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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Knoxville, TN
Listed for sale 1 day ago
$ 350,000
ROI
23.3
Cash Flow/m
342- 3 Bed
- 2 Bath
- 1606 sft
6122 McMillan Creek Dr, Knoxville, TN, 37924
$ 195,000
ROI
23.3Cash Flow/m
191- 1 Bed
- 1 Bath
- 336 sft
1700-#500 Clinch Ave, KNOXVILLE, TN, 37916
Listed for sale 4 days ago
$ 460,000
ROI
25.6Cash Flow/m
752- 2 Bed
- 1 Bath
- 990 sft
116 S Gay St #M107, Knoxville, TN, 37902
Listed for sale 5 days ago
$ 250,000
ROI
29.2Cash Flow/m
657- 2 Bed
- 2 Bath
- 1020 sft
1713 Citydweller Way, Knoxville, TN, 37921
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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