3014 Forestdale Ave, Knoxville, TN, 37917
About This Home
SVN | Wood Properties is proud to present 3014 Forestdale Ave — a beautifully updated 32 unit multifamily property in North Knoxville, just minutes from downtown. This well-maintained building features modern one-bedroom, one-bath units. Each unit currently rents for $980 per month on average, with market rent potential of $1,150, offering immediate upside for investors. Recent renovations and included utilities — water, landscaping, and waste service — make for easy ownership and strong tenant appeal. Included with the property is a vacant building that could be turned into an onsite laundry room, or a 33rd unit for additional income. This property also includes .75 acres (+/-) in the rear part of the property that could be used to build additional units, parceled and sold off, or used to create amenity space. With its prime location, solid in-place income, and room to grow rents, this property stands out as a turnkey investment opportunity in one of Knoxville's steadily growing neighborhoods — a true plus for any multifamily portfolio. This property is part of a 129 Unit portfolio that can be purchased together. For full financial documents please visit https://svnwood.com/inventory/?propertyId=1576427-sale
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1970
Materials
- Construction materials: Other
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Features
- Flooring: Laminate,Hardwood
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Property
Details
- Parcel number: 105952
Lot
- Lot size dimensions: 145.2 x 600.71 x IRR
Parking
- Parking features: On Premise Parking
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tornado
- Cold Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $18,456 | $221,472 |
| Home Insurance | $1,945 | $23,340 |
| Property Taxes | $1,338 | $16,056 |
| Electricity | $175 | $2,103 |
| Total | $21,914 | $262,968 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-22 | Listed for sale | $3,650,000 |
| 2026-05-18 | Listing removed | $3,650,000 |
| 2026-05-11 | Listed for sale | $3,650,000 |
| 2026-04-08 | Listing removed | $1,000 |
| 2026-03-30 | Listed for rent | $1,000 |
| 2026-03-16 | Pending sale | $3,650,000 |
| 2026-02-19 | Price change | $3,650,000 |
| 2025-12-10 | Listed for sale | $3,850,000 |
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