Updated Duplex in Knoxville,
2430 Parkview Ave Knoxville, TN 37917
For Sale
$300,000
MULTI_FAMILY - Knoxville, TN
Property Size2,231 SF
Price / SF$134.47
Days on Market106
Property Features for 2430 Parkview Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Dining Room, Bathroom 2
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
Natural Gas, Electric (Heating), Baseboard, 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
Listing Agency:
eXp Realty, LLC
(888) 519-5113
Listed By:
Justin Myers
(865) 730-0773
Added: Apr 16
Changed: Jul 11
Last Checked: Jul 30 at 1:06AM
MLS# 1337025
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Duplex in Knoxville, TN: downstairs unit 1,666 SF (2 bed, 2 bath) leased at $1,525/month
- Upstairs unit 706 SF (1 bed, 1 bath) is vacant
- Major 2024 updates: new roof, drywall, downstairs kitchen, refinished hardwood floors, full interior/exterior paint, updated toilets and bathroom improvements
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
NOI $21,758 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$286.0K
$250.3K – $333.7K
NOI $20,022 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$552.6K
$483.5K – $644.7K
NOI $38,680 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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: Duplex in Knoxville, TN: downstairs unit 1,666 SF (2 bed, 2 bath) leased at $1,525/month; Upstairs unit 706 SF (1 bed, 1 bath) is vacant; Major 2024 updates: new roof, drywall, downstairs kitchen, refinished hardwood floors, full interior/exterior paint, updated toilets and bathroom improvements
