Knoxville Multifamily Investment Opportunity

311 Silver Place, Knoxville, TN 37917

View on Map

For Sale

$999,950

MULTI_FAMILY - Knoxville, TN

Property size:

5,626 SF

Price / SF:

$177/SF

Listing Contact

Christy CJ Pace

HighLights

7‑unit multifamily property in North Knoxville with long‑term rental operations
Revised rent structure includes a built‑in water/sewer offset, with utilities individually metered where applicable
Owner covers common utilities and water/sewer
Zoned RN‑4; metal roof; vinyl siding frame construction
Electric heating and central air; ceiling fan(s)
Built in 1899

For Sale

$999,950

MULTI_FAMILY - Knoxville, TN

Property size:

5,626 SF

Price / SF:

$177/SF

Added:: Oct 22, 2025
Days on Market:: 233
Last Refresh:: Jun 11 at 3:06 am

Property Features for 311 Silver Place

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 7
Rooms: Bathroom 3, Bedroom 7, Bathroom 6, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bathroom 5, Bathroom 7, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Parking features: On Street, Off Street
Patio and Porch features: Porch
Appliances: Range, Refrigerator
Standard status: Active
APN: 081MS014
Size: 5,626 SF

Taxes and HOA fees

Tax Annual Amount: 8759

Utilities

Heating system: Central, Electric (Heating)
Cooling system: Central Air, Ceiling Fan(s)

Building Details

Year built: 1899
Number of units: 7
Flooring type: Vinyl, Hardwood
Building materials: Vinyl Siding, Frame
Roof type: Metal

We can help!

Listing Contact

Christy CJ Pace

Listing agent Christy CJ Pace

Listing office Pace Probity Asset Management 112 Glenhigh Court Suite 3, Knoxville, TN

Listing date Oct 22, 2025

MLS# 1319536 Listing URL

HighLights

7‑unit multifamily property in North Knoxville with long‑term rental operations
Revised rent structure includes a built‑in water/sewer offset, with utilities individually metered where applicable
Owner covers common utilities and water/sewer
Zoned RN‑4; metal roof; vinyl siding frame construction
Electric heating and central air; ceiling fan(s)
Built in 1899

Overview

This well-located seven-unit multifamily property in North Knoxville presents an opportunity for investment. The property was recently taken over following foreclosure and a management transition. Current ownership has completed roster cleanup and implemented a revised rent structure that includes a built-in water/sewer offset, and is actively refilling vacant units. All units are operated as long-term rentals. This asset is best suited for a hands-on owner-operator seeking to complete lease-up and maximize cash flow through self-management and operational efficiency. Utilities are individually metered where applicable, with the owner covering common utilities and water/sewer. Income and expense figures reflect projected stabilized operations based on market-supported rents. The property is zoned RN-4. The property is located just minutes from Downtown Knoxville, UT, major employers, and local entertainment districts. The property size is 5626 square feet. The property was built before 1978 and may contain lead-based paint. Buyer to verify all information and perform independent due diligence.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$99.2k	$17.64
− Vacancy	−$7.4k	−$1.32
EGI	$91.8k	$16.32
− OpEx	−$41.3k	−$7.34
NOI	$50.5k	$8.97

5,626 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$721.3K

$631.1K – $841.5K (±1% cap)

NOI $50,490 @ 7.0% cap · market cap 5.05%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.39M

$1.22M – $1.63M (±1% cap)

NOI $97,541 @ 7.0% cap · market cap 9.75%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Knoxville
County: Knox
State: Tennessee
Longitude: -83.925048
Latitude: 35.980912

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For sale
Apartment buildings
TN
Knoxville
37917
311 Silver Place

What type of property is this?

Apartment building - Seven-unit multifamily property in North Knoxville, ideal for owner-operator.

Where is this apartment building located?

The property is located at 311 Silver Place Knoxville, TN.

What is the asking price?

The asking price for this property is $999,950.

What are key features of this property?

This property features: 7‑unit multifamily property in North Knoxville with long‑term rental operations; Revised rent structure includes a built‑in water/sewer offset, with utilities individually metered where applicable; Owner covers common utilities and water/sewer

311 Silver Place, Knoxville, TN 37917

MULTI_FAMILY - Knoxville, TN

Property Features for 311 Silver Place

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Fully Leased 4-Plex Income Property

Fully Leased Four-Plex Investment

Established Auto Repair Business For Sale

Turnkey Short-Term Rental Duplex

Five-Unit Multifamily Investment Opportunity

Knoxville Redevelopment Opportunity

Charming Historic Fourth & Gill 4-Plex

Duplex with Separate Driveways

Two Multifamily Buildings on One Lot

Three-Unit Residential Income Property

Hardee's NNN Lease Investment

Knoxville Multifamily Investment Opportunity

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