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7003 Old Clinton Pike
Knoxville TN 37921 US

$580,000

Active Listing ID 1323395
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4 bed
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4.00 Bath (4 Full)
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Lot: 0.40 Acres
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Other

$580,000

Active Listing ID 1323395
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7003 Old Clinton Pike Turnkey 4-Unit Investment Opportunity in Prime Knoxville Location Well-positioned 4-plex located in the heart of a thriving shopping and dining district. This property features four separate 1-bedroom, 1-bath units, each offering approximately 672 square feet, private entrances, and designated parking. Two units have been extensively renovated with granite countertops, updated appliances, new flooring, and fresh paint. The remaining two units offer recent updates including new flooring and paint, providing a balanced mix of stabilization and future upside. Major systems including HVAC and windows have been updated, reducing near-term capital expenditure concerns. Tenants are responsible for all utilities and trash service, contributing to an efficient operating structure. Investment Highlights: - Current gross income: $48, 000 annually - Scheduled rent increases bring projected gross income to $50, 400.00 starting June 2026. - Low operating expense structure (annually 6K-7k, including property taxes of $1, 375) - Stabilized NOI approximately $37, 000+ under conservative underwriting -6%-7%+ return potential for owner-operator Located just minutes from I-75, shopping, dining, healthcare, parks, and schools -- an area that continues to support strong rental demand. Financial summary available upon request.

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Property Features

  • Facts
  • Lot Size: 0.40 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Central Air
  • Exterior Finish: Windows - Vinyl
  • Floor Covering: Tile, Laminate, Carpet
  • Roof Type: Asphalt
  • Heating Fuels: Electric (Heating), Heat Pump (Heating), Central

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 580000
  • unparsedaddress: 7003 Old Clinton Pike
  • postalcity: Knoxville
  • stateorprovince: TN
  • country: US
  • postalcode: 37921
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.4
  • lotsizeunits: Acres
  • lotsizearea: 0.4
  • livingarea: 2688
  • livingareaunits: Square Feet
  • latitude: 36.01329
  • longitude: -84.033687
  • listagentfullname: Robin Butler
  • listagentemail: robinebutler1@gmail.com
  • listagentkey: 3yd-KAARMLSTN-333803
  • listagentmlsid: 333803
  • listagentpreferredphone: (865) 693-3232
  • listagentofficephone: 8653893984
  • 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: 1981
  • listingcontractdate: 2025-12-03
  • listagenturl: http://robinbutlerrealtor.com
  • countyorparish: Knox County - 1
  • parcelnumber: 067 19801
  • appliances: Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • cooling: Central Air
  • constructionmaterials: Cedar, Block, Frame
  • flooring: Tile, Laminate, Carpet
  • heating: Electric (Heating), Heat Pump (Heating), Central
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: Realty Executives International
  • exteriorfeatures: Windows - Vinyl
  • rooms: Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 4
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -84.03368, 36.01329
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty Executives Associates", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"robinebutler1@gmail.com", "ListBrokerageCity":"knoxville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"stevefogarty@realtyexecutives.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/KAARMLSTN/c5ababc3218278ea0121828494120017/20090527121859597.pjpeg", "ListBrokerageName":"Realty Executives Associates", "ListBrokeragePhone":"(865) 693-3232", "ListBrokeragePostalCode":"37922", "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"10255 Kingston Pike", "ListBrokerageWebsiteUrl":"http://realtyexecutivesknoxville.com", "ListOfficeAddress1":"10255 Kingston Pike ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"o131", "ListOfficeCity":"Knoxville", "ListOfficeCountry":"USA", "ListOfficeEmail":"katiezanone@realtyexecutives.com", "ListOfficePostalCode":"37922", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Knoxville, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/7003-Old-Clinton-Pike_Knoxville_TN_37921_M88326-31447?f=listhub&s=KAARMLSTN&m=1323395&c=rexren", "MLSModificationTimestamp":"2026-02-18 21:38:14", "Neighborhoods":[{"Description":null, "Name":"Knox County - 1"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1375, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/18/2026 9:45:52 PM GMT
Source Updated Date: 4/2/2026 7:04:26 AM GMT

Courtesy of: Robin Butler, Realty Executives Associates, robinebutler1@gmail.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.