2359 E 5th Ave, Knoxville, TN 37917
- $448,000
- 2,000
- SqFt
- Sold Price
- $448,000
- List Price
- $475,000
- Closing Date
- Jul 30, 2026
- MLS#
- 1345397
- Status
- CLOSED
- Type
- Single Family Residential
- City
- Knoxville
- County
- Knox
- Living Area
- 2,000
- Year Built
- 1960
Property Description
Charming income producing apartment building featuring four one-bedroom, one-bathroom units in the popular Historic Parkridge neighborhood. Great proximity to E Magnolia Avenue commercial area, Downtown Knoxville, and the bus line. Plenty of off-street Parking on premises as well as covered garage bays that could be converted to storage units for additional income or higher rent. Membrane roof installed 2020 with 20 year warranty. These units have been updated and three are ready for immediate occupancy, one currently leased month to month. Electric, water, and sewer are metered separately for all 4 units. This building is in very good condition and provides opportunity for improvements to increase rental rates over time. Great investment opportunity in growing area.
Additional Information
- Appliances
- Refrigerator, Range
- Construction
- Block, Brick
- Cooling
- Wall Unit(s)
- Floors
- Hardwood, Tile
- Garage
- Shared Garages, Attached, Off Street, On Street
- Living Area
- 2,000
- Lot Dimensions
- 50 X 145
- Year Built
- 1960
- Heating
- Other, Electric
- Restrictions
- Yes
- Num Of Units
- 4
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 Realty Executives South. Selling Office: .
Agent: Lacy Mellon |
Office: Realty Executives South |