Superb Student Rental Investment! - Knoxville, TN
University Rental - Fantastic Condition - Stable & Strong Market
Marketing description
Prime Student-Rental Investment Opportunity!
Don’t miss this exceptional multifamily offering featuring two side-by-side investment rentals in Knoxville’s highly sought-after Fort Sanders neighborhood. Just minutes from the University of Tennessee, this area is a proven, high-demand student rental market with bounded geography and limited inventory—making it a standout choice for out-of-town and local investors alike. Renovated in 2018, both properties are in excellent condition and poised for consistent returns. The 1413 Highland house is renovated as a whole house. It is one-rental unit with 6-bedrooms. The 1415 Highland house has been renovated as four-rental units, with a total of 17-bedrooms. These properties have their own parking lot which can easily hold 11 to 12 vehicles. Additional parking is available on the street. These properties are fully leased through May of 2027, and current rents are significantly below market—potentially by as much as 40% to 50%. So, great potential upside for its new owner.
Opportunities like this move quickly—schedule your private showing today! Showings are by appointment only with a minimum 24-hour notice. Properties are occupied; please do not disturb tenants. Contact the agent for additional details.
Investment highlights
The University of Tennessee -
The University of Tennessee, founded in 1794 and later designated as a land-grant institution, has grown from a small early American college into a major statewide public research system. Its flagship campus in Knoxville offers hundreds of undergraduate and graduate programs across diverse fields such as engineering, business, agriculture, arts and sciences, communication, law, nursing, and veterinary medicine. Strong research partnerships, most notably with Oak Ridge National Laboratory, and specialized campuses like the UT Space Institute further strengthen its reputation as a center for scientific, technological, and applied research.
Today, UT serves more than 40,000 students in Knoxville and about 65,000 across its statewide system, making it one of Tennessee’s most influential educational and economic institutions. Its role in workforce development, research innovation, and public service extends to all 95 counties in the state, while its academic achievements, research output, and prominent alumni contribute to its significance on a national level.
Fort Sanders Neighborhood In Context -
Along with the University of Tennessee, the Fort Sanders neighborhood is ideally situated amid the city’s most dynamic destinations—including Market Square, Gay Street, the Old City, and the newly developed Covenant Health Smokies Baseball Park. As downtown Knoxville and the University of Tennessee continue to grow, this property occupies a premier location at the center of that momentum, surrounded by the education center, attractions, and amenities that draw people to the city’s core.
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