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3206 E Magnolia Ave, Knoxville, TN 37914

$275,000
  • 3206 E Magnolia Ave, Knoxville, TN 37914 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#1345431
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLake Park Spgs Add NEIGHBORHOODKnox County - 1

Property Description

This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one.What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.

3206 E Magnolia Ave | MLS# 1345431

This multi-family property located at 3206 E Magnolia Ave, Knoxville, TN 37914 is currently listed for sale with an asking price of $275,000. Search Knox County - 1 real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Space Heater, Other, Electric
Lot Size: 50 X 160
Year Built: 1948

Feature Descriptions

Appliances: Range
Days on Site: 1
Exterior: Brick
Flooring: Other
Lot Dimensions: 50 X 160
Parcel #: 082CF003
Parking: Off-Street Parking
Units: 4

Local Schools

High School: Austin East/Magnet
Middle School: Vine/Magnet
Elementary School: Spring Hill

Listed By / Shown By

Listed By

Agency Name: Young Marketing Group, Realty Executives

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: East Tennessee REALTORS

Estimate Your Payment

Estimated Payment

$ 692.24 per month $612.03 Principal & Interest $0.00 Property Tax (data not provided by mls) $80.21 Homeowner's Insurance

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