814 Midway Rd, Strawberry Plains, TN 37871
Knox County - 1 County
Key Facts
Description
Exceptional Income-Producing Property on 1.7 Unrestricted Acres - 5 Rental Units Total! Don't miss this rare investment opportunity featuring a fully renovated 4-plex and an additional single-family home, all situated on 1.7 unrestricted acres in a prime East Tennessee location. With all units currently leased, this turnkey property offers immediate cash flow and outstanding long-term investment potential. The 3,600-square-foot fourplex consists of four well-maintained units, each offering approximately 900 square feet of living space. Three units feature 2 bedrooms and 1 bathroom, while the fourth unit offers 1 bedroom and 1 bathroom. All units have been tastefully renovated and include private porches for tenants to enjoy. Additional amenities include an on-site coin-operated laundry facility, an 8x12 storage shed, and a durable metal roof that is only five years old. Adding even more value, the property includes a separate 680-square-foot single-family residence featuring 2 bedrooms, 1 bathroom, a laundry room, carport, and recent renovations throughout. A brand-new 10x14 storage shed is also located next to the home. Tenants and owners alike will appreciate the property's unique custom-built pickleball court, providing a highly desirable recreational amenity rarely found in investment properties. Conveniently located just 20 minutes from Knoxville, 15 minutes from Sevierville, 30 minutes from Gatlinburg, and only minutes from shopping, dining, entertainment, and interstate access, this property combines strong rental demand with exceptional location benefits. Whether you're looking to expand your investment portfolio or secure a high-performing income property, this one-of-a-kind opportunity delivers multiple income streams, recent updates, and unlimited potential with no restrictions.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1967
Living Area
4,280 sq ft
Lot Size
1.70 acres
Lot Dimensions
0
Garage Spaces
3
MLS® Listing#
1343794
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Parking
Patio
Construction
Roof
Security
Other Structures
Utilities
Schools
- Elementary:
- Carter
- Middle:
- Carter
- High:
- Carter
Financial Details
Parcel Number
074 10201
Directions
From downtown Knoxville take I-40 E to exit 402 Midway Rd , Turn left onto Midway Road, property on right. No sign on property.
Affordability Calculator
$150,000
Estimated monthly payment
$3,992/mo
Principal $600,000 · Est. interest $837,053 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Strawberry Plains, TN
- $468,571
- Median Listing Price
- 80
- Median Days on Market
- 1,800
- Median Sq Ft
- $243
- Median Price / Sq Ft
- 149
- Active Listings
- This home’s price is 60% above the area median.
- Its price per sq ft is 28% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Strawberry Plains, TN.
Location
Points of Interest in Strawberry Plains, TN
Showing the Strawberry Plains area map.
Nearby Schools
Carter Middle School
Secondary · 1.9 mi away
Carter Elementary School
Elementary · 1.9 mi away
Carter High School
Secondary · 2.0 mi away
Carter Elementary Pre K
Elementary · 2.7 mi away
Rush Strong School
Elementary · 4.4 mi away
Career Magnet Academy
School · 4.7 mi away
Boyd's Creek Elementary School
Elementary · 5.1 mi away
Northview Intermediate School
Secondary · 5.6 mi away
Northview Elementary School
Elementary · 5.6 mi away
Gary Hardin Academy
School · 5.9 mi away
Sunnyview Primary School
Elementary · 5.9 mi away
Gap Creek Elementary School
Elementary · 6.4 mi away
East Knox County Elementary School
Elementary · 6.7 mi away
New Hopewell Elementary School
Elementary · 8.4 mi away
Chilhowee Intermediate School
Elementary · 8.5 mi away
Seymour High School
Secondary · 8.6 mi away
Seymour Intermediate School
Secondary · 8.6 mi away
Seymour Junior High School
Secondary · 8.7 mi away
Holston Middle School
Secondary · 8.7 mi away
Seymour Middle School
School · 8.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 200 Peachtree Lane, Tellico Plains, TN | $557,000 | 4 | 4 | 1,702 |
| 200 Peachtree Lane, Tellico Plains, TN | $557,000 | 4 | 4 | 1,702 |
| 2136 Neill Ln, Cross Plains, TN | $575,000 | 3 | 4 | 4,019 |
| 2064 Neill Ln, Cross Plains, TN | $579,900 | 4 | 3 | 3,017 |
| 117 Skyline Drive, Tellico Plains, TN | $585,000 | 2 | 1 | 1,008 |
| 117 Skyline Drive, Tellico Plains, TN | $585,000 | 1 | 1 | 1,008 |
Moving Cost Estimate
EXIT Agents in Strawberry Plains
Listing Courtesy: Wallace Jennifer Scates Group - 8652537889