$449,000
Knoxville, TN 37914
MLS# 1345926
6 beds | 3600 sqft
1 / 16
Property Description
Discover a fantastic investment opportunity or owner-occupant property at 2550 E Fifth Ave in Knoxville. This well-maintained duplex offers two separate units, providing flexibility for rental income, multigenerational living, or house hacking. Ideally located just minutes from Downtown Knoxville and the University of Tennessee, the property sits directly across the street from the future River & Rail Theatre, a transformative arts and entertainment destination, and is surrounded by several major residential and commercial developments driving investment throughout the rapidly evolving East Knoxville corridor. Positioned in one of Knoxville's fastest-growing emerging neighborhoods, this location offers exceptional long-term appreciation potential while providing convenient access to downtown amenities, restaurants, breweries, parks, and major employers. The property has enjoyed consistent full occupancy since its complete renovation in 2020, demonstrating strong rental demand and a proven history of reliable income. Following this successful rental history, one unit has recently become vacant and is available for immediate showings, providing a rare opportunity for an owner-occupant to move in right away or for an investor to lease the unit at today's market rates. The second unit remains occupied, offering immediate rental income from day one. Whether you're expanding your investment portfolio or looking for a property that helps offset your mortgage, this duplex presents an exceptional opportunity in one of Knoxville's most exciting up-and-coming neighborhoods. Priced to sell and ready for its next owner, this is an excellent opportunity to secure an income-producing property at an attractive value. The seller is motivated and welcomes serious offers. Don't miss your chance to invest in one of Knoxville's fastest-growing areas before values continue to rise.
Details
Maps
Contract Info
Auction Y/N: No
Listing Price: 449000
Current Price: $449,000
Status: Active
Listing Date: 2026-06-25
Location, Tax & Legal Info
Area: Knox County - 1
Property Sub-Type: Residential
City/County Code: City Limits
Total Tax: 4559.04
General Property Description
Type: 2 Story Basement
# Bedrooms: 6
Acres: 0.14
Acre Source: Estimated
# of Rooms: 16
Restrictions: No
Site Built: Yes
Fireplace: Yes
Property Status: N/A
SqFt - Main Lvl: 1200
SqFt - Down Lvl: 1200
SqFt - 2nd Flr Lvl: 1200
SqFt - 3rd Flr Lvl: 0
# Fireplace: 2
HOA: No
Basement: Yes
Bonus Room: No
SqFt - Total (Aprox): 3600
Baths - Full: 4
Baths - 1/2: 2
Year Built: 1920
Remarks & Misc
Directions: Corner of Cherry St and E 5th Ave
Public Remarks: Discover a fantastic investment opportunity or owner-occupant property at 2550 E Fifth Ave in Knoxville. This well-maintained duplex offers two separate units, providing flexibility for rental income, multigenerational living, or house hacking.
Ideally located just minutes from Downtown Knoxville and the University of Tennessee, the property sits directly across the street from the future River & Rail Theatre, a transformative arts and entertainment destination, and is surrounded by several major residential and commercial developments driving investment throughout the rapidly evolving East Knoxville corridor. Positioned in one of Knoxville's fastest-growing emerging neighborhoods, this location offers exceptional long-term appreciation potential while providing convenient access to downtown amenities, restaurants, breweries, parks, and major employers.
The property has enjoyed consistent full occupancy since its complete renovation in 2020, demonstrating strong rental demand and a proven history of reliable income. Following this successful rental history, one unit has recently become vacant and is available for immediate showings, providing a rare opportunity for an owner-occupant to move in right away or for an investor to lease the unit at today's market rates. The second unit remains occupied, offering immediate rental income from day one.
Whether you're expanding your investment portfolio or looking for a property that helps offset your mortgage, this duplex presents an exceptional opportunity in one of Knoxville's most exciting up-and-coming neighborhoods.
Priced to sell and ready for its next owner, this is an excellent opportunity to secure an income-producing property at an attractive value. The seller is motivated and welcomes serious offers. Don't miss your chance to invest in one of Knoxville's fastest-growing areas before values continue to rise.
Fencing
Fenced Yard: 1
Atchd/Dtchd Type
Detached: 1
Style
Historic: 1
Construction
Frame - Brick: 1
Siding
Brick: 1
Fireplace
Brick: 1
Ventless: 1
Gas: 1
Cooling
Central Cooling: 1
Zoned: 1
Floors
Hardwood: 1
Tile: 1
Garage/Parking
Designated Parking: 1
Off-Street Parking: 1
On-Street Parking: 1
Basement
Partially Finished: 1
Slab: 1
Lot Description
Corner Lot: 1
Fuel
Electric: 1
Gas (Natural): 1
Heat
Heat Pump: 1
Zoned: 1
Appliances
Dishwasher: 1
Dryer: 1
Gas Range: 1
Microwave: 1
Range: 1
Refrigerator: 1
Smoke Detector: 1
Washer: 1
Exterior Features
Deck: 1
Porch - Covered: 1
Windows - Wood: 1
Misc Features
Internet Available: 1
Kitchen Island: 1
Walk-in Shower: 1
Washer/Dryer Connect: 1
Wired for Internet: 1
Sewer
Public Sewer: 1
Water
Public: 1
New Financing
Call Listing Agent: 1
Cash: 1
Conventional: 1
Exchange: 1
FHA: 1
New Loan: 1
THDA: 1
VA Loan: 1
Other: 1
Location Tax Legal Info
House #: 2550
St Dir: E
Street Name: 5th
St Suffix: Ave
State/Province: TN
Zip Code: 37914
PIN #: 082JK016
Geo Lat: 35.987448
Geo Lon: -83.89478
Status Change Info
Status Change Date: 2026-06-30
Property Features
Style: Historic
Construction: Frame - Brick
Siding: Brick
Basement: Partially Finished; Slab
Lot Description: Corner Lot
Fireplace: Brick; Ventless; Gas
Floors: Hardwood; Tile
Fuel: Electric; Gas (Natural)
Heat: Heat Pump; Zoned
Cooling: Central Cooling; Zoned
Appliances: Dishwasher; Dryer; Gas Range; Microwave; Range; Refrigerator; Smoke Detector; Washer
Sewer: Public Sewer
Water: Public
Misc Features: Internet Available; Kitchen Island; Walk-in Shower; Washer/Dryer Connect; Wired for Internet
Exterior Features: Deck; Porch - Covered; Windows - Wood
Fencing: Fenced Yard
New Financing: Call Listing Agent; Cash; Conventional; Exchange; FHA; New Loan; THDA; VA Loan; Other
IDX
Listing Office: United Real Estate Solutions
Last Updated: June - 30 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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