3206 E Magnolia Ave, Knoxville, TN 37914

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$235,000
List Price
$275,000
Closing Date
Oct 02, 2026
MLS#
3246542
Status
CLOSED
Type
Multifamily
City
Knoxville
County
Knox
Year Built
1948
Subdivision
Lake Park Spgs Add

Property Description

This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one. What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.

Additional Information

Cooling
Window/Wall
Lot Dimensions
50 X 160
Year Built
1948

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Agent: Carl Young | carl@ymgproperties.com

Office: Young Marketing Group, Realty Executives | 8652811321

Selling Office: Realty Executives Associates.

board logo

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.