123/125 S Chestnut St, Knoxville, TN 37914
STRONG & THOMPSON E END · Knox County - 1 County
Key Facts
Description
Investment Opportunity or Owner-Occupant Dream in the Heart of Knoxville! Rare opportunity to own a nearly new construction duplex just minutes from Downtown Knoxville and convenient interstate access. Built only three years ago, this property offers modern finishes, strong rental income, and future upside that is difficult to find in today's market. Each unit features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, and a highly desirable floor plan with the primary bedroom located on the main level. The thoughtful design provides comfortable living while minimizing maintenance concerns often associated with older properties. One of the standout features of this duplex is the completely separate parking arrangement. Each unit has its own dedicated driveway located on opposite sides of the property, creating privacy and a single-family home feel that is uncommon among duplex properties. Unit 123 is currently leased for $1,975 per month on a one-year lease expiring in September, providing immediate income for investors. Unit 125 is vacant and ready for its next tenant or owner-occupant, offering flexibility to maximize returns or offset your mortgage with rental income. The property is situated on commercially zoned land, opening the door to numerous future possibilities and long-term value potential. With very few newer construction duplexes available in Knoxville--especially this close to downtown and major highways--this is a unique opportunity to acquire a versatile asset in a growing market. Whether you're looking to house hack, expand your investment portfolio, or secure a property with future development potential, this duplex checks all the boxes.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
2023
Living Area
2,428 sq ft
Lot Size
0.18 acres
Lot Dimensions
53x150
MLS® Listing#
1343427
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Fencing
Construction
Roof
Security
Schools
- Elementary:
- Sarah M Greene/Magnet
- Middle:
- Vine/Magnet
- High:
- Austin East/Magnet
Financial Details
Parcel Number
082NA007
Directions
From Downtown Knoxville / I-40 E, head east on I-40 E toward Asheville. Take Exit 390 for N Cherry St. Turn right onto E Magnolia and then left on the N Chestnut St. The property will be on the right after 3 blocks. Can enter off of S Chestnut St or Louise Ave
Affordability Calculator
$106,980
Estimated monthly payment
$2,847/mo
Principal $427,920 · Est. interest $596,986 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Knoxville, TN
- $443,454
- Median Listing Price
- 56
- Median Days on Market
- 1,927
- Median Sq Ft
- $230
- Median Price / Sq Ft
- 1,979
- Active Listings
- This home’s price is 21% above the area median.
- Its price per sq ft is 4% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Knoxville, TN.
Location
- 123/125 S Chestnut St, Knoxville, TN 37914
Getting Around
Points of Interest in Knoxville, TN
Showing the Knoxville area map.
Nearby Schools
Austin-East High School
Secondary · 0.6 mi away
ABC Kiddie Academy
School · 0.9 mi away
Vine Middle School
Secondary · 0.9 mi away
Green Magnet Academy
School · 1.4 mi away
Fair Garden Family/Community Center
School · 1.5 mi away
Knox County Adult High School
Secondary · 1.7 mi away
Belle Morris Elementary School
Elementary · 1.7 mi away
First Lutheran School
Elementary · 1.7 mi away
South Knoxville Elementary
Elementary · 1.8 mi away
Trolley - Pub Knox
Elementary · 1.8 mi away
Berean Christian School
Secondary · 1.8 mi away
Tennessee School for the Deaf
Secondary · 1.9 mi away
Knox County Schools Printing Department
School · 1.9 mi away
Fulton High School
Secondary · 1.9 mi away
Great Schools Partnership
School · 1.9 mi away
First Step II Inc - Young Adventures
School · 2.0 mi away
L&N Stem Academy
School · 2.2 mi away
N4 Physics
School · 2.2 mi away
Mead Montessori School
Elementary · 2.3 mi away
Christenberry Elementary School
Elementary · 2.3 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 |
|---|---|---|---|---|
| 8207 Tumbled Stone Way, Knoxville, TN | $374,900 | 3 | 3 | 1,932 |
| 2445 Kennington Rd, Knoxville, TN | $374,900 | 3 | 1 | 1,729 |
| 237 Stratford Rd, Knoxville, TN | $374,900 | 2 | 2 | 1,848 |
| 7116 Winter Oaks Way, Knoxville, TN | $374,900 | 3 | 2 | 1,866 |
| 2445 Kennington Rd, Knoxville, TN | $374,900 | 3 | 1 | 1,729 |
| 926 Wildwood Garden Drive, Knoxville, TN | $374,900 | 3 | 2 | 1,363 |
Moving Cost Estimate
EXIT Agents in Knoxville
Listing Courtesy: Real Broker - 8445917325