116 S Gay St, Unit L101

Knoxville, TN 37902

$587,500
Price
2
Beds
1,130 Sq. Ft.
$520 / Sq. Ft.
1,130
Sq. Ft.
$520
per Sq. Ft.
Virtual Tour
Virtual Tour
Front
Living room a
Living Room
Living Room - Kitchen
Kitchen
Kitchen - Living room
Bedroom 2
IMG_0623
IMG_0624
IMG_0627
Bedroom 1
Bedroom 1a
Bathroom 1
Sterchi Lofts gym
Sterchi Lofts gym1
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JBP_Sterchi1009_2400px-9
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Sterchi Lofts1

Description

Experience the best combination of value and location downtown at Sterchi Lofts. Enjoy urban living at its finest in this beautiful 2-bedroom, 2-bath condo located in the heart of Downtown Knoxville. Nestled in the historic Sterchi Lofts, this home puts you within walking distance of the Tennessee Theatre, Market Square, Old City, and the exciting new Smokies baseball stadium. You're also just minutes from the University of Tennessee campus and the vibrant South Knoxville riverfront. Step inside...Experience the best combination of value and location downtown at Sterchi Lofts. Enjoy urban living at its finest in this beautiful 2-bedroom, 2-bath condo located in the heart of Downtown Knoxville. Nestled in the historic Sterchi Lofts, this home puts you within walking distance of the Tennessee Theatre, Market Square, Old City, and the exciting new Smokies baseball stadium. You're also just minutes from the University of Tennessee campus and the vibrant South Knoxville riverfront. Step inside to an open-concept floor plan filled with natural light from the large living room window. The 2nd bathroom was remodeled and updated. This unit also is wired for AT&T fiber optic, ideal for remote work or streaming. Residents enjoy access to the on-site fitness center and a rooftop deck offering stunning views of the Knoxville skyline, the Great Smoky Mountains, and the new baseball stadium. Enjoy the ultimate downtown lifestyle with Knoxville's best restaurants, bars, and entertainment right outside your door. Outdoor lovers will appreciate hiking and biking over 30 miles of greenways, boating and kayaking at Volunteer Landing, as well as the trails, ropes course and quarry at the nearby Ijams Nature Center. Don't miss this opportunity to own in the heart of downtown, in one of Knoxville's most centrally located buildings. Bathroom mirrors do not convey. Buyers to verify square footage. Additional storage available to rent separately.
  1. Listed by Joe Consumo • Terminus Real Estate, Inc.
  2. Listed by Gabi Stephens • Terminus Real Estate, Inc.

Property Details for 116 South Gay Street, Unit L101

Architectural Style
Historic
Sub division Name
Sterchi Lofts Condos Unit L101
View
Mountain View, City
Style Historic
True
LISTING UPDATED: 11/17/2025 06:04 PM

Property Details for 116 South Gay Street, Unit L101

StatusActive
MLS #1321890
Days on Market39
Taxes$3,894 / year
HOA Fees$290 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeSingle Family / Condominium
Year Built1920
CountyKnox County

Location

Listing Courtesy of Terminus Real Estate, Inc., Joe Consumo; Terminus Real Estate, Inc., Gabi Stephens (615.419.6788)
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Building Information for 116 South Gay Street, Unit L101

Building/Complex116 S Gay StFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built1920

Payment Calculator

$3,518 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,903

Property Taxes

$325

HOA Dues

$290

The Payment Calculator is for illustrative purposes only.

