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    Renovated Duplex Near Downtown Knoxville Title is generated by Realmo AI

    1709 E 5th Ave, Knoxville, TN 37917

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    For Sale
    $399,999

    MULTI_FAMILY - Knoxville, TN

    Property size:
    2,721 SF
    Price / SF:
    $147/SF
    Added:
    May 4, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 25 at 7:06 am

    Property Features for 1709 E 5th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
    Parking features
    Off Street
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    082PK031
    Size
    2,721 SF

    Taxes and HOA fees

    Tax Annual Amount
    2549

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Shingle

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    Contact an agent
    Shardae Harris-Green

    Listing agent Shardae Harris-Green

    Listing office Slyman Real Estate 105 Center Park Dr Ste 102, Knoxville, TN

    Listing date May 4, 2026

    MLS# 1339530 Listing URL

    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

    • Prime location minutes from the new stadium and downtown Knoxville.
    • Completely renovated duplex with strong income potential.
    • Versatile layout: upper unit (3 bed/1 bath), lower unit (2 bed/1 bath).
    • Adjacent land available for purchase, offering expansion opportunities.
    • Updates completed within the last five years, blending character and modern appeal.
    • High‑demand area with easy access to dining, entertainment, and ongoing development.

    Overview

    This completely renovated duplex is located in a prime Knoxville location, just minutes from the new stadium and downtown. The property features 10-foot ceilings, large bedrooms, and updates completed within the last five years, offering both character and modern appeal. The upper unit includes 3 bedrooms and 1 bath, while the lower unit offers 2 bedrooms and 1 bath, creating a versatile layout with strong income potential. It is ideal for owner-occupants looking to offset their mortgage or those seeking a well-positioned addition to their portfolio. Located in a high-demand area with easy access to dining, entertainment, and ongoing development, this is a rare opportunity to own in one of Knoxville's fastest-growing areas. The property size is 2721 square feet. Adjacent land is also available for purchase, offering potential for assemblage or expanded investment opportunity.

    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 $40.8k $15.00
    − Vacancy −$2.9k −$1.07
    EGI $37.9k $13.93
    − OpEx −$11.4k −$4.18
    NOI $26.5k $9.75
    2,721 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $379.1K
    $331.7K – $442.3K (±1% cap)
    NOI $26,536 @ 7.0% cap · market cap 6.63%
    Second Best
    Apartment 5plus
    $348.8K
    $305.2K – $407.0K (±1% cap)
    NOI $24,419 @ 7.0% cap · market cap 6.10%
    Theoretical Best
    Office A
    $673.9K
    $589.7K – $786.3K (±1% cap)
    NOI $47,176 @ 7.0% cap · market cap 11.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.907945
    Latitude
    35.980177

    FAQs

    What type of property is this?
    Duplex - Completely renovated duplex with income potential near downtown and stadium.
    Where is this duplex located?
    The property is located at 1709 E 5th Ave Knoxville, TN.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: Prime location minutes from the new stadium and downtown Knoxville.; Completely renovated duplex with strong income potential.; Versatile layout: upper unit (3 bed/1 bath), lower unit (2 bed/1 bath).
    More about this property
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