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BJ Can Help You Purchase This Home
Thank you for choosing Daniel Parker! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find your dream home. On the lake, around town or out on a farm. Remember, BJ is here to help!
1243 Iredell Ave, Knoxville, 37921
Priced At: $179,900
Property Details for ID: 1335200
SqFt: 1,440
Price SqFt: $125
Total Bedrooms: 4
Full Baths: 2 / Half Baths: 0
MLS Status: Pending - Continue to Show - Inspection
Property Type: Residential
On Market Date: 2026-04-02T19:16:12Z
Subdivision: Doll Mynderse & Brownlees 2nd Add
Public Remarks: ***OFFERS ACCEPTED UNTIL MONDAY AT 10:00 AM*** Income-Producing Opportunity with Renovated ADU - Minutes from Downtown Knoxville This versatile property offers a rare opportunity for both investors and house hackers with two income-producing living spaces on one lot. The main home features 3 bedrooms, 1 bathroom, and approximately 960 square feet of living space, while the property also includes a 480 square foot Additional Dwelling Unit (ADU)--perfect for generating additional rental income or accommodating guests. The ADU was fully renovated in 2020 after being converted from a former garage and includes its own mini-split HVAC system, creating a comfortable and efficient standalone space. Previously, the main unit rented for $2,100 per month with utilities included, while the ADU generated $1,100 per month with utilities included, highlighting the strong income potential this property offers. Located just minutes from downtown Knoxville, the University of Tennessee, and major commuter routes, this property provides both convenience and investment upside in a rapidly growing area. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this property delivers flexibility and opportunity. Buyer to verify all information. Home sold as-is.
Schools Information
Elementary School: MaynardMiddle / Junior School: Bearden
High School: Fulton
Building Description
Site Built: Yes
Year Built: 1930
Total Rooms: 4
SqFt (Total): 1,440
SqFt (Main Lvl): 960
SqFt (3rd Flr Lvl): 480
Full Baths: 2
1/2 Baths: 0
Fireplace: No
Bonus Room: No
Basement: No
Basement Type: Crawl Space
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: No
Heating & Cooling
Total Fireplaces: 0
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
From the Henley Street Bridge, head north on Henley St and merge onto I-275 N. Take the W Baxter Ave exit and continue on W Baxter Ave for approximately 0.4 miles. Turn onto Iredell Ave--the home will be on the right.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!