$3,650,000
Knoxville, TN 37917
MLS# 1323906
Status: Pending
1 / 22
Property Description
SVN | Wood Properties is proud to present 3014 Forestdale Ave — a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units. Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income. This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space. With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville's steadily growing neighborhoods — a true plus for any multifamily portfolio. This property is part of a 129 Unit portfolio that can be purchased together. For full financial documents please visit https://svnwood.com/inventory/?propertyId=1576427-sale
Details
Maps
Location, Tax & Legal Info
Area: Knox County - 1
City/County Code: City Limits
Total Tax: 21727.8
Contract Info
Auction Y/N: No
Listing Price: 3650000
Current Price: $3,650,000
Status: Pending
Listing Date: 2025-12-10
General Property Description
Lot Dimensions: 145.2 X 600.71 X IRR
Utilities/Mo Avg: 1315
Property Status: N/A
Driveway: Paved
Number of Units: 32
Year Built: 1970
Remarks & Misc
Directions: get on Interstate 640 (I-640), Take I-640 to the exit serving the north-side neighborhoods / ''North Knoxville'' / ''Whittle Springs / Forestdale'' area.
Public Remarks: SVN | Wood Properties is proud to present 3014 Forestdale Ave — a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units.
Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income.
This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space.
With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville's steadily growing neighborhoods — a true plus for any multifamily portfolio.
This property is part of a 129 Unit portfolio that can be purchased together.
For full financial documents please visit https://svnwood.com/inventory/?propertyId=1576427-sale
Property Sub-Type
Apartment: 1
Construction
Other: 1
Type of Units
1 Bedroom Unit: 1
Sale Includes
Other: 1
Cooling
Central Cooling: 1
Floors
Hardwood: 1
Laminate: 1
Garage/Parking
On Premise Parking: 1
Fuel
Electric: 1
Heat
Central: 1
Other Rooms
Other: 1
Roof
Shingle: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
Street Name: 3014 Forestdale Avenue
St Suffix: Ave
State/Province: TN
Zip Code: 37917
PIN #: 105952
Geo Lat: 36.009373
Geo Lon: -83.905509
Status Change Info
Status Change Date: 2026-03-16
Under Contract Date: 2026-03-16
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit
Sale Includes: Other
Floors: Hardwood; Laminate
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Construction: Other
Roof: Shingle
Other Rooms: Other
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
IDX
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: March - 16 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 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 weekly, 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.
*Neighborhoods and areas are approximate and based off of geo coding provided by a third party. Knox Native holds no liability for the accuracy of the these locations and buyers, sellers, prospects, and agents should verify all information and accuracy to suit.