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    Updated Duplex in Knoxville, TN Title is generated by Realmo AI

    2430 Parkview Ave, Knoxville, TN 37917

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    Claim this Listing
    For Sale
    $300,000

    MULTI_FAMILY - Knoxville, TN

    Property size:
    2,231 SF
    Price / SF:
    $134/SF
    Added:
    Apr 16, 2026
    Days on Market:
    60
    Last Refresh:
    Jun 14 at 8:06 pm

    Property Features for 2430 Parkview Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Dining Room
    Parking features
    Off Street, On Street
    Patio and Porch features
    Porch
    Interior features
    Pantry
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    082OH008
    Size
    2,231 SF

    Taxes and HOA fees

    Tax Annual Amount
    3466

    Utilities

    Heating system
    Baseboard, Electric (Heating), Natural Gas, Central
    Cooling system
    Central Air, Ceiling Fan(s), Window Unit(s)

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Hardwood, Laminate
    Building materials
    Vinyl Siding, Brick, Frame
    Roof type
    Shingle

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    Listing Contact
    Justin Myers

    Listing agent Justin Myers

    Listing office eXp Realty, LLC 3401 Mallory Lane #100, Franklin, TN

    Listing date Apr 16, 2026

    MLS# 1337025 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

    • Income‑producing duplex with one unit currently rented at $1,525/month.
    • Downstairs unit (1,666 sq ft) has potential to be reconfigured into a 3- or 4‑bedroom layout.
    • Significant 2024‑2025 updates including new roof, new HVAC, new water heater, new kitchen, refinished hardwood floors, and fresh paint.
    • Prime location approximately 5 minutes from Downtown Knoxville and less than 10 minutes to the University of Tennessee.
    • Downstairs unit features hardwoods, 12‑foot ceilings, and a fireplace.
    • Proximity to Knoxville Botanical Garden, breweries, dining, shopping, Old City, and Market Square.

    Overview

    This updated duplex in Knoxville, TN, presents an opportunity for rental income. The downstairs unit, encompassing 1,666 square feet, features 2 bedrooms and 2 baths and is currently rented for $1,525 per month. There is potential to reconfigure this unit into a 3- or 4-bedroom layout. The upstairs unit, with 706 square feet, includes 1 bedroom and 1 bath and is currently vacant. The downstairs unit includes hardwood floors, 12-foot ceilings, and a fireplace. Major updates in 2024 include a new roof, drywall, downstairs kitchen, refinished hardwood floors, full interior and exterior paint, new toilets, and bathroom improvements. Further updates planned for 2025 include a new downstairs water heater and new HVAC with ductwork. Located approximately 5 minutes from Downtown Knoxville and less than 10 minutes from the University of Tennessee, the property is also near the Knoxville Botanical Garden, breweries, dining, and shopping. It is conveniently located near Old City, Market Square, and major Knoxville restaurants, entertainment, and urban amenities.

    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 $33.5k $15.00
    − Vacancy −$2.4k −$1.07
    EGI $31.1k $13.93
    − OpEx −$9.3k −$4.18
    NOI $21.8k $9.75
    2,231 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $310.8K
    $272.0K – $362.6K (±1% cap)
    NOI $21,758 @ 7.0% cap · market cap 7.25%
    Second Best
    Apartment 5plus
    $286.0K
    $250.3K – $333.7K (±1% cap)
    NOI $20,022 @ 7.0% cap · market cap 6.67%
    Theoretical Best
    Office A
    $552.6K
    $483.5K – $644.7K (±1% cap)
    NOI $38,680 @ 7.0% cap · market cap 12.89%
    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
    -83.895362
    Latitude
    35.982531

    FAQs

    What type of property is this?
    Duplex - Updated duplex near downtown Knoxville and University of Tennessee.
    Where is this duplex located?
    The property is located at 2430 Parkview Ave Knoxville, TN.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Income‑producing duplex with one unit currently rented at $1,525/month.; Downstairs unit (1,666 sq ft) has potential to be reconfigured into a 3- or 4‑bedroom layout.; **Significant 2024‑2025 updates including new roof, new HVAC, new water heater, new kitchen, refinished hardwood floors, and fresh paint.**
    More about this property
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