117 E Glenwood Ave #1, Knoxville, TN, 37917
About This Home
AWESOME INVESTMENT OPPORTUNITY WITH 3 SEPERATE UNITS. Imagine living on the 3rd floor penthouse while generating income from the main level and lower level living spaces. Welcome to 117 East Glenwood Avenue, a beautifully renovated three-story property in the historic 4th & Gill neighborhood, one of Knoxville's most sought-after communities. Combining classic character with modern updates, this versatile home offers comfortable living, abundant natural light, and a functional open layout designed to fit a variety of lifestyles. Each floor features its own full kitchen, individual bedrooms, and one full bath, providing a total of 5 bedrooms and three full bathrooms throughout the property. Newly renovated with luxury vinyl plank flooring and new stainless steel appliances, the home also offers ample cabinet storage and thoughtfully updated living spaces. Enjoy a prime location with charming street views and easy access to downtown Knoxville. Residents can take advantage of nearby parks, including the picturesque Fort Dickerson Park, along with a vibrant dining scene featuring Southern comfort food, trendy cafes, local coffee shops, art galleries, community events, and pet-friendly outdoor spaces. This property presents an outstanding investment opportunity. The lower and main levels are already leased, while the top floor is move-in ready. Live on one floor and generate rental income from the others, or maximize the property's income potential with all three levels. With separate entrances, the possibilities are endless. Don't miss your change to own this unique property in the heart of 4th and Gill. Contact agent Russ Ford today for additional information and to schedule your private showing or book directly through Broker Bay.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Construction materials: Block,Frame,Other
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Range,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
Features
- Pantry
- Window features: Windows - Vinyl,Wood Frames
Heating & Cooling
- Heating features: Heat Pump,Natural Gas,Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 3,567
- Total interior livable area: 3,567 sqft
Property
Details
- Parcel number: 081LF015
Lot
- Lot size: 8,775 sqft
- Lot size dimensions: 65 x 135
Parking
- Parking features: On Street,Off Street,On Premise Parking
- Has uncovered spaces: Yes
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
- Winter Weather
- Cold Wave
- Earthquake
- Inland Flooding
- Ice Storm
- Strong Wind
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 | $3,286 | $39,432 |
| Home Insurance | $346 | $4,152 |
| Property Taxes | $238 | $2,856 |
| Electricity | $289 | $3,477 |
| Total | $4,159 | $49,908 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Listing removed | $1,595 |
| 2026-06-23 | Listed for sale | $649,900 |
| 2026-05-30 | Price change | $1,595 |
| 2026-04-18 | Listed for rent | $1,695 |
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