476, E 482 & 490 Red Bud Rd, Knoxville, TN 37920

Knoxville
Local realty services provided by:Better Homes and Gardens Real Estate Gwin Realty
476, E 482 & 490 Red Bud Rd,Knoxville, TN 37920
$490,000
  • - Beds
  • - Baths
  • 2,349 sq. ft.
  • Multi-family
  • Active
Listed by: julie carter, misty cunningham
Office: keller williams signature
MLS#:1357074
Source:TN_KAAR

Price summary

  • Price:$490,000
  • Price per sq. ft.:$208.6

About this home

THREE RENTAL UNITS | $37,080 GROSS INCOME | SOUTH KNOXVILLE Rare opportunity to acquire three 2-bedroom, 1-bath rental units as one investment package in Knoxville's desirable 37920 area. Offered together for $490,000, 476 E Red Bud Rd, 482 E Red Bud Rd, and 490 E Red Bud Rd provide an investor with an established three-unit rental portfolio and immediate income from existing tenants. The three units currently generate $37,080 in gross annual rental income, or approximately $3,090 per month, with reported annual operating expenses of $13,933. Based on the current income and expenses provided, the property produces approximately $23,147 in annual NOI, representing an estimated 4.72% cap rate at the $490,000 asking price. Each property offers a functional 2-bedroom, 1-bath layout, providing an attractive and versatile rental configuration. With all three units being sold together, the package offers investors the opportunity to acquire multiple income-producing assets in a...

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Home facts

  • Year built:1972
  • Subdivision & Development:Redbud Condos Unit B6 5.8823% Com Elem
  • Listing ID #:1357074
  • Added:3 day(s) ago
  • Updated:October 02, 2026 at 02:48 PM

Rooms and interior

  • Flooring:Carpet, Vinyl
  • Living area:2,349 sq. ft.

Heating and cooling

  • Cooling:Central Cooling
  • Heating:Central, Electric

Structure and exterior

  • Year built:1972
  • Building area:2,349 sq. ft.
  • Construction Materials:Brick
  • Exterior Features:Balcony

Schools

  • High school:South Doyle
  • Middle school:South Doyle
  • Elementary school:Dogwood

Finances and disclosures

  • Price:$490,000
  • Price per sq. ft.:$208.6

Parking

  • Parking description:On Premise Parking

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