311 Silver Place, Knoxville, TN 37917
- $999,950
- 5,626
- SqFt
- List Price
- $999,950
- Price Change
- ▼ $50,000 1771553385
- MLS#
- 1319536
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Knoxville
- County
- Knox
- Living Area
- 5,626
- Year Built
- 1899
Property Description
Well-located 7-unit multifamily opportunity in North Knoxville, recently taken over following foreclosure and management transition. Current ownership has completed roster cleanup, implemented a revised rent structure that includes a built-in water/sewer offset, and is actively refilling vacant units. All units are operated as long-term rentals; no short-term rental income is assumed or required. This asset is best suited for a hands-on owner-operator seeking to complete lease-up and maximize cash flow through self-management and operational efficiency. Utilities are individually metered where applicable, with owner covering common utilities and water/sewer. Income and expense figures reflect projected stabilized operations based on market-supported rents. Buyer to verify all information and perform independent due diligence. Located just minutes from Downtown Knoxville, UT, major employers, and local entertainment districts. Property built before 1978 may contain lead-based paint. Zoned RN-4
Additional Information
- Appliances
- Refrigerator, Range
- Construction
- Frame, Vinyl Siding, Other
- Cooling
- Ceiling Fan(s), Central Air
- Floors
- Hardwood, Vinyl, Luxury Vinyl Plank
- Garage
- On Premise Parking, Off Street, On Street
- Living Area
- 5,626
- Lot Dimensions
- 75 x 131
- Subdivision
- Cullen Prop Pt 11
- Year Built
- 1899
- Subdivision
- Cullen Prop Pt 11
- Heating
- Central, Electric
- Num Of Units
- 7
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
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Listing courtesy of Pace Probity Asset Management.
Agent: Christy CJ Pace |
Office: Pace Probity Asset Management |