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$275,000 - 3206 E Magnolia Ave, Knoxville

-
Bedrooms
-
Baths
N/A
SQ. Feet
1948
Year Built

This versatile 4-plex represents a premier investment opportunity situated in a high-demand rental pocket. Tenants will love the convenience and walkability of this prime location, ensuring steady demand and consistent monthly cash flow. With four distinct units generating separate income streams, this property significantly mitigates vacancy risk while serving as an incredible wealth-building asset from day one. What truly sets this property apart is its rare commercial zoning, offering an unmatched level of versatility and long-term equity upside. Investors can comfortably collect traditional residential rent today while holding a highly valuable piece of commercial land for tomorrow. Whether you are looking to expand your portfolio with immediate cash flow, execute a strategic ''house-hack,'' or bank on future land appreciation, this property delivers the ultimate real estate trifecta. Opportunities that seamlessly blend residential income with commercial development potential do not stay on the market long. Contact us today to schedule your private tour.

Essential Information

  • MLS® #:
    3246542
  • Price:
    $275,000
  • Bathrooms:
    0.00
  • Acres:
    0.00
  • Year Built:
    1948
  • Type:
    Residential Income
  • Status:
    Active

Community Information

  • Address:
    3206 E Magnolia Ave
  • Subdivision:
    Lake Park Spgs Add
  • City:
    Knoxville
  • County:
    Knox County, TN
  • State:
    TN
  • Zip Code:
    37914

Amenities

  • Utilities:
    Electricity Available

Interior

  • Heating:
    Electric, Other
  • Cooling:
    Wall/Window Unit(s)

Exterior

  • Roof:
    Other
  • Construction:
    Other, Brick

School Information

  • Elementary:
    Spring Hill Elementary
  • Middle:
    Vine Middle/Magnet
  • High:
    Austin East High/Magnet

Additional Information

  • Date Listed:
    July 24th, 2026
  • Days on Market:
    29

Listing Details

  • Listing Office:
    Young Marketing Group, Realty Executives

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Disclaimer: All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.

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Listing information last updated on August 13th, 2026 at 5:40pm CDT.