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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Knoxville, TN
Rental Income
Listed for sale 2 days ago
$ 312,000
ROI
22.1
Cash Flow/m
206- - Bed
- 1 Bath
- 520 sft
515 Cafego Pl #100, Knoxville, TN, 37902
Listed for sale 6 days ago
$ 219,000
ROI
21.7Cash Flow/m
118- 2 Bed
- 2 Bath
- 1188 sft
810 Highland Dr APT 802, Knoxville, TN, 37912
Listed for sale 7 days ago
$ 279,900
ROI
27.5Cash Flow/m
605- 3 Bed
- 3 Bath
- 1616 sft
804 Olde Pioneer Trl APT 165, Knoxville, TN, 37923
Fix & Flip
$ 249,900
ROI
22.6Cash Flow/m
201- 2 Bed
- 3 Bath
- 1632 sft
8844 Lennox View Way, Knoxville, TN, 37923
Why Invest in Knoxville, Tennessee?
Knoxville condo investments offer steady cash flow in a normalizing market with rising inventory and modest appreciation. Rental demand remains strong amid employment growth and population influx. Average rents support cap rates around 6-7%, with annual appreciation of 3-5%. Renter-occupied units exceed 45%, bolstered by university proximity and tourism. Low vacancy and improving sales signal reliable ROI for condos under $400k.
7.2%
Avg. ROI
6.5%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Yes, with average rents at $1,450 and 47% renter occupancy, condos yield 6.5% returns. Demand from students and professionals ensures low vacancies. Cap rates of 6.8% make them attractive amid modest appreciation.
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