476, E 482 & 490 Red Bud Rd, Knoxville, TN 37920 (MLS# 1357074)

476, E 482 & 490 Red Bud Rd, Knoxville, TN 37920

$475,000
Property Type: Multi-Family Square Footage: 2,349 Status: Active
Current Price: $475,000 List Date: 9/29/2026 Last Modified: 10/29/2026

Overview

Description

THREE RENTAL UNITS | $37,080 GROSS INCOME | SOUTH KNOXVILLE All three units are currently leased, generating $37,080 in annual gross rental income ($3,090/month). Annual operating expenses total approximately $13,933, **including HOA fees of $200 per month per unit**, resulting in an estimated net operating income of $23,147 and a **4.87% cap rate at the new $475,000 asking price**. At approximately $158,333 per unit, this package offers investors three established rental income streams in one purchase. Financial figures exclude property management fees and are subject to buyer verification.

Listing Details MLS# 1357074

Location Tax Legal Info

House #
476,
St Dir
E
Street Name
482 & 490 Red Bud
St Suffix
Rd
State/Province
TN
Zip Code
37920
PIN #
109MC00201F
Subdivision
Redbud Condos Unit B6 5.8823% Com Elem

Contract Info

Auction Y/N
No
Listing Price
475000

General Property Description

SqFt - Total (Aprox)
2349
Number of Units
3
# Units Leased
3
Year Built
1972
Property Status
N/A
Restrictions
Yes
Driveway
Parking lot

Status Change Info

Status Change Date
2026-09-29

IncomeExpenses

Net Operating Income
23146

More Information

Property Features

Property Sub-Type: Apartment; Other Type of Units: 2 Bedroom Unit Sale Includes: No Furnishings Floors: Carpet; Vinyl Tenant Expenses: Electricity; Water Owner Expenses: HVAC Maintenance; Insurance; Taxes Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Range; Refrigerator; Self Cleaning Oven Construction: Frame - Brick Roof: Composition Siding: Brick Exterior Features: Balcony Misc Features: Wired for Internet Other Rooms: Other New Financing: Cash; Conventional Showing: See Agent Instructns
IDX
Listing Office: Keller Williams Signature
Last Updated: October - 29 - 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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