482 East Red Bud Road
New
New
Multi FamilyProperty Type
1972Year Built
$209/sq ftPrice per sq ft
Description
THREE RENTAL UNITS | $37,080 GROSS INCOME | SOUTH KNOXVILLE
Rare opportunity to acquire three 2-bedroom, 1-bath rental units as one investment package in Knoxville's desirable 37920 area. Offered together for $490,000, 476 E Red Bud Rd, 482 E Red Bud Rd, and 490 E Red Bud Rd provide an investor with an established three-unit rental portfolio and immediate income from existing tenants. The three units currently generate $37,080 in gross annual rental income, or approximately $3,090 per month, with...THREE RENTAL UNITS | $37,080 GROSS INCOME | SOUTH KNOXVILLE
Rare opportunity to acquire three 2-bedroom, 1-bath rental units as one investment package in Knoxville's desirable 37920 area. Offered together for $490,000, 476 E Red Bud Rd, 482 E Red Bud Rd, and 490 E Red Bud Rd provide an investor with an established three-unit rental portfolio and immediate income from existing tenants. The three units currently generate $37,080 in gross annual rental income, or approximately $3,090 per month, with reported annual operating expenses of $13,933. Based on the current income and expenses provided, the property produces approximately $23,147 in annual NOI, representing an estimated 4.72% cap rate at the $490,000 asking price. Each property offers a functional 2-bedroom, 1-bath layout, providing an attractive and versatile rental configuration. With all three units being sold together, the package offers investors the opportunity to acquire multiple income-producing assets in a single transaction rather than purchasing units individually. Location is a key advantage. Situated in Knoxville's 37920 ZIP code, the properties benefit from convenient access to Downtown Knoxville, the University of Tennessee, the South Waterfront, Sevier Avenue, major employment centers, restaurants, shopping, outdoor recreation and major transportation routes. South Knoxville has experienced continued residential and commercial investment, while the broader 37920 rental market has seen continued demand. The proximity to the University of Tennessee is particularly notable, with UT reporting record enrollment of 41,287 students in Fall 2026. This established educational and employment hub contributes to the area's large and diverse rental housing market. For an investor looking to expand an existing portfolio, this offering provides three properties and three income streams in one acquisition. For someone starting a rental portfolio, it offers an opportunity to begin with multiple units already producing income rather than purchasing a single rental property. KEY INVESTMENT HIGHLIGHTS:
• Three 2BR/1BA rental units sold together
• $490,000 asking price for all three
• $37,080 current gross annual rental income
• $13,933 reported annual operating expenses
• Approximately $23,147 annual NOI
• Approximately 4.72% cap rate based on current operating figures
• Approximately $3,090/month total gross rental income
• Existing tenants and established rental income
• Approximately $163,333 acquisition cost per unit
• Knoxville 37920 location
• Convenient access to Downtown Knoxville and UT
• Strong surrounding residential growth and investment activity
• Opportunity to add multiple income-producing assets to an existing portfolio or establish a new multifamily portfolio
Financials, rents, expenses and cap rate are based on information provided by the seller and should be independently verified by the buyer. Buyer to conduct their own due diligence regarding leases, income, expenses, zoning, property condition and future rental potential.
