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3001 River Towne Way unit: 402 402
Knoxville TN 37920 US

$499,900

Active Listing ID 1321600
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3 bed
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2.00 Bath (2 Full)
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Condominium

$499,900

Active Listing ID 1321600
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3001 River Towne Way unit: 402 402 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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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Condominium
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Balcony
  • Floor Covering: Hardwood, Carpet
  • Heating Fuels: Central, Electric (Heating)

School Information

  • School
  • Mount Olive(Elementary)
  • South Doyle(MiddleSchool)
  • South Doyle(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Condominium
  • listprice: 499900
  • unparsedaddress: 3001 River Towne Way unit: 402
  • unitnumber: 402
  • postalcity: Knoxville
  • stateorprovince: TN
  • country: US
  • postalcode: 37920
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 1408
  • livingareaunits: Square Feet
  • latitude: 35.942736
  • longitude: -83.925633
  • listagentfullname: Misty Cunningham
  • listagentemail: misty@mistycunninghamhomes.com
  • listagentkey: 3yd-KAARMLSTN-341060
  • listagentmlsid: 341060
  • listagentpreferredphone: (865) 694-5904
  • listagentofficephone: 8653206322
  • listofficekey: 3yd-KAARMLSTN-2823
  • listofficemlsid: 2823
  • 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: 2006
  • listingcontractdate: 2025-11-12
  • listagenturl: http://www.KWKnoxvilleWest.com
  • countyorparish: Knox County - 1
  • parcelnumber: 108LD00201H
  • elementaryschool: Mount Olive
  • highschool: South Doyle
  • appliances: Dishwasher, Range
  • cooling: Central Air
  • constructionmaterials: Brick
  • flooring: Hardwood, Carpet
  • heating: Central, Electric (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Underground/Basement
  • view: City, Lake
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • interiorfeatures: Walk-In Closet(s), Eat-in Kitchen
  • exteriorfeatures: Balcony
  • rooms: Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -83.92564, 35.942738
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"misty@mistycunninghamhomes.com", "ListBrokerageCity":"Knoxville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"slaing@laingteam.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/KAARMLSTN/c5ababc31dbae457011dbc4cc5850164/20141028185631365.png", "ListBrokerageName":"Keller Williams Realty", "ListBrokeragePhone":"(865) 694-5904", "ListBrokeragePostalCode":"37919", "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"8550 Kingston Pike", "ListBrokerageWebsiteUrl":"http://www.KWKnoxvilleWest.com", "ListOfficeAddress1":"4823 Old Kingston Pike S 320 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"2823", "ListOfficeCity":"Knoxville", "ListOfficeCountry":"USA", "ListOfficeEmail":"paige@paigewardell.com", "ListOfficePostalCode":"37919", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"CONDOS - Knoxville, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3001-River-Towne-Way-Apt-402_Knoxville_TN_37920_M71928-78527?f=listhub&s=KAARMLSTN&m=1321600&c=rexren", "MLSModificationTimestamp":"2026-02-06 11:36:02", "Neighborhoods":[{"Description":null, "Name":"S Water Front River Towne Condos"}], "PostalCode":null, "RoomCount":5, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1924, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/6/2026 11:45:43 AM GMT
Source Updated Date: 2/15/2026 1:41:09 PM GMT

Courtesy of: Misty Cunningham, Keller Williams Signature, misty@mistycunninghamhomes.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.