3014 Forestdale Avenue

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Address: 3014 Forestdale Ave, Knoxville, TN 37917, USA
Atlanta & Southeast + Apartment Buildings
Created date: December 3, 2025
Date last updated: October 30, 2026
Price: $3,650,000Investment Analyzer NEW!
  • Turnkey asset with recent renovations — Updated 1BR/1BA units featuring modern finishes, and minimal CapEx needs.
  • Strong in-place income with immediate rent upside — Current rents at $993 with market potential around $1,150, providing a clear value-add pathway.
  • Prime North Knoxville location — Minutes from downtown, I-640, and major employment hubs, supporting high renter demand and stable occupancy.
  • Ownership-friendly utility structure — Water, landscaping, and waste service are included, simplifying management and enhancing tenant retention.
  • Solid stabilized performance with growth potential — A great fit for investors seeking a low-maintenance, income-producing asset in a growing submarket.

Property Description

SVN | Wood Properties is proud to present 3014 Forestdale Ave — a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units. Each unit currently rents for $993 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income. This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space. With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville’s steadily growing neighborhoods — a true plus for any multifamily portfolio. 3014 Forestdale Avenue is being offered as part of a 95-unit multifamily portfolio that includes 1900 Dutch Valley Drive, 2626 Tecoma Drive, and 412 Watauga Drive. The portfolio is being offered as a package and all four properties must be purchased together, providing an opportunity to acquire a diversified multifamily portfolio in the Knoxville market. The portfolio qualifies for a loan program offering interest rates well below current market rates. Financing terms are subject to property and buyer qualification, underwriting, and lender approval. Contact SVN | Wood Properties for additional lender and financing details.
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Broker Details

Jon Roosen
Jon Roosen

SVN | Wood Properties 865-202-6767

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,650,000
No. of Units: 32
Average Occupancy: 6.92
Year Built: 1970
Lot Size: 1.97 Acres
Opportunity Zone: No
Price per unit: $114,063
Property Website Click Here
Address: 3014 Forestdale Avenue, Knoxville, TN 37917, USA
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