Property Information for 116 South Gay Street, Unit L101

Summary
Location and General Information
  • City: Knoxville
  • County Or Parish: Knox County - 1
  • Directions: Located on the 100 block of the Historic Arts District downtown.
  • Latitude: 35.968472
  • Longitude: -83.920059
  • MLS Area Major: Knox County - 1
  • MLS Area Minor: Knox County - 1
  • Postal Code: 37902
  • State Or Province: TN
  • Unit Number: L101
  • Road Frontage City: true
  • View City: True
  • View Mountain View: True
  • Location Tax Legal Info Unit Number: L101
  • Location Tax Legal Info Area: Knox County - 1
  • Remarks Misc Directions: Located on the 100 block of the Historic Arts District downtown.
Parking
  • Attached Garage: No
  • Parking Features: On-Street Parking, Off-Street Parking, Other
  • Atchd Dtchd Type Attached: True
  • Garage Parking Off-Street Parking: True
  • Garage Parking On-Street Parking: True
  • Garage Parking Other: True
Taxes and HOA Information
  • Association Fee: 290.0
  • Association Fee Includes: Pest Contract, Fire Protection, Building Exterior, Association Ins, Trash, Some Amenities, Grounds Maintenance
  • Association: true
  • Association Fee Frequency: Monthly
  • Parcel Number: 094EG04300A
  • Association Fee Incl Association Ins: True
  • Association Fee Incl Building Exterior: True
  • Association Fee Incl Fire Protection: True
  • Association Fee Incl Grounds Maintenance: True
  • Association Fee Incl Pest Contract: True
  • Association Fee Incl Some Amenities: True
  • Association Fee Incl Trash: True
  • Location Tax Legal Info Total Tax: 3894.15
  • General Property Description HOA Fee: 290.0
  • General Property Description HOA Freq: Monthly
  • General Property Description HOA Contact: Sterchi Lofts HOA 865-383-1117
  • General Property Description HOA: Mandatory
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Building Area Source: Tax Records
  • Lot Size Area: 0.03
  • Lot Size Units: Acres
  • Lot Size Square Feet: 1306.8
  • Year Built: 1920
  • Lot Features: Other
  • Building Area Total: 1130.0
  • Lot Size Acres: 0.03
  • Lot Size Source: Tax Records
  • General Property Description SqFt - Main Lvl: 1130.0
  • General Property Description SqFt - Down Lvl: 0.0
  • General Property Description SqFt - 2nd Flr Lvl: 0.0
  • General Property Description SqFt - 3rd Flr Lvl: 0.0
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Acres: 0.03
  • General Property Description Acre Source: Tax Records
  • General Property Description Site Built: Yes
  • Lot Description Other: True
Property and Assessments
  • Possession: At Closing
  • Property Attached: Yes
  • Property Type Label: Single Family
  • Floor Plans Count: 0
  • Property Type: Single Family
  • Property Sub Type: Condominium
  • Possession At Closing: True
Utilities
  • General Property Description Sewer: Public Sewer
  • Fuel Electric: True
  • Misc Features Internet Available: True
  • Misc Features Wired for Internet: True
  • Sewer Public Sewer: True
  • Water Public: True
Interior and Exterior Features
Exterior Features
  • Association Amenities: Elevator
  • Construction Materials: Steel, Other, Brick, Metal, Block
  • Siding Brick: True
  • Siding Metal: True
  • Siding Other: True
  • Community Amenities Architect Restricted: True
  • Community Amenities Elevator: True
  • Community Amenities Exercise Room: True
  • Community Amenities Extra Storage: True
  • Community Amenities Sidewalks: True
  • Exterior Features Windows - Aluminum: True
  • Misc Features Elevator: True
Interior Features
  • Beds Total: 2
  • Baths Full: 2
  • Baths Half: 0
  • Cooling: Central Cooling
  • Fireplaces Total: 0
  • Fireplace: No
  • Bathrooms Total Integer: 2
  • Cooling Details: Yes
  • Kitchen Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
  • Basement: No
  • Heating Details: Central, Electric
  • Fireplace Features: None
  • Flooring: Other
  • Heating: Yes
  • Heating Central: Yes
  • Fireplace None: True
  • Cooling Central Cooling: True
  • Floors Other: True
  • Basement None: True
  • General Property Description Number of Bedrooms: 2
  • General Property Description Number of Rooms: 4
  • General Property Description Fireplace: No
  • General Property Description Number of Fireplace: 0.0
  • General Property Description Basement: No
  • General Property Description Bonus Room: No
  • General Property Description Extra Storage: No
  • Heat Central: True
  • Dining Area KitchenDining Rm Co: True
  • Dining Area Living Room Dining Room: True
  • Appliances Dishwasher: True
  • Appliances Disposal: True
  • Appliances Microwave: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Appliances Self Cleaning Oven: True
  • Appliances Smoke Detector: True
  • Misc Features Walk-in Shower: True
  • Misc Features WasherDryer Connect: True
Room Information
Room
  • Rooms Total: 4
Rental
Rent Information
  • General Property Description Restrictions: Yes
  • Tenant Expenses Cooling: Central Cooling
  • Tenant Expenses Heating: Central,Electric

