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About This Home

This 8-bedroom, 0-bathroom residential multi family at 2816 NE Colt Drive in Knoxville, TN is listed for $595,000 ($125 per sqft). Built in 1974, the home offers 4,773 sqft of living space on a 0.37 acres lot.

Agent Description

Rare opportunity to acquire a fully occupied multifamily asset in the growing Halls market with immediate income and future upside potential! This 4-plex at 2816 Colt Drive is currently 100% occupied with all four units leased on month-to-month agreements, offering flexibility for future rent adjustments and management strategies.

The property consists of four spacious 2-bedroom, 1.5-bath units, each designed for comfortable everyday living. All units include washer and dryer hookups and feature their own private utility/laundry room located at the rear of the building, providing added convenience and storage for tenants.

Tenants pay their own utilities, while the owner maintains the grounds, creating an efficient management structure. Situated on a quiet dead-end street, the property offers ample on-site parking and a peaceful setting while remaining conveniently close to everyday amenities.

Its desirable location just off North Broadway in the Halls community places residents minutes from major restaurants, grocery stores, parks, ball fields, schools, and other conveniences. Downtown Knoxville is only 12 minutes away, making this an attractive location for tenants seeking both accessibility and a neighborhood feel.

Whether you're expanding an existing portfolio or seeking a turnkey investment property with stable occupancy, this income-producing asset offers a compelling opportunity in one of Knoxville's most convenient and established rental markets.

Key Features

  • Built in 1974
  • 0.37 acre lot

Property Details

4 full
1974

Amenities

A/C

Monthly Cost Estimate

$3,182/mo

20% down · 6.5% · 30 years

Principal$430
Interest$2,578
Insurance$174

Estimates only. Actual payments may vary.

Location

2816 NE Colt Drive

Knoxville, TN 37918

Rifle Range Estates Sub Unit 1

Features & Amenities

Interior Features

Pantry

Property Details

Flooring

VinylCarpet

Construction

Brick

Pool Features

Porch

Parking

Off Street

Heating

Electric (Heating)Heat Pump (Heating)Central

Cooling

Window Unit(s)Ceiling Fan(s)

Appliances

DishwasherRangeRefrigerator

Questions & Answers

This 8-bedroom, 0-bathroom residential multi family at 2816 NE Colt Drive is listed at $595,000 ($125/sqft). The estimated monthly payment is $2,578 based on 20% down at 6.5% interest.

Key features include: Built in 1974, 0.37 acre lot. Interior Features: Pantry.

This property is listed by Brooke Miracle and can be reached at 8656968089 or brooke@jefflarueteam.com.

BM

Brooke Miracle

Agent at Realty Executives Associates

(865) 696-8089

Listed by Realty Executives Associates · View on Broker Site

MLS# 1343372· Source: listhub· Updated 1 days ago

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2816 NE Colt Drive, Knoxville, TN 37918

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