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0 Baths

$1,100,000

412 Watagua Drive Drive, Knoxville TN, 37918

Built in1969
Property typeMulti-family
Courtesy of SVN I Wood Properties, Ford Collier

Overview

Pending

Listed Dec 9, 2025

Updated Jun 9

SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes. Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside. The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance. Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed. With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market. This property is part of a 129 Unit portfolio that can be purchased together.

$7,318/mo

Est. mortgage payment based on a $1,100,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Courtesy of SVN I Wood Properties, Ford Collier

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Data last updated 5:40 PM UTC, 6/9/2026

 

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