Property History for 116 South Gay Street, Unit L101

DateEvent & SourcePriceAppreciation
Nov 14, 2025

Listed (Active)

KAARMLS #1321890

$587,500—
Jun 5, 2025

Withdrawn

KAARMLS #1298878

—
Apr 26, 2025

Listed (Active)

KAARMLS #1298878

$669,000—
Oct 13, 2024

Withdrawn

KAARMLS #1249620

—
Feb 16, 2024

Price Change

KAARMLS #1249620

$669,000—
Jan 8, 2024

Listed (Active)

KAARMLS #1249620

$679,000—
May 26, 2020

Closed (Public Record)

Public Record #671187049

$362,275—
May 26, 2020

Closed

KAARMLS #1117965

$362,175—
May 26, 2020

Listed (Active)

KAARMLS #1117965

$360,000—
DateEvent & SourcePrice
11/14/2025

Listed (Active)

KAARMLS #1321890

$587,500
06/05/2025

Withdrawn

KAARMLS #1298878

—
04/26/2025

Listed (Active)

KAARMLS #1298878

$669,000
10/13/2024

Withdrawn

KAARMLS #1249620

—
02/16/2024

Price Change

KAARMLS #1249620

$669,000
01/08/2024

Listed (Active)

KAARMLS #1249620

$679,000
05/26/2020

Closed (Public Record)

Public Record #671187049

$362,275
05/26/2020

Closed

KAARMLS #1117965

$362,175
05/26/2020

Listed (Active)

KAARMLS #1117965

$360,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 South Gay Street, Unit L101

Taxable ValueLand-Additions-Total-
Tax Record2025$1,631 ($136 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,130 SqFtAbove Grade Finished SqFt1,130 SqFtStories1StyleCondominiumYear Built1920Year Renovated2010CountyKNOXAPN094EG04300A

Schools near 116 South Gay Street, Unit L101

This home is within Knox County School District.
Rating
School
Type
Grades
Distance
Sequoyah Elementary School
Public - PK to 5
Vine Middle/Magnet
Public - 6 to 8
Austin East High/Magnet
Public - 9 to 12
L & N Stem Academy
Public - 9 to 12
Rating
School
Distance
Sequoyah Elementary School
PublicPK to 5

Vine Middle/Magnet
Public6 to 8

Austin East High/Magnet
Public9 to 12

L & N Stem Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 116 South Gay Street, Unit L101, Knoxville, TN 37902

116 South Gay Street, Unit L101 is a condo for sale in Knoxville, TN 37902. This property was listed for sale on November 14, 2025 by Terminus Real Estate, Inc., it's currently listed at $587,500. It has been on the market for a total of 39 days and was last sold on May 26, 2020. This listing's school district is Knox County School District. Nearby schools include Sequoyah Elementary School, Vine Middle/Magnet and Austin East High/Magnet. 116 South Gay Street, Unit L101 is a 2-bed, 2-bath, 1,130 sqft condo built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Terminus Real Estate, Inc., Joe Consumo; Terminus Real Estate, Inc., Gabi Stephens (615.419.6788)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MTRMLS, Inc. All Rights Reserved. Last updated: 11/17/2025 06:04 PM