5216 Tillery Rd, Knoxville, TN 37912
- $775,000
- 5,000
- SqFt
- List Price
- $775,000
- MLS#
- 1350369
- Status
- PENDING
- Type
- Single Family Residential
- City
- Knoxville
- County
- Knox
- Living Area
- 5,000
- Lot Size
- 20,342
- Year Built
- 1972
Property Description
Five-unit townhome community offering immediate income and excellent value-add potential in a convenient Knoxville location. Each two-story unit features two bedrooms, one-and-a-half bathrooms, a well-configured main living area, generous closet space, and a dedicated laundry room off of a private rear patio. The property currently generates over $76,000 in annual rental income, with all five tenants now on month-to-month agreements--providing the next owner with flexibility to renovate, reposition, and evaluate future rental rates. Each unit is separately metered, with tenants responsible for all utilities. Additional features include a paved parking lot, backyard space, and a low-maintenance exterior. Built in 1972, the property would benefit from further updating, presenting an opportunity for an investor to improve the long-term performance of the asset. Conveniently located along the city bus line near Victor Ashe Park, downtown Knoxville, the University of Tennessee, and within walking distance to schools, the library, medical facilities, shopping, and dining. This is a rare opportunity for immediate income, flexible tenancy, and clear value-add in one of Knoxville's most connected locations.
Additional Information
- Acres
- 0.47
- Appliances
- Refrigerator, Range, Dishwasher
- Construction
- Frame, Stone, Vinyl Siding
- Cooling
- Central Air
- Floors
- Carpet, Vinyl, Luxury Vinyl Plank
- Garage
- On Premise Parking, Off Street
- Living Area
- 5,000
- Lot Dimensions
- 124 X 176.5 X IRR
- Subdivision
- Clearview Hills Add 2 Pt 8
- Year Built
- 1972
- Subdivision
- Clearview Hills Add 2 Pt 8
- Heating
- Central, Electric
- Num Of Units
- 5
Automated home estimates are a starting point, not a final answer. National websites do not know if your roof is five years old or twenty-five. They do not understand the value of a good piece of land in East Tennessee. At Real Estate Concepts, we combine instant data with actual local expertise to give you a valuation you can trust.
How It Works
Step 1: Tell us your address. Fill in the form — name, phone, email, and your property address.
Step 2: A local expert personally checks it. The number you see right away is your first-look value from a computer. Then one of our local East Tennessee experts personally checks it against real sold homes near you — the comps an algorithm can't weigh, like condition, updates, and your street. That personal check is the CMA.
Step 3: We talk through the real number. We'll walk you through what your home would actually sell for and what we'd do to get it — no obligation, and if the timing's wrong, we'll say so.
Frequently Asked Questions
Q: How is this different from a standard online estimate?
A: Speed and accuracy. You get immediate data from our system, backed up by a manual review from a local expert who knows the area roads and market trends.
Q: Is there a fee for this service?
A: No. We provide free valuations as a service to our East Tennessee community. There is no obligation to list with us.
Q: What areas do you cover?
A: Our agents live and work across East Tennessee, covering Morgan, Roane, Anderson, Scott, Claiborne, and Grainger counties and beyond.
Q: Do you have to visit my property in person?
A: Not for the initial valuation. We can run the numbers based on public records and recent local sales. In-person visits are available if you want a highly precise listing price.
Real Estate Concepts | Office: (423) 346-5800 — Or reach David Millard directly: Call or text (865) 951-9578
Mortgage Calculator
Listing courtesy of Greater Impact Realty.
Agent: Lori Gano |
Office: Greater Impact Realty |