Rare opportunity to acquire three 2-bedroom, 1-bath rental units as one investment package in Knoxville's desirable 37920 area. Offered together for $490,000, 476 E Red Bud Rd, 482 E Red Bud Rd, and 490 E Red Bud Rd provide an investor with an established three-unit rental portfolio and immediate income from existing tenants. The three units currently generate $37,080 in gross annual rental income, or approximately $3,090 per month, with...THREE RENTAL UNITS | $37,080 GROSS INCOME | SOUTH KNOXVILLE
Rare opportunity to acquire three 2-bedroom, 1-bath rental units as one investment package in Knoxville's desirable 37920 area. Offered together for $490,000, 476 E Red Bud Rd, 482 E Red Bud Rd, and 490 E Red Bud Rd provide an investor with an established three-unit rental portfolio and immediate income from existing tenants. The three units currently generate $37,080 in gross annual rental income, or approximately $3,090 per month, with reported annual operating expenses of $13,933. Based on the current income and expenses provided, the property produces approximately $23,147 in annual NOI, representing an estimated 4.72% cap rate at the $490,000 asking price. Each property offers a functional 2-bedroom, 1-bath layout, providing an attractive and versatile rental configuration. With all three units being sold together, the package offers investors the opportunity to acquire multiple income-producing assets in a single transaction rather than purchasing units individually. Location is a key advantage. Situated in Knoxville's 37920 ZIP code, the properties benefit from convenient access to Downtown Knoxville, the University of Tennessee, the South Waterfront, Sevier Avenue, major employment centers, restaurants, shopping, outdoor recreation and major transportation routes. South Knoxville has experienced continued residential and commercial investment, while the broader 37920 rental market has seen continued demand. The proximity to the University of Tennessee is particularly notable, with UT reporting record enrollment of 41,287 students in Fall 2026. This established educational and employment hub contributes to the area's large and diverse rental housing market. For an investor looking to expand an existing portfolio, this offering provides three properties and three income streams in one acquisition. For someone starting a rental portfolio, it offers an opportunity to begin with multiple units already producing income rather than purchasing a single rental property. KEY INVESTMENT HIGHLIGHTS:
• Three 2BR/1BA rental units sold together
• $490,000 asking price for all three
• $37,080 current gross annual rental income
• $13,933 reported annual operating expenses
• Approximately $23,147 annual NOI
• Approximately 4.72% cap rate based on current operating figures
• Approximately $3,090/month total gross rental income
• Existing tenants and established rental income
• Approximately $163,333 acquisition cost per unit
• Knoxville 37920 location
• Convenient access to Downtown Knoxville and UT
• Strong surrounding residential growth and investment activity
• Opportunity to add multiple income-producing assets to an existing portfolio or establish a new multifamily portfolio
Financials, rents, expenses and cap rate are based on information provided by the seller and should be independently verified by the buyer. Buyer to conduct their own due diligence regarding leases, income, expenses, zoning, property condition and future rental potential.
Days on Market Listed Today
- Listed by: Julie Carter • Keller Williams Signature
- Listed by: Misty Cunningham • Keller Williams Signature
Last updated: 09/29/2026 07:34 AM • Source: KAARMLS, MLS#: 1357074
Location
Listing Courtesy of Keller Williams Signature, Julie Carter; Keller Williams Signature, Misty Cunningham (865.320.6322)
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$2,986 per month
30 year fixed, 7.03% Interest
Principal and Interest
$2,616
Property Taxes
$370
HOA Dues
$0
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1Property Information for 482 East Red Bud Road
Property Details
- Taxes: $4,439 / year
- MLS Type: Multi-Family
- Lot Size: 0.00 AC / 0 SF
- County: Knox County
- Sub division Name: Redbud Condos Unit B6 5.8823% Com Elem
Building Information
- Residences: 3
- Year Built: 1972
- Lot Size: 0.00 AC / 0 SF
Summary
Location and General Information
