About 311 Silver Place
Well-located 7-unit multifamily opportunity in North Knoxville, recently taken over following foreclosure and management transition. Current ownership has completed roster cleanup, implemented a revised rent structure that includes a built-in water/sewer offset, and is actively refilling vacant units. All units are operated as long-term rentals; no short-term rental income is assumed or required. This asset is best suited for a hands-on owner-operator seeking to complete lease-up and maximize cash flow through self-management and operational efficiency. Utilities are individually metered where applicable, with owner covering common utilities and water/sewer. Income and expense figures reflect projected stabilized operations based on market-supported rents. Buyer to verify all information and perform independent due diligence. Located just minutes from Downtown Knoxville, UT, major employers, and local entertainment districts. Property built before 1978 may contain lead-based paint. Zoned RN-4
Features of 311 Silver Place
| MLS® # | 1319536 |
|---|---|
| Price | $999,950 |
| Square Footage | 5,626 |
| Year Built | 1899 |
| Type | Multi-Family |
| Status | Active |
Community Information
| Address | 311 Silver Place |
|---|---|
| Area | Knox County - 1 |
| Subdivision | Cullen Prop Pt 11 |
| City | Knoxville |
| County | Knox County - 1 |
| State | TN |
| Zip Code | 37917 |
Amenities
| Features | Walk-in Shower |
|---|---|
| Parking | On-Street Parking, Off-Street Parking, On Premise Parking |
| Has Pool | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Central, Electric |
| Cooling | Central Cooling, Ceiling Fan(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Vinyl Siding, Frame, Other |
|---|---|
| Construction | Vinyl Siding, Frame, Other |
Additional Information
| Date Listed | October 22nd, 2025 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Pace Probity Asset Management |
|---|