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109/115 E Glenwood Ave, Knoxville, 37917
Priced At: $1,099,900
Property Details for ID: 1352518
SqFt: 4,907
Price SqFt: $224
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-08-20T18:29:58Z
Subdivision: Mayfield Pt 1
Public Remarks: 109 & 115 E Glenwood Ave | Turnkey 5-Unit Investment Opportunity Rare opportunity to acquire two neighboring income-producing properties in the heart of Knoxville, offered together due to their shared parking area. Featuring a total of 5 units - 4 previously operated as short-term rentals and 1 long-term rental - the properties generated approximately $146,693 in gross income in 2025. Has off-street parking that can fit 12 cars. 109 E Glenwood Ave is a commercially zoned triplex that has operated as three non-owner-occupied short-term rentals. The property has been able to obtain a non-owner-occupied short-term rental permit, offering an attractive opportunity for an investor looking to continue STR operations, subject to applicable permitting and regulations. All three units have been renovated with luxury vinyl plank flooring and granite countertops, and Unit 1 includes an additional half bath. Two units are being offered fully furnished, while the basement unit was recently remodeled and is currently unfurnished. Each unit features its own private entrance and in-unit laundry. The triplex also offers ample off-street parking, including an additional side driveway that provides convenient overflow and guest parking. 115 E Glenwood Ave is a renovated up-and-down duplex. The upper unit has been operated as an owner-occupied short-term rental, while the lower unit was most recently leased as a long-term rental for $1,750/month and is now vacant. Both units feature private entrances, their own laundry, and dedicated off-street parking. Located within walking distance of neighborhood coffee and smoothie shops and just a short drive from Downtown Knoxville, the University of Tennessee, Old City, Happy Holler, and many of Knoxville's most popular destinations. With multiple income streams, established rental history, renovated interiors, off-street parking, and a combination of short- and long-term rental potential, 109 & 115 E Glenwood Ave present a unique opportunity to acquire five income-producing units in one package near the heart of Knoxville. Owner/agent. Buyer to verify square footage.
Schools Information
Elementary School: ChristenberryMiddle / Junior School: Whittle Springs
High School: Fulton
Building Description
SqFt (Total): 4,907
Exterior Features
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Room Dimensions
Interior Features
Property Details
Utilities
Financing
Annual Operating Expenses: 50,978
Net Operating Income: 95,714
HOA Information
Heating & Cooling
Garage / Parking
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Up Coming Open Houses
Directions
From Downtown Knoxville, head north on N Broadway. Turn right onto E Glenwood Ave. Property will be on the left at 109/115 E Glenwood Ave.
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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!