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109/115 E Glenwood Ave, Knoxville, TN 37917

$1,099,900

Property Type: Multi-Family Square Footage: 4,907 Lot Size (sq. ft.): 12,375 Status: Active

Current Price: $1,099,900 List Date: 8/20/2026 Last Modified: 8/24/2026

Overview

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 re ... (Read more) 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.

Listing Details MLS# 1352518

Location Tax Legal Info

House #: 109/115
St Dir: E
Street Name: Glenwood
St Suffix: Ave
State/Province: TN
Zip Code: 37917
PIN #: 081LF017 & 081LF016
Subdivision: Mayfield Pt 1

Contract Info

Auction Y/N: No
Listing Price: 1099900

General Property Description

SqFt - Total (Aprox): 4907
Lot Dimensions: 55x90 + 55x135
Lot Size SqFt: 12375
Number of Units: 5
Utilities/Mo Avg: 1051
Year Built: 1920
Property Status: N/A
Driveway: Private

Status Change Info

Status Change Date: 2026-08-20

IncomeExpenses

Net Operating Income: 95714

More Information

Property Features

Property Sub-Type: Duplex; Triplex Type of Units: 2 Bedroom Unit; Furnished; Unfurnished Sale Includes: All Furnishings Floors: Vinyl Tenant Expenses: Other Owner Expenses: Common Area Maintenance; Electricity; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Licenses; Roof Maintenance; Sewer; Supplies; Taxes; Water Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer Construction: Frame Roof: Asphalt Siding: Vinyl Exterior Features: Porch - Covered Misc Features: Internet Available; Washer/Dryer Connect Other Rooms: Mstr Bdrm Main Level; Other Fencing: Chain Miscellaneous: Porch; Washer/Dryer Cnctns New Financing: Cash; Conventional; FHA; VA Loan; Other Showing: See Agent Instructns

IDX

Listing Office: Real Broker

Last Updated: August - 24 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

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109/115 E Glenwood Ave, Knoxville, TN 37917 (MLS# 1352518)