109/115 E Glenwood Ave
Property Description
109 & 115 E Glenwood Ave | Turnkey 5-Unit Investment Opportunity Rare opportunity to acquire two neighboring income-producing properties in the heart of Knoxville, offered together due to their shared parking area. Featuring a total of 5 units - 4 previously operated as short-term rentals and 1 long-term rental - the properties generated approximately $146,693 in gross income in 2025. Has off-street parking that can fit 12 cars. 109 E Glenwood Ave is a commercially zoned triplex that has operated as three non-owner-occupied short-term rentals. The property has been able to obtain a non-owner-occupied short-term rental permit, offering an attractive opportunity for an investor looking to continue STR operations, subject to applicable permitting and regulations. All three units have been renovated with luxury vinyl plank flooring and granite countertops, and Unit 1 includes an additional half bath. Two units are being offered fully furnished, while the basement unit was recently remodeled and is currently unfurnished. Each unit features its own private entrance and in-unit laundry. The triplex also offers ample off-street parking, including an additional side driveway that provides convenient overflow and guest parking. 115 E Glenwood Ave is a renovated up-and-down duplex. The upper unit has been operated as an owner-occupied short-term rental, while the lower unit was most recently leased as a long-term rental for $1,750/month and is now vacant. Both units feature private entrances, their own laundry, and dedicated off-street parking. Located within walking distance of neighborhood coffee and smoothie shops and just a short drive from Downtown Knoxville, the University of Tennessee, Old City, Happy Holler, and many of Knoxville's most popular destinations. With multiple income streams, established rental history, renovated interiors, off-street parking, and a combination of short- and long-term rental potential, 109 & 115 E Glenwood Ave present a unique opportunity to acquire five income-producing units in one package near the heart of Knoxville. Owner/agent. Buyer to verify square footage.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,099,900 |
| No. of Units: | 5 |
| Year Built: | 1920 |
| Lot Size: | 4,907.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $219,980 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 0 |
ID: 3yd-KAARMLSTN-1352518
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