- City: Knoxville
- County Or Parish: Knox County - 1
- Directions: Sevierville Pike to E Red Bud Rd
- Latitude: 35.935734
- Longitude: -83.88111
- MLS Area Major: Knox County - 1
- MLS Area Minor: Knox County - 1
- Postal Code: 37920
- State Or Province: TN
- Location Tax Legal Info Area: Knox County - 1
- Remarks Misc Directions: Sevierville Pike to E Red Bud Rd
Parking
- Attached Garage: No
- Parking Features: On Premise Parking
- General Property Description Driveway: Parking lot
- Garage Parking On Premise Parking: True
School Information
- Elementary School: Dogwood
- High School: South Doyle
- Middle Or Junior School: South Doyle
- Location Tax Legal Info Elementary School: Dogwood
- Location Tax Legal Info Middle School: South Doyle
- Location Tax Legal Info High School: South Doyle
Taxes and HOA Information
- Association Fee: 0.0
- Parcel Number: 109MC00201F
- Owner Expenses Taxes: True
- Location Tax Legal Info Total Tax: 4438.95
Virtual Tour
- Virtual Tours Count: 0
Property
Lot Information
- Building Area Source: Tax Records
- Lot Size Square Feet: 0.0
- Year Built: 1972
- Building Area Total: 2349.0
- Living Area Source: Tax Records
- Lot Size Dimensions: 0
- General Property Description SqFt - Source: Tax Records
- General Property Description Lot Dimensions: 0
- General Property Description Lot Size SqFt: 0.0
Property and Assessments
- Possession: At Closing
- Property Type Label: Multi-Family
- Floor Plans Count: 0
- Property Type: Multi-Family
- Possession At Closing: True
Utilities
- General Property Description UtilitiesMo Avg: 0.0
- Fuel Electric: True
- Misc Features Wired for Internet: True
Interior and Exterior Features
Exterior Features
- Exterior Features: Balcony
- Construction Materials: Brick
- Siding Brick: True
- Exterior Features Balcony: True
Interior Features
- Cooling: True
- Bathrooms Total Integer: 0
- Cooling Details: Yes
- Kitchen Appliances: Dishwasher, Range, Refrigerator, Self Cleaning Oven
- Heating Details: True
- Flooring: Carpet, Vinyl
- Heating: Yes
- Heating Central: Yes
- Cooling Central Cooling: True
- Floors Carpet: True
- Floors Vinyl: True
- Heat Central: True
- Appliances Dishwasher: True
- Appliances Range: True
- Appliances Refrigerator: True
- Appliances Self Cleaning Oven: True
- Other Rooms Other: True
- Roof Composition: True
Multi Family
Income & Expenses Information
- Gross Income: $37,080.00
- Net Operating Income: $23,146.00
- OperatingExpense: $13,933.00
Multi-Family Information
- Number Of Units Total: 3
- Type of Units 2 Bedroom Unit: True
- Income Expenses Gross Annual Income: 37080.0
- Income Expenses Annual Oper Expenses: 13933.0
Unit 1
- Unit 1 Unit Number: 476
- Unit 1 Beds Total: 2
- Unit 1 Rent: 1100
- Unit 1 Squarefeet: 783.0
- Unit 1 Furnished: Unfurnished
Unit 2
- Unit 2 Unit Number: 482
- Unit 2 Beds Total: 2
- Unit 2 Rent: 995
- Unit 2 Squarefeet: 783.0
- Unit 2 Furnished: Unfurnished
Unit 3
- Unit 3 Unit Number: 490
- Unit 3 Beds Total: 2
- Unit 3 Rent: 995
- Unit 3 Squarefeet: 783.0
- Unit 3 Furnished: Unfurnished
Rental
Rent Information
- General Property Description Number of Units Leased: 3.0
- General Property Description Restrictions: Yes
- Tenant Expenses Cooling: True
- Tenant Expenses Electricity: True
- Tenant Expenses Heating: True
- Tenant Expenses WaterSewer: True
Property History for 482 East Red Bud Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 29, 2026 | Listed (Active) KAARMLS #1357074 | $490,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/29/2026 | Listed (Active) KAARMLS #1357074 | $490,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 482 East Red Bud Road
Taxable ValueLand-Additions-Total-
Tax Record2025$620 ($52 / month)
Home Facts
Baths1Total Finished SqFt783 SqFtAbove Grade Finished SqFt783 SqFtStories1Lot Size733 SqFtStyleMulti-Family Res (5+ Units)Year Built1972Year Renovated1990CountyKNOXAPN109MC00201C
Schools near 482 East Red Bud Road
This home is within Knox County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Dogwood Elementary School PublicPK to 5 | ||
South Doyle Middle School Public6 to 8 | ||
South Doyle High School 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Signature, Julie Carter; Keller Williams Signature, Misty Cunningham (865.320.6322)
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 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 09/29/2026 07:34 AM