602 Watauga Ave, Knoxville, TN 37917
602 Watauga Ave, Knoxville, TN 37917
602 Watauga Ave, Knoxville, TN 37917
602 Watauga Ave, Knoxville, TN 37917
602 Watauga Ave, Knoxville, TN 37917
602 Watauga Ave, Knoxville, TN 37917
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$ 430,000
Est. payment | /mo

3 Beds

1 Bath

1,600 SqFt


Save
$ 430,000
Est. payment | /mo
Save

3 Beds

1 Bath

1,600 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $268

Subdivision Lincoln Park

MLS Listing ID 1341972

Style Historic

Bedrooms 3

Full Baths 1

Year Built 1899

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 50 x 145

Property Sub-Type Single Family Residence

Source East Tennessee REALTORS® MLS

Property Description

RARE ADDITIONAL INCOME IN HISTORIC OAKWOOD / LINCOLN PARK! Welcome to 602 Watauga Avenue--a masterfully revitalized, turn-of-the-century property that perfectly marries historic architectural romance with a high-yielding, modern investment strategy. Originally built in 1899, this incredible dual-structure compound has been meticulously brought into 2026 with an array of major, top-tier capital improvements.

The Main Residence (3 BR / 2 BA Potential):
Step inside to experience soaring ceilings, crisp modern paint tones, and beautifully preserved original 1899 hardwood floors glowing with history. The spacious layout currently features 3 bedrooms and 1 fully remodeled bath, plus a second bathroom that is prepped, framed, and ready for the new owners to custom-renovate to their exact taste! The heart of the home features a spectacular formal dining room draped in sophisticated royal blue with crown molding, transitioning seamlessly into an updated kitchen space. Retreat to the primary bedroom suite where a gorgeous, exposed-brick fireplace mantel serves as an unforgettable historic focal point.

Tucked privately in the level backyard sits a fully permitted, completely detached 1-Bedroom, 1-Bathroom Accessory Dwelling Unit (ADU). Completely remodeled with its own private covered porch and independent utility/HVAC systems, this turnkey unit is currently leased to a long-term tenant for a steady $1,250/month ($15,000/year) in guaranteed income. Live in the main house and let the tenant offset your monthly housing expenses, use it as a multi-generational estate, or capitalize on massive short-term rental upside!!

Peace of Mind Upgrades Include:roof & gutters, Central HVAC system & ductwork,
Fully updated electrical system, Plumbing & New main sewer line.

Situated on a premier corner lot just minutes from Downtown Knoxville, UT, and central hospitals, smart investors and primary buyers will instantly recognize this rare turnkey opportunity. Schedule your private showing!

Location

State TN

County Knox County - 1

Area 0.16

Rooms

Other Rooms Sunroom, Bedroom Main Level, Extra Storage, Mstr Bedroom Main Level

Basement Plumbed, Slab

Dining Room Formal Dining Area

Interior

Interior Features Pantry

Heating Heat Pump, Electric

Cooling Central Cooling, Ceiling Fan(s)

Flooring Laminate, Carpet, Hardwood

Fireplaces Type Masonry

Fireplace No

Window Features Windows - Wood,Drapes

Appliance Range, Refrigerator

Heat Source Heat Pump, Electric

Exterior

Exterior Feature Prof Landscaped

Parking Features None, Carport, Main Level

Carport Spaces 1

Garage Description Carport, Main Level

Garage No

Building

Lot Description Corner Lot, Irregular Lot, Level, Rolling Slope

Faces I-40 to 275 North; Take Exit 2 for Heiskell Avenue; Turn right onto Heiskell Avenue; Veer right traffic light on Central Ave; Turn left Atlantic Ave; Turn left on Pershing Street; Turn right onto Chickamauga Avenue; Take an immediate left on Hanover Street; Home on the corner Hanover and Watauga Ave.

Sewer Public Sewer

Water Public

Architectural Style Historic

Structure Type Wood Siding,Brick,Frame

Schools

Middle Schools Whittle Springs

High Schools Fulton

Others

Restrictions No

Tax ID 069NF031

Security Features Security Alarm,Smoke Detector

Energy Description Electric

Acceptable Financing Other, Cash, Conventional

Listing Terms Other, Cash, Conventional

Listed by INNOVATE Real Estate

Nearby Locations

Adam Kitt

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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602 Watauga Ave