Condo Investment Properties for Sale in Knoxville, TN
Listed for sale 1 day ago
$ 259,900
ROI
26.5
Cash Flow/m
484- 2 Bed
- 2 Bath
- 1083 sft
7553 Chatham Cir, Knoxville, TN, 37909
Listed for sale 1 day ago
$ 179,900
ROI
25.5Cash Flow/m
287- 2 Bed
- 2 Bath
- 1064 sft
942 Piney Grove Church Rd #4-C, Knoxville, TN, 37909
Listed for sale 1 day ago
$ 349,999
ROI
20.6Cash Flow/m
80- 1 Bed
- 1 Bath
- 620 sft
116 S Gay St APT 607, Knoxville, TN, 37902
Currently Rented
Rental Income
Listed for sale 2 days ago
$ 239,900
ROI
23.8Cash Flow/m
272- 2 Bed
- 3 Bath
- 1152 sft
2916 Beaverwood Dr, Knoxville, TN, 37918
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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