611 Glenoaks Drive, Knoxville, TN 37912 (MLS# 1356489)

611 Glenoaks Drive, Knoxville, TN 37912

Property Type: Multi-Family Square Footage: 1,988 Status: Active

List Date: 9/23/2026 Last Modified: 9/23/2026

Overview

Description

ONLINE ONLY REAL ESTATE AUCTION | Two Homes on One Parcel - Immediate Income-Producing Investment Opportunity | BIDDING BEGINS TO CLOSE: Friday, October 9th at 12:00PM - Noon (ET) | OPEN HOUSE: Wednesday, October 7th at 12:00PM - Noon (ET)| This exceptional investment property offers two separate dwellings on a single parcel, currently generating $2,250.00 per month in rental income on a month-to-month basis -- making it a truly turnkey income-producing opportunity from day one. With a main home, a detached secondary dwelling, and a detached garage, this property delivers outstanding flexibility and value for investors and owner-occupants alike. Main Home - $1,500/Month: The main home features 3 bedrooms and 1 bathroom with beautiful oak flooring throughout most of the home. The comfortable and well-laid-out floor plan includes a living room open to the dining room, additional room that could easily serve as a 4th bedroom if desired, covered front porch, and detached garage. Rented ... (Read more) ONLINE ONLY REAL ESTATE AUCTION | Two Homes on One Parcel - Immediate Income-Producing Investment Opportunity | BIDDING BEGINS TO CLOSE: Friday, October 9th at 12:00PM - Noon (ET) | OPEN HOUSE: Wednesday, October 7th at 12:00PM - Noon (ET)| This exceptional investment property offers two separate dwellings on a single parcel, currently generating $2,250.00 per month in rental income on a month-to-month basis -- making it a truly turnkey income-producing opportunity from day one. With a main home, a detached secondary dwelling, and a detached garage, this property delivers outstanding flexibility and value for investors and owner-occupants alike. Main Home - $1,500/Month: The main home features 3 bedrooms and 1 bathroom with beautiful oak flooring throughout most of the home. The comfortable and well-laid-out floor plan includes a living room open to the dining room, additional room that could easily serve as a 4th bedroom if desired, covered front porch, and detached garage. Rented for $1,500.00 per month (month-to-month). Detached Secondary Dwelling - $750/Month: The detached secondary dwelling offers a wonderfully private and self-contained living space situated at the rear of the property, accessed via a separate driveway off the back alley. Featuring 2 bedrooms and 1 bathroom, this charming unit includes a living room, and covered front porch. Rented for $750.00 per month (month-to-month). Two-home parcels generating immediate rental income with separate access, detached garage, and month-to-month tenancy offering flexibility for the new owner are increasingly rare. Whether you're an experienced investor looking to add a solid income-producing asset to your portfolio or a buyer seeking to live in one unit while generating rental income from the other, this property delivers the value, flexibility, and immediate cash flow to make it an outstanding acquisition. Buyer to verify all information. 10% Buyer's Premium added to the high bid to establish the total sales contract price. Kenny Phillips, Auctioneer | TN Lic #2385 - Phillip Hopper, Auctioneer | TN Lic #6709

Listing Details MLS# 1356489

Location Tax Legal Info

House #: 611
Street Name: Glenoaks
St Suffix: Drive
State/Province: TN
Zip Code: 37912
PIN #: 069ID014
Subdivision: Mitchells Addition

Contract Info

Auction Y/N: Yes

General Property Description

SqFt - Total (Aprox): 1988
Lot Dimensions: 62.5 x 230.9 IRR
Number of Units: 2
Year Built: 1930
Property Status: N/A
Driveway: Yes

Status Change Info

Status Change Date: 2026-09-23

Auction

Bidder Must Qualify: Yes
Buyers Premium: Yes
Buyers Premium %: 10
Remote Bidding: Yes
Real Estate Only: Yes
RE & Personal Prop: No
Auction Date: 2026-10-09
Auction Location: Online Bidding Only
Auction Time: 12:00PM - Noon (ET)
Open for Inspection Date: 2026-10-07

More Information

Property Features

Property Sub-Type: Other Type of Units: Unfurnished Sale Includes: Building and Land Floors: Hardwood; Vinyl Tenant Expenses: Electricity; Sewer; Water Fuel: Electric Heat: Heat Pump; Other Cooling: Central Cooling; Window Unit(s) Appliances: None Construction: Block; Frame Roof: Asphalt; Other Siding: Vinyl Other Rooms: Bedroom Main Level New Financing: Cash; Conventional Showing: See Agent Instructns

IDX

Listing Office: Powell Auction & Realty,LLC

Last Updated: September - 23 - 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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611 Glenoaks Drive, Knoxville, TN 37912 (MLS# 1356489)