412 Watagua Drive Drive, Knoxville, TN 37918

Knoxville
Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
412 Watagua Drive Drive,Knoxville, TN 37918
$1,100,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: ford collier
Office: svn i wood properties
MLS#:1323862
Source:TN_KAAR

Price summary

  • Price:$1,100,000

About this home

SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes. Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside. The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance. Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed. With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market. This property is part of a 129 Unit portfolio that can be purchased together.

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Home facts

  • Year built:1969
  • Listing ID #:1323862
  • Added:106 day(s) ago
  • Updated:March 24, 2026 at 07:30 AM

Rooms and interior

  • Flooring:Hardwood

Heating and cooling

  • Cooling:Central Cooling
  • Heating:Central, Electric

Structure and exterior

  • Year built:1969

Finances and disclosures

  • Price:$1,100,000

Parking

  • Parking description:On Premise Parking

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