5800 Fountain Rd, Knoxville, TN 37918
$400,000
Property Type:
Multi-Family
Square Footage:
1,872
Lot Size (sq. ft.):
19,776
Status:
Active
Current Price:
$400,000
List Date:
9/08/2026
Last Modified:
11/04/2026
Overview
Description
...
(Read more)
Excellent opportunity to own an updated, income-producing duplex in the heart of Fountain City. Priced at $400,000 and offered as-is, this property features two spacious 2-bedroom, 1-bath units, both currently vacant and move-in ready.
Ideal for investors looking to expand their rental portfolio or owner-occupants interested in living in one unit while generating rental income from the other. Both units were previously leased together for $3,000 per month, providing an established rental history and an opportunity for the next owner to establish new leases at current market rates.
Major capital improvements have already been completed, including a NEW ROOF installed September 2026, two HVAC systems installed in 2020, and new dishwashers in October 2026. Both units underwent extensive renovations in 2022, featuring updated kitchens with soft-close cabinetry, tile backsplashes, refinished hardwood floors, updated bathrooms, modern fixtures, and individual washer and dryer connections.
Conveniently located near shopping, restaurants, major roadways, and downtown Knoxville.
The seller is retired, motivated, and has reduced the asking price to $400,000 to reflect an as-is sale. No additional seller improvements are planned. Seller financing may be considered with acceptable terms. All reasonable offers will receive serious consideration.
Showings by appointment through Broker Bay. Buyer to verify all information important to their purchase.
Listing Details MLS# 1354746
Location Tax Legal Info
- House #
- 5800
- Street Name
- Fountain
- St Suffix
- Rd
- State/Province
- TN
- Zip Code
- 37918
- PIN #
- 058CF01001
- Subdivision
- W S McFadden
Contract Info
- Service Level Provided
- MLS Entry Only
- Auction Y/N
- No
- Listing Price
- 400000
General Property Description
- SqFt - Total (Aprox)
- 1872
- Lot Dimensions
- 175M X 140M X IRR
- Lot Size SqFt
- 19776
- Number of Units
- 2
- Utilities/Mo Avg
- 150
- Year Built
- 1960
- Property Status
- N/A
- Restrictions
- No
- Driveway
- no
- Lease Information
- 2 units unoccupied expected rental income $3300
Status Change Info
- Status Change Date
- 2026-09-08
More Information
Property Features
Property Sub-Type:
Duplex
Type of Units:
2 Bedroom Unit
Sale Includes:
Building and Land
Floors:
Brick
Tenant Expenses:
Tenant Pays All Util
Owner Expenses:
Advertising; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Taxes; Trash Collection
Fuel:
Gas (Natural)
Heat:
Forced Air
Cooling:
Central Cooling
Appliances:
Dishwasher; Microwave; Range; Refrigerator; Smoke Detector
Construction:
Frame
Roof:
Asphalt
Siding:
Brick
Exterior Features:
Shed
Misc Features:
Washer/Dryer Connect; Wired for Internet
Other Rooms:
Mstr Bdrm Main Level
Miscellaneous:
Storage Space; Washer/Dryer Cnctns
New Financing:
Cash; Conventional; FHA; VA Loan
Showing:
See Agent Instructns
IDX
Listing Office:
United Real Estate Solutions
Last Updated: November - 04 - 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.