109/115 E Glenwood Ave, Knoxville, TN 37917 (MLS# 1352518)

Remarks & Misc

Directions

From Downtown Knoxville, head north on N Broadway. Turn right onto E Glenwood Ave. Property will be on the left at 109/115 E Glenwood Ave.

Public Remarks

109 & 115 E Glenwood Ave | Turnkey 5-Unit Investment Opportunity Rare opportunity to acquire two neighboring income-producing properties in the heart of Knoxville, offered together due to their shared parking area. Featuring a total of 5 units - 4 previously operated as short-term rentals and 1 long-term rental - the properties generated approximately $146,693 in gross income in 2025. 109 E Glenwood Ave is a commercially zoned triplex that has operated as three non-owner-occupied short-term rentals. The property has been able to obtain a non-owner-occupied short-term rental permit, offering an attractive opportunity for an investor looking to continue STR operations, subject to applicable permitting and regulations. All three units have been renovated with luxury vinyl plank flooring and granite countertops, and Unit 1 includes an additional half bath. Two units are being offered fully furnished, while the basement unit was recently remodeled and is currently unfurnished. Each unit features its own private entrance and in-unit laundry. The triplex also offers ample off-street parking, including an additional side driveway that provides convenient overflow and guest parking. 115 E Glenwood Ave is a renovated up-and-down duplex. The upper unit has been operated as an owner-occupied short-term rental, while the lower unit was most recently leased as a long-term rental for $1,750/month and is now vacant. Both units feature private entrances, their own laundry, and dedicated off-street parking. Located within walking distance of neighborhood coffee and smoothie shops and just a short drive from Downtown Knoxville, the University of Tennessee, Old City, Happy Holler, and many of Knoxville's most popular destinations. With multiple income streams, established rental history, renovated interiors, off-street parking, and a combination of short- and long-term rental potential, 109 & 115 E Glenwood Ave present a unique opportunity to acquire five income-producing units in one package near the heart of Knoxville. Owner/agent. Buyer to verify square footage.

Income/Expenses

Gross Annual Income

146693

Annual Oper Expenses

50978

Fencing

Chain

Yes

Property Sub-Type

Duplex

Yes

Triplex

Yes

Construction

Frame

Yes

Type of Units

2 Bedroom Unit

Yes

Furnished

Yes

Unfurnished

Yes

Siding

Vinyl

Yes

Sale Includes

All Furnishings

Yes

Miscellaneous

Porch

Yes

Washer/Dryer Cnctns

Yes

Cooling

Ceiling Fan(s)

Yes

Central Cooling

Yes

Floors

Vinyl

Yes

Garage/Parking

Off-Street Parking

Yes

Tenant Expenses

Other

Yes

Owner Expenses

Common Area Maintenance

Yes

Electricity

Yes

Exterior Maintenance

Yes

HVAC Maintenance

Yes

Insurance

Yes

Lawn Maintenance

Yes

Licenses

Yes

Roof Maintenance

Yes

Sewer

Yes

Supplies

Yes

Taxes

Yes

Water

Yes

Fuel

Electric

Yes

Heat

Central

Yes

Appliances

Dryer

Yes

Microwave

Yes

Range

Yes

Refrigerator

Yes

Self Cleaning Oven

Yes

Smoke Detector

Yes

Washer

Yes

Other Rooms

Mstr Bdrm Main Level

Yes

Other

Yes

Roof

Asphalt

Yes

Exterior Features

Porch - Covered

Yes

Misc Features

Internet Available

Yes

Washer/Dryer Connect

Yes

New Financing

Cash

Yes

Conventional

Yes

FHA

Yes

VA Loan

Yes

Other

Yes

Showing

See Agent Instructns

Yes

Property Features