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2828 NE Colt Drive
Knoxville TN 37918 US

$595,000real estate property listed by Realty Executives real estate property listing

Active Listing ID 1343358
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9 bed
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5.00 Bath (5 Full)
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Lot: 0.38 Acres
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Other

$595,000real estate property listed by Realty Executives real estate property listing

Active Listing ID 1343358
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2828 NE Colt Drive *MULTIPLE OFFERS RECEIVED* HIGHEST AND BEST DUE WEDNESDAY JUNE 10 AT 8AM, RESPONSE TIME OF THURSDAY JUNE 11 AT 5PM. SELLER ALSO HAS 2816 NE COLT DR FOR SALE WITH MULTIPLE OFFERS (MLS# 1343372) Rare opportunity to acquire a fully occupied multifamily asset in the growing Halls market with immediate income and future upside potential! This 4-plex at 2828 Colt Drive is currently 100% occupied with all four units leased on month-to-month agreements, offering flexibility for future rent adjustments and management strategies. The property features three spacious 2-bedroom, 1.5-bath units, each with a full dining room, plus one larger 3-bedroom, 2.5-bath unit. All units include washer and dryer hookups, a highly desirable amenity for tenants. Tenants pay their own utilities, while the owner maintains the grounds, creating an efficient management structure. Situated on a quiet dead-end street, the property offers ample on-site parking and a peaceful setting while remaining conveniently close to everyday amenities. A standout feature is the basement area, which includes three large storage rooms ideal for maintenance equipment, supplies, and building materials. These spaces may also present future value-add potential for additional income-producing units, subject to buyer verification and approval. Located just off North Broadway in the desirable Halls community, the property is minutes from major restaurants, grocery stores, parks, ball fields, schools, and other conveniences. Downtown Knoxville is only 12 minutes away, making this an attractive location for tenants seeking both accessibility and a neighborhood feel. Whether you're expanding an existing portfolio or seeking a turnkey investment with room for future growth, this income-producing property offers a compelling opportunity in one of Knoxville's most convenient and established rental markets. *ASPHALT ROOF 1 YEAR OLD, EACH UNIT HAS THEIR OWN HVAC SYSTEM IN WORKING CONDITION, OWNER MAINTAINS GROUNDS

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Property Features

  • Facts
  • Lot Size: 0.38 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 5
  • Cooling System: Central Air, Ceiling Fan(s)
  • Floor Covering: Carpet, Vinyl
  • Roof Type: Shingle
  • Heating Fuels: Central, Heat Pump (Heating), Electric (Heating)
  • Additional Features
  • Patio

School Information

  • School
  • Adrian Burnett(Elementary)
  • Halls(MiddleSchool)
  • Halls(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 595000
  • unparsedaddress: 2828 NE Colt Drive
  • postalcity: Knoxville
  • stateorprovince: TN
  • country: US
  • postalcode: 37918
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.38
  • lotsizeunits: Acres
  • lotsizearea: 0.38
  • livingarea: 4727
  • livingareaunits: Square Feet
  • latitude: 36.053301
  • longitude: -83.936794
  • listagentfullname: Brooke Miracle
  • listagentemail: brooke@jefflarueteam.com
  • listagentkey: 3yd-KAARMLSTN-364237
  • listagentmlsid: 364237
  • listagentpreferredphone: 8656968089
  • listagentofficephone: 8656968089
  • listofficekey: 3yd-KAARMLSTN-o131
  • listofficemlsid: o131
  • disclaimer: Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: KAARMLSTN
  • yearbuilt: 1974
  • listingcontractdate: 2026-06-04
  • listagenturl: http://realtyexecutivesknoxville.com
  • countyorparish: Knox County - 1
  • parcelnumber: 048KC004
  • elementaryschool: Adrian Burnett
  • highschool: Halls
  • appliances: Dishwasher, Disposal, Range, Refrigerator
  • cooling: Central Air, Ceiling Fan(s)
  • constructionmaterials: Brick
  • flooring: Carpet, Vinyl
  • heating: Central, Heat Pump (Heating), Electric (Heating)
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Off Street
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Realty Executives International
  • windowfeatures: Aluminum Frames
  • rooms: Bathroom 5, Dining Room, Bedroom 9, Bedroom 7, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 8, Bedroom 6, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
  • patioandporchfeatures: Patio
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -83.93679, 36.053303
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Listing Changed: 6/5/2026 3:23:00 PM GMT
Source Updated Date: 6/8/2026 12:35:45 PM GMT

Courtesy of: Brooke Miracle, Realty Executives Associates, brooke@jefflarueteam.com

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.