BJ Can Help You Purchase This Unit

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 the perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!

123/125 S Chestnut St, Knoxville, 37914

Priced At: $549,900

Property Details for ID: 1343427



SqFt: 2,428
Price SqFt: $226
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-06-04T18:04:32Z
Subdivision: STRONG & THOMPSON E END

Public Remarks: Investment Opportunity or Owner-Occupant Dream in the Heart of Knoxville! Rare opportunity to own a nearly new construction duplex just minutes from Downtown Knoxville and convenient interstate access. Built only three years ago, this property offers modern finishes, strong rental income, and future upside that is difficult to find in today's market. Each unit features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, and a highly desirable floor plan with the primary bedroom located on the main level. The thoughtful design provides comfortable living while minimizing maintenance concerns often associated with older properties. One of the standout features of this duplex is the completely separate parking arrangement. Each unit has its own dedicated driveway located on opposite sides of the property, creating privacy and a single-family home feel that is uncommon among duplex properties. Unit 123 is currently leased for $1,975 per month on a one-year lease expiring in September, providing immediate income for investors. Unit 125 is vacant and ready for its next tenant or owner-occupant, offering flexibility to maximize returns or offset your mortgage with rental income. The property is situated on commercially zoned land, opening the door to numerous future possibilities and long-term value potential. With very few newer construction duplexes available in Knoxville--especially this close to downtown and major highways--this is a unique opportunity to acquire a versatile asset in a growing market. Whether you're looking to house hack, expand your investment portfolio, or secure a property with future development potential, this duplex checks all the boxes.

Schools Information

Elementary School: Sarah M Greene/Magnet
Middle / Junior School: Vine/Magnet
High School: Austin East/Magnet

Building Description

Year Built: 2023
SqFt (Total): 2,428
Sub-Type: Duplex
Sale Includes: Building and Land
Unit Type(s): 3 or more Bdrm Units

  Exterior Features

Features: Windows - Vinyl
Construction: Block, Frame
Siding: Vinyl

  Appliances

Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Smoke Detector

  Room Dimensions

  Interior Features

Floors: Carpet, Luxury Vinyl Plank
Other Rooms: Bedroom Main Level, Mstr Bdrm Main Level
Misc Features: Walk-in Shower, Walk-In Closet(s), WasherDryer Connect

  Property Details

Utilities

Fuel Types: Electric

Financing

Finance Options: Cash, Conventional, FHA, VA Loan
Gross Annual Income: 47,400
Annual Operating Expenses: 7,500
Net Operating Income: 39,900

  HOA Information

Heating & Cooling

Cooling Type(s): Central Cooling
Heat Type(s): Central

Garage / Parking

Off-Street Parking

  Community Features

Outbuildings


Presented By: / Real Broker

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

From Downtown Knoxville / I-40 E, head east on I-40 E toward Asheville. Take Exit 390 for N Cherry St. Turn right onto E Magnolia and then left on the N Chestnut St. The property will be on the right after 3 blocks. Can enter off of S Chestnut St or Louise Ave



Your commute

( Departing today at 8:00am )


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