3001 River Towne Way #402, Knoxville, TN 37920
Local realty services provided by:CENTURY 21 Legacy
3001 River Towne Way #402,Knoxville, TN 37920
$499,900
- 3 Beds
- 2 Baths
- 1,408 sq. ft.
- Single family
- Pending
Listed by: misty cunningham, julie carter
Office: keller williams signature
MLS#:1321600
Source:TN_KAAR
Price summary
- Price:$499,900
- Price per sq. ft.:$355.04
- Monthly HOA dues:$325
About this home
Strong Rental & Investment Potential
This condominium presents a compelling income-producing opportunity, with a current lease already in place through June 1, 2026, allowing a new owner to step into immediate rental income with built-in stability. Properties with secured leases, riverfront views, and proximity to major employment and education hubs are consistently in high demand, making this a strong option for investors seeking predictable performance.
The combination of Tennessee River views, walkability and access to the University of Tennessee campus, UT Hospital, and downtown Knoxville creates broad tenant appeal. This location is especially attractive to graduate students, medical professionals, faculty, and corporate renters who value convenience, security, and premium amenities. River-facing units with private balconies and resort-style features often command stronger rental rates and experience lower vacancy due to their limited availability.
As the area continues to evolve, the upcoming pedestrian bridge project will further enhance connectivity between South Knoxville and downtown, increasing accessibility to dining, entertainment, and employment centers. This infrastructure improvement is expected to strengthen both lifestyle appeal and long-term demand, adding future upside to an already well-positioned asset.
Situated within a gated community, residents enjoy peace of mind alongside amenities that support tenant retention, including a saltwater pool, secure access, and professionally maintained common areas. With minimal maintenance responsibilities and a prime waterfront location, this condo offers a rare balance of lifestyle enjoyment and investment performance. Whether held as a long-term rental, future personal residence, or strategic addition to an investment portfolio, this property delivers immediate income with strong prospects for continued desirability in Knoxville's growing riverfront market.
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Home facts
- Year built:2006
- Listing ID #:1321600
- Added:114 day(s) ago
- Updated:March 10, 2026 at 07:29 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:5
- Flooring:Carpet, Hardwood
- Basement:Yes
- Living area:1,408 sq. ft.
Heating and cooling
- Cooling:Central Cooling
- Heating:Central, Electric
Structure and exterior
- Year built:2006
- Building area:1,408 sq. ft.
- Lot Features:Cul-De-Sac
- Construction Materials:Brick
- Exterior Features:Balcony
Schools
- High school:South Doyle
- Middle school:South Doyle
- Elementary school:Mount Olive
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,900
- Price per sq. ft.:$355.04
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