$275,000
 $1,476 est/mo Sourced by Back At You

3206 E Magnolia Ave,Knoxville, TN 37914

Knoxville, TN 37914

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Description

This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one. What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.

Details

MLS #3246542
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1948
Days On Site70
Listing Provided ByYoung Marketing Group, Realty Executives | Carl Young

Features

Units4

Taxes

Property2276

Area Information

StateTN
CountyKnox County
CityKnoxville
Zip Code37914
AreaKnox County | TN
Community NameLake Park Spgs Add
School DistrictAustin East High/Magnet
Elementary SchoolSpring Hill Elementary
High SchoolAustin East High/Magnet
Listing VS Median (in Lake Park Spgs Add)
Price:
$275,000
low | high
Med:
$150,000
95.454545454545% of Average
On site:
70
low | high
Med:
70
100% of Average
Sourced by Back At You

Market Activity 37914

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 Listings courtesy of RealTracs MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 30, 2026 at 6:14:34 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTN
CountyKnox County
CityKnoxville
Zip Code37914
AreaKnox County | TN
Community NameLake Park Spgs Add
School DistrictAustin East High/Magnet
Elementary SchoolSpring Hill Elementary
High SchoolAustin East High/Magnet
Listing VS Median (in Lake Park Spgs Add)
Price:
$275,000
low | high
Med:
$150,000
95.454545454545% of Average
On site:
70
low | high
Med:
70
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $206K - $343K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
3208 E Magnolia Ave Property Photo 1
$150,000
3208 E Magnolia Ave
Knoxville, TN 37914
Listing Updated: August 19, 2026 at 5:09:50 PM PDT
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