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702 Luttrell St, Knoxville, TN 37917

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For Sale
Sale Pending

$429,999

4 beds • 4 baths • 1,867 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $230.32
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Discover a rare opportunity to own a well maintained and charming Victorian era four-unit investment property in the highly desirable Fourth & Gill neighborhood. This house is centrally located with easy walking and biking access to downtown Knoxville, parks, and local businesses on the North Central and Broadway corridors as well as an easy commute to the University of Tennessee campus. The house is zoned for multifamily and is currently divided into four well-proportioned one bedroom and bath units with kitchen, all with private entry access. While all fully rented units are in great condition, two of the units have been renovated in the past three years with new flooring and kitchens and the other two units can continue to be rented as-is or can provide an investor upside opportunity to thoughtfully upgrade and continue to attract high quality tenants. This property uniquely combines modern amenities for renters in an ideally located and beautiful historic house close to a bustling downtown and up-and-coming North Knoxville entertainment district. Because of its location and strong community of neighbors who take pride in preservation and community interaction, the neighborhood consistently outperforms citywide averages with steady 5-7% annual appreciation. It's established prestige and the historic preservation ensures a strong and steady rental rate, staying occupied year round. Surrounded by meticulously maintained Victorian, Barber, Craftsman, and early-20th-century homes, Fourth & Gill is among the best of Knoxville's historic neighborhoods. Developed in the late 19th century, this National Register district has evolved into one of the city's most desirable residential communities, offering: Walk or bike to Everything: Downtown Knoxville, the University of Tennessee campus, and an array of acclaimed restaurants, breweries, bars, and parks are all nearby. Please do not disturb the tenants and schedule directly with agent to see all four units and storage building.
MLS# 1320616

Courtesy Of Keller Williams 865-966-5005

(865) 966-5005

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Cooling System
    Ceiling Fan(s)
  • Floor Covering
    Vinyl, Carpet, Hardwood
  • Lot Size
    0.09 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 702 Luttrell St, Knoxville, TN 37917

Home seller CENTURY 21 Legacy

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Legacy

(865) 966-2121
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.