3206 E Magnolia Ave, Knoxville, TN 37914
Lake Park Spgs Add · Knox County - 1 County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1948
Lot Dimensions
50 X 160
MLS® Listing#
1345431
Property Features
- Appliances:
- Range
- Cooling:
- Window Unit(s)
- Heating:
- Space Heater, Other, Electric
- Flooring:
- Other
- Parking:
- Off Street
- Construction:
- Brick
- Roof:
- Shingle
Schools
- Elementary:
- Spring Hill
- Middle:
- Vine/Magnet
- High:
- Austin East/Magnet
HOA & Tax
- Parcel #:
- 082CF003
Directions
From I-40 E/I-75 N, continue to follow I-40 E, Use the right lane to take exit 390 for Cherry St, Drive to E Magnolia Ave, Turn right onto N Cherry St, Turn left onto E Magnolia Ave, Destination will be on the right.
Affordability Calculator
$55,000
Estimated monthly payment
$1,464/mo
Principal $220,000 · Est. interest $306,920 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Knoxville, TN
- $443,056
- Median Listing Price
- 57
- Median Days on Market
- 1,930
- Median Sq Ft
- $230
- Median Price / Sq Ft
- 1,931
- Active Listings
- This home’s price is 38% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Knoxville, TN.
Location
- 3206 E Magnolia Ave, Knoxville, TN 37914
Nearby Schools
ABC Kiddie Academy
School · 0.1 mi away
Austin-East High School
Secondary · 0.4 mi away
Fair Garden Family/Community Center
School · 0.6 mi away
Berean Christian School
Secondary · 1.0 mi away
Belle Morris Elementary School
Elementary · 1.6 mi away
Spring Hill Elementary School
Elementary · 1.7 mi away
Richard Yoakley School
Secondary · 1.7 mi away
Vine Middle School
Secondary · 1.8 mi away
Chilhowee Intermediate School
Elementary · 2.1 mi away
Fulton High School
Secondary · 2.2 mi away
Whittle Springs Middle School
Secondary · 2.2 mi away
Holston Middle School
Secondary · 2.2 mi away
First Lutheran School
Elementary · 2.2 mi away
Green Magnet Academy
School · 2.3 mi away
Knox County Adult High School
Secondary · 2.5 mi away
Christenberry Elementary School
Elementary · 2.5 mi away
Knox County Schools Printing Department
School · 2.6 mi away
Tennessee School for the Deaf
Secondary · 2.6 mi away
Trolley - Pub Knox
Elementary · 2.8 mi away
South Knoxville Elementary
Elementary · 2.8 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Knoxville
Listing Courtesy: Young Marketing Group, Realty Executives - 8652811321