2550 E 5th Ave, Knoxville, TN 37914

$449,000
: 6
BD
: 6
BA
: 3,600
SqFt

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List Price: $449,000
MLS#: 1345926
Status: PENDING - CONTINUE TO SHOW
Type: Single Family Residential
City: Knoxville
County: Knox
Bedrooms: 6
Bathrooms: 6
Baths Half: 2
Baths Full: 4
Living Area: 3,600
Year Built: 1920
DOM: 32

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Property Description

Discover a fantastic investment opportunity or owner-occupant property at 2550 E Fifth Ave in Knoxville. This well-maintained duplex offers two separate units, providing flexibility for rental income, multigenerational living, or house hacking. Ideally located just minutes from Downtown Knoxville and the University of Tennessee, the property sits directly across the street from the future River & Rail Theatre, a transformative arts and entertainment destination, and is surrounded by several major residential and commercial developments driving investment throughout the rapidly evolving East Knoxville corridor. Positioned in one of Knoxville's fastest-growing emerging neighborhoods, this location offers exceptional long-term appreciation potential while providing convenient access to downtown amenities, restaurants, breweries, parks, and major employers. The property has enjoyed consistent full occupancy since its complete renovation in 2020, demonstrating strong rental demand and a proven history of reliable income. Following this successful rental history, one unit has recently become vacant and is available for immediate showings, providing a rare opportunity for an owner-occupant to move in right away or for an investor to lease the unit at today's market rates. The second unit remains occupied, offering immediate rental income from day one. Whether you're expanding your investment portfolio or looking for a property that helps offset your mortgage, this duplex presents an exceptional opportunity in one of Knoxville's most exciting up-and-coming neighborhoods. Priced to sell and ready for its next owner, this is an excellent opportunity to secure an income-producing property at an attractive value. The seller is motivated and welcomes serious offers. Don't miss your chance to invest in one of Knoxville's fastest-growing areas before values continue to rise.

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