132 Watauga Ave Income-Producing Potential in Prime North Knoxville Location! Located just minutes from Downtown Knoxville, the UT campus, and convenient interstate access, this property is priced with investors in mind but would also make a great starter home for a first-time buyer looking to purchase a home that will can be built with a little sweat equity. The main level features original hardwood floors, adding warmth and character. The renovated kitchen features new soft-close cabinets and drawers, fresh countertops, and a new stove. These updates and more are already completed for you. Floorplan offers many opportunities with three separate entryways, two downstairs and one upstairs. The home was previously used as a duplex and could easily be converted again to offer student housing, with a full studio upstairs and two bedrooms plus a kitchenette downstairs. The downstairs mudroom provides space that could easily be converted into a kitchenette. Buyers or tenants will enjoy the covered front porch, ideal for relaxing rain or shine, along with the spacious side yard that can be used for entertaining, pets, or gardening. The parking area easily accommodates two vehicles and could be modified to fit three. The home is also located along the bike lane that connects directly to the North Central Street corridor, an area seeing major new developments in 2026. Additional updates include a new roof in 2025, new electrical panel, and recently updated HVAC system and heat pump. With its prime location, flexible layout, and future appreciation potential, this property presents a strong opportunity for investors seeking rental income, instant equity potential, and long-term growth in the Knoxville market. Schedule your showing today! Seller is willing to assist the buyer with closing costs with reasonable offers.