2828 NE Colt Drive, Knoxville, TN 37918
Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
2828 NE Colt Drive,Knoxville, TN 37918
$595,000
- - Beds
- - Baths
- 4,727 sq. ft.
- Multi-family
- Active
Listed by: brooke miracle, jeff larue
Office: realty executives associates
MLS#:1343358
Source:TN_KAAR
Price summary
- Price:$595,000
- Price per sq. ft.:$125.87
About this home
*MULTIPLE OFFERS RECEIVED* HIGHEST AND BEST DUE WEDNESDAY JUNE 10 AT 8AM, RESPONSE TIME OF THURSDAY JUNE 11 AT 5PM. SELLER ALSO HAS 2816 NE COLT DR FOR SALE WITH MULTIPLE OFFERS (MLS# 1343372)
Rare opportunity to acquire a fully occupied multifamily asset in the growing Halls market with immediate income and future upside potential! This 4-plex at 2828 Colt Drive is currently 100% occupied with all four units leased on month-to-month agreements, offering flexibility for future rent adjustments and management strategies.
The property features three spacious 2-bedroom, 1.5-bath units, each with a full dining room, plus one larger 3-bedroom, 2.5-bath unit. All units include washer and dryer hookups, a highly desirable amenity for tenants. Tenants pay their own utilities, while the owner maintains the grounds, creating an efficient management structure.
Situated on a quiet dead-end street, the property offers ample on-site parking and a peaceful setting while remaining conveniently close to everyday amenities. A standout feature is the basement area, which includes three large storage rooms ideal for maintenance equipment, supplies, and building materials. These spaces may also present future value-add potential for additional income-producing units, subject to buyer verification and approval.
Located just off North Broadway in the desirable Halls community, the property is minutes from major restaurants, grocery stores, parks, ball fields, schools, and other conveniences. Downtown Knoxville is only 12 minutes away, making this an attractive location for tenants seeking both accessibility and a neighborhood feel.
Whether you're expanding an existing portfolio or seeking a turnkey investment with room for future growth, this income-producing property offers a compelling opportunity in one of Knoxville's most convenient and established rental markets.
*ASPHALT ROOF 1 YEAR OLD, EACH UNIT HAS THEIR OWN HVAC SYSTEM IN WORKING CONDITION, OWNER MAINTAINS GROUNDS...
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Home facts
- Year built:1974
- Listing ID #:1343358
- Added:1 day(s) ago
- Updated:June 05, 2026 at 04:12 PM
Rooms and interior
- Flooring:Carpet, Vinyl
- Living area:4,727 sq. ft.
Heating and cooling
- Cooling:Central Cooling
- Heating:Central, Electric, Heat Pump
Structure and exterior
- Year built:1974
- Building area:4,727 sq. ft.
- Lot area:0.38 Acres
- Construction Materials:Brick
Schools
- High school:Halls
- Middle school:Halls
- Elementary school:Adrian Burnett
Finances and disclosures
- Price:$595,000
- Price per sq. ft.:$125.87
Parking
- Parking description:Off-Street Parking, On Premise Parking
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