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Built just three years ago, this 3-bedroom, 2-bath townhome offers newer construction, modern finishes, and an incredible value just minutes from booming Downtown Knoxville. It's hard to beat this price per square foot anywhere in Knoxville for a home this new. A covered front porch with a convenient side entrance welcomes you into a thoughtfully designed, efficient floor plan that makes great use of every square foot. The primary bedroom is located on the main level, with spacious walk-in closets providing plenty of storage. Inside, you'll find luxury vinyl plank flooring, white shaker cabinetry, granite countertops, and a bright, clean design. LVP runs throughout the home with carpet limited to the staircase. Unlike many townhomes, no one lives above or below you, and each unit has its own separate driveway. There are no shared building components between the units, with the exception of the sewer grinder pump. The property is in the final stages of establishing the HOA so each unit can be sold individually as its own PUD/townhome. Commercial zoning provides additional flexibility for future use while still making this a great place to call home. Looking for an investment opportunity? The entire building, including both sides of the duplex, is also available for purchase under a separate listing. With newer construction, an efficient layout, main-level primary, walk-in closets, covered porch, private driveway, and convenient access to Downtown Knoxville, 125 S Chestnut offers a hard-to-find combination of space, privacy, and value at this price point.

3 Beds ⋅ 2 Baths ⋅ 1,214 SqFt. ⋅ 1356561 MLS ⋅ ACTIVE Status

125 S Chestnut St, Knoxville

$509,900

Investment Opportunity or Owner-Occupant Dream in the Heart of Knoxville! Rare opportunity to own a nearly new construction duplex with 3 bedrooms and 2 bathroom in each unit, just minutes from Downtown Knoxville and convenient interstate access. Built only three years ago, this property offers modern finishes, strong rental income, and future upside that is difficult to find in today's market. Each unit features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, and a highly desirable floor plan with the primary bedroom located on the main level. The thoughtful design provides comfortable living while minimizing maintenance concerns often associated with older properties. One of the standout features of this duplex is the completely separate parking arrangement. Each unit has its own dedicated driveway located on opposite sides of the property, creating privacy and a single-family home feel that is uncommon among duplex properties. Unit 123 is currently leased for $1,975 per month on a one-year lease expiring in September, providing immediate income for investors. Unit 125 is vacant and ready for its next tenant or owner-occupant, offering flexibility to maximize returns or offset your mortgage with rental income. The property is situated on commercially zoned land, opening the door to numerous future possibilities and long-term value potential. With very few newer construction duplexes available in Knoxville--especially this close to downtown and major highways--this is a unique opportunity to acquire a versatile asset in a growing market. Whether you're looking to house hack, expand your investment portfolio, or secure a property with future development potential, this duplex checks all the boxes.

2,428 SqFt. ⋅ 1343427 MLS ⋅ ACTIVE Status

123/125 S Chestnut St, Knoxville

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .

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.

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