5800 Fountain Rd Knoxville, TN 37918
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $213
Subdivision W S Mcfadden
MLS Listing ID 1354746
Year Built 1960
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 175M X 140M X IRR
Source East Tennessee REALTORS® MLS
Property Description
Ideal for investors looking to expand their rental portfolio or owner-occupants interested in living in one unit while generating rental income from the other. Both units were previously leased together for $3,000 per month, providing an established rental history and an opportunity for the next owner to establish new leases at current market rates.
Major capital improvements have already been completed, including a NEW ROOF installed September 2026, two HVAC systems installed in 2020, and new dishwashers in October 2026. Both units underwent extensive renovations in 2022, featuring updated kitchens with soft-close cabinetry, tile backsplashes, refinished hardwood floors, updated bathrooms, modern fixtures, and individual washer and dryer connections.
Conveniently located near shopping, restaurants, major roadways, and downtown Knoxville.
The seller is retired, motivated, and has reduced the asking price to $400,000 to reflect an as-is sale. No additional seller improvements are planned. Seller financing may be considered with acceptable terms. All reasonable offers will receive serious consideration.
Showings by appointment through Broker Bay. Buyer to verify all information important to their purchase.
Location
State TN
County Knox County - 1
Area 19776.0
Rooms
Other Rooms Mstr Bedroom Main Level
Interior
Heating Forced Air, Natural Gas
Cooling Central Cooling
Flooring Brick
Appliance Dishwasher, Microwave, Range, Refrigerator
Heat Source Forced Air, Natural Gas
Exterior
Exterior Feature Shed
Parking Features Carport
Garage Description Carport
Roof Type Asphalt
Garage No
Building
Faces From 640 - go North. take a left on Broadway continue to Church Street take a left then an immediate right on Fountain Road. Property on the right about 1/4 mile from the duck pond. .
Additional Building Shed
Structure Type Brick,Frame
Schools
Elementary Schools Fountain City
Middle Schools Gresham
High Schools Central
Others
Restrictions No
Tax ID 058CF01001
Security Features Smoke Detector
Energy Description Gas(Natural)
Acceptable Financing VA Loan, FHA, Cash, Conventional
Listing Terms VA Loan, FHA, Cash, Conventional
NEARBY SCHOOL & BUSINESS
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