$430,000
Knoxville, TN 37917
MLS# 1341972
3 beds | 1600 sqft
1 / 33
Property Description
RARE ADDITIONAL INCOME IN HISTORIC OAKWOOD / LINCOLN PARK! Welcome to 602 Watauga Avenue--a masterfully revitalized, turn-of-the-century property that perfectly marries historic architectural romance with a high-yielding, modern investment strategy. Originally built in 1899, this incredible dual-structure compound has been meticulously brought into 2026 with an array of major, top-tier capital improvements. The Main Residence (3 BR / 2 BA Potential): Step inside to experience soaring ceilings, crisp modern paint tones, and beautifully preserved original 1899 hardwood floors glowing with history. The spacious layout currently features 3 bedrooms and 1 fully remodeled bath, plus a second bathroom that is prepped, framed, and ready for the new owners to custom-renovate to their exact taste! The heart of the home features a spectacular formal dining room draped in sophisticated royal blue with crown molding, transitioning seamlessly into an updated kitchen space. Retreat to the primary bedroom suite where a gorgeous, exposed-brick fireplace mantel serves as an unforgettable historic focal point. Tucked privately in the level backyard sits a fully permitted, completely detached 1-Bedroom, 1-Bathroom Accessory Dwelling Unit (ADU). Completely remodeled with its own private covered porch and independent utility/HVAC systems, this turnkey unit is currently leased to a long-term tenant for a steady $1,250/month ($15,000/year) in guaranteed income. Live in the main house and let the tenant offset your monthly housing expenses, use it as a multi-generational estate, or capitalize on massive short-term rental upside!! Peace of Mind Upgrades Include:roof & gutters, Central HVAC system & ductwork, Fully updated electrical system, Plumbing & New main sewer line. Experience the Oakwood-Lincoln Park Lifestyle: Beyond the gates of this beautiful property lies one of North Knoxville's most vibrant, active, and welcoming communities. Known for its gorgeous tree-lined streets, community parks, and true neighborhood charm, Oakwood-Lincoln Park offers an unmatched local lifestyle just minutes from the city's best breweries, restaurants, and downtown events. To fully appreciate the community spirit, neighborhood preservation efforts, and upcoming local events that make this area so highly sought-after, buyers are highly encouraged to visit the official neighborhood association website at https://oakwood-lincolnpark.org/. Situated on a premier corner lot just minutes from Downtown Knoxville, UT, and central hospitals, smart investors and primary buyers will instantly recognize this rare turnkey opportunity. Schedule your private showing!
Details
Maps
Contract Info
Auction Y/N: No
Occupancy: Either
Gross Amount Year 1: 15000
Listing Price: 430000
Current Price: $430,000
Status: Active
Listing Date: 2026-05-22
Location, Tax & Legal Info
Area: Knox County - 1
Property Sub-Type: Residential
City/County Code: City Limits
Middle School: Whittle Springs
Total Tax: 1337.31
High School: Fulton
General Property Description
Type: Ranch
# Bedrooms: 3
Lot Dimensions: 50 x 145
Lot Size SqFt: 7231
Acres: 0.16
Acre Source: Tax Records
# of Rooms: 7
Restrictions: No
Site Built: Yes
Fireplace: No
Property Status: N/A
SqFt - Main Lvl: 1600
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
Total Unfinished SqFt: 0
# Fireplace: 0
HOA: No
Basement: Yes
Bonus Room: No
Extra Storage: Yes
SqFt - Total (Aprox): 1600
Baths - Full: 1
Year Built: 1899
Remarks & Misc
Directions: I-40 to 275 North; Take Exit 2 for Heiskell Avenue; Turn right onto Heiskell Avenue; Veer right traffic light on Central Ave; Turn left Atlantic Ave; Turn left on Pershing Street; Turn right onto Chickamauga Avenue; Take an immediate left on Hanover Street; Home on the corner Hanover and Watauga Ave.
Public Remarks: RARE ADDITIONAL INCOME IN HISTORIC OAKWOOD / LINCOLN PARK! Welcome to 602 Watauga Avenue--a masterfully revitalized, turn-of-the-century property that perfectly marries historic architectural romance with a high-yielding, modern investment strategy. Originally built in 1899, this incredible dual-structure compound has been meticulously brought into 2026 with an array of major, top-tier capital improvements.
