3206 E Magnolia Ave, Knoxville, Tennessee 37914

TN, Knoxville
$275,000
  • Under Contract Status
  • Day 16 Under Contract Contract accepted - open contingencies
  • Residential Income Property Type
  • 1948 Year Built
  • Mortgage Wizard 3000 Advanced Breakdown
Property 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.

Property Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • MLS #: 3246542
  • Price: $275,000
  • Year Built: 1948
  • Office Name: Young Marketing Group, Realty Executives
  • Agent Name: Carl Young
  • Property Attached: Yes
  • Roof: Other
  • Listing Status: Active Under Contract
Location Info
  • Street Number: 3206
  • Street: E Magnolia Ave
  • City Knoxville
  • State TN
  • Zipcode 37914
  • County Knox County, TN
  • Subdivision Lake Park Spgs Add
  • Longitude: W84° 6' 52''
  • Latitude: N35° 59' 42.8''
  • Directions: From I-40 E/I-75 N, continue to follow I-40 E, Use the right lane to take exit 390 for Cherry St, Drive to E Magnolia Ave, Turn right onto N Cherry St, Turn left onto E Magnolia Ave, Destination will be on the right.
Features
  • Heating System Electric, Other
  • Cooling System Wall/Window Unit(s)
  • Utilities Electricity Available
  • Flooring Other
Schools
  • Elementary School: Spring Hill Elementary
  • Middle School: Vine Middle/Magnet
  • High School: Austin East High/Magnet
Additional Info
  • Construction Materials: Other, Brick
  • Lot Size Dimensions: 50 X 160
  • Number Of Units Total: 4
  • On Market Date: June 21st, 2026
  • Previous Price: $275,000
Financial
  • Annual Tax Amount: $2,276
Listing Data
  • Co List Agent Full Name: Jason Strange
  • Co List Office Name: Young Marketing Group, Realty Executives
  • Mls Status: Under Contract - Showing
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Jul 1st, 2026 @ 1:35pm
  • Status Change Timestamp: Jul 1st, 2026 @ 1:33pm
mls grid

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