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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.
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
Amenities
Monthly Cost Estimate
$3,182/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2816 NE Colt Drive
Knoxville, TN 37918
Rifle Range Estates Sub Unit 1
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
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.



