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5-Unit Multifamily Property
For Sale
$2,425,000

1607 Queen Anne Way, Knoxville, TN 37916

Five units are leased through the 2026–27 school year, offering a defined lease horizon for the property.

Property Size5,250 SF
Price / SF$461.90
Days on Market194

Property Features for 1607 Queen Anne Way

General Information

Standard status Active
Size 5,250 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $9,149

Amenities

True
Yes
Laminate, Tile
Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Balcony
Fiber Cement, Frame

Building Details

Year Built 2003
Listing Agency: Imagine Real Estate
Listed By: Michael Allen
Source: Compass
Added: Feb 18 Changed: Aug 29 Last Checked: Aug 31 at 12:12AM

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 Imagine Real Estate

Investment Insights

Based on property information with market context.

Renaissance II includes five multifamily units totaling 5,250 square feet. The property was built in 2003, and the seller is the original developer. Interior features include laminate and tile finishes along with kitchens equipped with dishwashers, dryers, microwaves, ranges, refrigerators, self-cleaning ovens, and washers. Balconies are included among the exterior features, with fiber cement and frame construction noted.

The property is located at 1607 Queen Anne Way in Knoxville, Tennessee. All five units are leased through the 2026–27 school year, establishing a stated lease term across the existing unit portfolio.

Key Highlights

  • Five units totaling 5,250 SF
  • All units leased through the 2026–27 school year
  • Built in 2003

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Electrical Service Fish Market Clothing & Fashion 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,857
Businesses Nearby

Demographics for 37916, TN

14,400
Population
3,644
Households
4
Avg Household Size
21
Median Age
44%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
10,286
Density / Sq Mi
$17,982
Median Household Income
$6,798
Median Earnings
$1,176
Median Rent
$270,000
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?
Multifamily property - Five units are leased through the 2026–27 school year, offering a defined lease horizon for the property.
Where is this multifamily property located?
The property is located at 1607 Queen Anne Way Knoxville, TN.
What is the asking price?
The asking price for this property is $2,425,000.
What are key features of this property?
This property features: Five units totaling 5,250 SF; All units leased through the 2026–27 school year; Built in 2003
More about this property
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