The Main Residence (3 BR / 2 BA Potential):
Step inside to experience soaring ceilings, crisp modern paint tones, and beautifully preserved original 1899 hardwood floors glowing with history. The spacious layout currently features 3 bedrooms and 1 fully remodeled bath, plus a second bathroom that is prepped, framed, and ready for the new owners to custom-renovate to their exact taste! The heart of the home features a spectacular formal dining room draped in sophisticated royal blue with crown molding, transitioning seamlessly into an updated kitchen space. Retreat to the primary bedroom suite where a gorgeous, exposed-brick fireplace mantel serves as an unforgettable historic focal point.
Tucked privately in the level backyard sits a fully permitted, completely detached 1-Bedroom, 1-Bathroom Accessory Dwelling Unit (ADU). Completely remodeled with its own private covered porch and independent utility/HVAC systems, this turnkey unit is currently leased to a long-term tenant for a steady $1,250/month ($15,000/year) in guaranteed income. Live in the main house and let the tenant offset your monthly housing expenses, use it as a multi-generational estate, or capitalize on massive short-term rental upside!!
Peace of Mind Upgrades Include:roof & gutters, Central HVAC system & ductwork,
Fully updated electrical system, Plumbing & New main sewer line.
Experience the Oakwood-Lincoln Park Lifestyle:
Beyond the gates of this beautiful property lies one of North Knoxville's most vibrant, active, and welcoming communities. Known for its gorgeous tree-lined streets, community parks, and true neighborhood charm, Oakwood-Lincoln Park offers an unmatched local lifestyle just minutes from the city's best breweries, restaurants, and downtown events. To fully appreciate the community spirit, neighborhood preservation efforts, and upcoming local events that make this area so highly sought-after, buyers are highly encouraged to visit the official neighborhood association website at https://oakwood-lincolnpark.org/.
Situated on a premier corner lot just minutes from Downtown Knoxville, UT, and central hospitals, smart investors and primary buyers will instantly recognize this rare turnkey opportunity. Schedule your private showing!
Fencing
Chain: 1
Fenced Yard: 1
Wood: 1
Atchd/Dtchd Type
Detached: 1
Style
Historic: 1
Construction
Frame: 1
Frame - Brick: 1
Siding
Brick: 1
Wood: 1
Fireplace
Masonry: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Floors
Carpet: 1
Hardwood: 1
Laminate: 1
Garage/Parking
Carport Spaces: 1
Carport: 1
Main Level: 1
None: 1
Basement
Plumbed: 1
Slab: 1
Lot Description
Corner Lot: 1
Irregular Lot: 1
Level: 1
Rolling Slope: 1
Fuel
Electric: 1
Heat
Heat Pump: 1
Dining Area
Formal Dining Area: 1
Appliances
Range: 1
Refrigerator: 1
Security Alarm: 1
Smoke Detector: 1
Other Rooms
Bedroom Main Level: 1
Extra Storage: 1
Mstr Bdrm Main Level: 1
Sunroom: 1
Exterior Features
Deck: 1
Prof Landscaped: 1
Windows - Wood: 1
Misc Features
Drapes: 1
Internet Available: 1
Pantry: 1
Washer/Dryer Connect: 1
Sewer
Public Sewer: 1
Water
Public: 1
New Financing
Cash: 1
Conventional: 1
Other: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 602
Street Name: Watauga
St Suffix: Ave
State/Province: TN
Zip Code: 37917
PIN #: 069NF031
Subdivision: Lincoln Park
Geo Lat: 36.001745
Geo Lon: -83.937126
Status Change Info
Status Change Date: 2026-05-22
Property Features
Style: Historic
Construction: Frame; Frame - Brick
Siding: Brick; Wood
Basement: Plumbed; Slab
Lot Description: Corner Lot; Irregular Lot; Level; Rolling Slope
Fireplace: Masonry
Floors: Carpet; Hardwood; Laminate
Fuel: Electric
Heat: Heat Pump
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Range; Refrigerator; Security Alarm; Smoke Detector
Sewer: Public Sewer
Water: Public
Other Rooms: Bedroom Main Level; Extra Storage; Mstr Bdrm Main Level; Sunroom
Misc Features: Drapes; Internet Available; Pantry; Washer/Dryer Connect
Exterior Features: Deck; Prof Landscaped; Windows - Wood
Fencing: Chain; Fenced Yard; Wood
Dining Area: Formal Dining Area
Showing: See Agent Instructns
New Financing: Cash; Conventional; Other
IDX
Listing Office: INNOVATE Real Estate
Office Phone: 865-535-7958
Last Updated: May - 28 - 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.
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