characteristics, and the incentive eligibility to determine fit for a redevelopment plan.

Key Highlights

  • Apartment complex with 56 multifamily units
  • Buildings feature a unique architectural design and historical relevance
  • Variety of unit sizes across the 56‑unit complex

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

56
Residential units

Location Intelligence

Trade Area within ½ mile

448
Businesses Nearby

Demographics for 37914, TN

20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment complex with 56 units, offering diverse unit sizes and an opportunity to update under qualifying incentives.
Where is this apartment building located?
The property is located at 2730 E Magnolia Ave Knoxville, TN.
What are key features of this property?
This property features: Apartment complex with 56 multifamily units; Buildings feature a unique architectural design and historical relevance; Variety of unit sizes across the 56‑unit complex
(865) 862-6412 Call to check price and availability
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