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1203 Fair Drive, 
Knoxville, TN 37912

$450,000


Bed


Bath


2,250

Sq Ft


Multi-Family

Active

Listed by

Wala Habiby

Realty Executives Associates

Last updated:

June 25, 2025, 05:06 PM

MLS#

1305986

Source:

TN KAAR

About This Home

1203 Fair Drive

Fully renovated in 2023, this turn-key four-plex features four 1-bedroom, 1-bathroom units—each currently rented at $995/month with significant upside potential. Market rents in the area support $1,100-$1,200/month, offering a 10-20% lift for the next investor. Major upgrades include a new roof, energy-efficient windows, and full bathroom remodels in all units. Kitchens have been refreshed with new countertops, and two of the four units feature updated ranges. Each unit is equipped with a refrigerator and range. Additional improvements include: Fresh paint throughout all interiors All-new flooring in both downstairs units, with updated kitchen flooring in the upstairs units Two new HVAC wall units installed in the lower units, along with upgraded electrical New stair landing and exterior railings for added safety and curb appeal With all units move-in ready and below-market rents, this is an excellent opportunity for immediate cash flow and long-term appreciation. Schedule a showing today and add this stabilized asset to your portfolio

Home Facts

Multi-Family

Built in 1968

Price Summary

450,000

$200 per Sq. Ft.

MLS #:

1305986

Last Updated:

June 25, 2025, 05:06 PM

Added:

2 day(s) ago


Rooms & Interior

Interior

Living Area:

2,250 Sq. Ft.


Structure

Structure

Building Area:

2,250 Sq. Ft.

Year Built:

1968


Lot

Lot Size (Sq. Ft):

14,985


Finances & Disclosures

Finances

Price:

$450,000

Price per Sq. Ft:

$200 per Sq. Ft.

Source:TN KAAR
The information being provided by Knoxville Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Knoxville Area Association of REALTORS All rights reserved.

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