3001 River Towne Way Unit 402, Knoxville, TN 37920
- $470,000
- 3
- BD
- 2
- BA
- 1,408
- SqFt
- Sold Price
- $470,000
- List Price
- $499,900
- Closing Date
- Mar 20, 2026
- MLS#
- 1321600
- Status
- CLOSED
- Type
- Condo
- City
- Knoxville
- County
- Knox
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,408
- Year Built
- 2006
- DOM
- 128
Property Description
Strong Rental & Investment Potential This condominium presents a compelling income-producing opportunity, with a current lease already in place through June 1, 2026, allowing a new owner to step into immediate rental income with built-in stability. Properties with secured leases, riverfront views, and proximity to major employment and education hubs are consistently in high demand, making this a strong option for investors seeking predictable performance. The combination of Tennessee River views, walkability and access to the University of Tennessee campus, UT Hospital, and downtown Knoxville creates broad tenant appeal. This location is especially attractive to graduate students, medical professionals, faculty, and corporate renters who value convenience, security, and premium amenities. River-facing units with private balconies and resort-style features often command stronger rental rates and experience lower vacancy due to their limited availability. As the area continues to evolve, the upcoming pedestrian bridge project will further enhance connectivity between South Knoxville and downtown, increasing accessibility to dining, entertainment, and employment centers. This infrastructure improvement is expected to strengthen both lifestyle appeal and long-term demand, adding future upside to an already well-positioned asset. Situated within a gated community, residents enjoy peace of mind alongside amenities that support tenant retention, including a saltwater pool, secure access, and professionally maintained common areas. With minimal maintenance responsibilities and a prime waterfront location, this condo offers a rare balance of lifestyle enjoyment and investment performance. Whether held as a long-term rental, future personal residence, or strategic addition to an investment portfolio, this property delivers immediate income with strong prospects for continued desirability in Knoxville's growing riverfront market.
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Additional Information
- Community Amenities
- Lake/Water Access, Pool
- Appliances
- Dishwasher, Range
- Construction
- Brick
- Cooling
- Central Air
- Exterior Features
- Balcony
- Floors
- Carpet, Hardwood
- Garage
- Basement, Common, Assigned
- Living Area
- 1,408
- Lot Description
- Waterfront, Cul-De-Sac
- Style
- Other
- Subdivision
- S Water Front River Towne Condos
- View
- Lake
- Year Built
- 2006
- Restrictions
- Yes
- Hoa Fees
- $325
- Hoa Freq
- Monthly
- Association Fee Incl
- Building Exterior, Grounds Maintenance, Pest Control, Trash, Sewer
- Water
- Public
- Sewer
- Public Sewer
- Unit
- 402
- Heating
- Central, Electric
- Num Of Rooms
- 5
- Restrictions
- Yes
- Hoa
- Mandatory
Mortgage Calculator
Agent: Misty Cunningham |
Office: Keller Williams Signature |
Selling Office: .