313 Gayview Drive
Knoxville, TN, 37920 $ 395,000
Bedrooms4 Baths2.1 Sq 3,056 Monthly Estimate*
$ 2,728
for $395,000 with 4 bedrooms and 2 full baths, 1 half bath. This 3,056 square foot home was built in 1945 on a lot size of 0.32.
This is the investment opportunity you've been waiting for! Whether you're looking to expand your rental portfolio, house multiple generations under one roof, or capitalize on a high cash-flow property, this one checks every box. The main level offers a warm and inviting layout featuring 2 spacious bedrooms and 2 bathrooms. The kitchen comes fully equipped with a range, refrigerator, and dishwasher, while the dedicated laundry room includes a washer and dryer for added convenience. Beautiful hardwood and tile flooring flow throughout the home, and the covered back deck provides the perfect space to relax or entertain guests. One of the bathrooms has already been gutted and is plumbed, giving the next owner an excellent opportunity to finish the space with their own style and selections while adding immediate value to the property. The HVAC system is not currently operational; however, the sellers are actively working to have it repaired, offering added peace of mind for the future owner. What truly sets this property apart is the fully finished lower level, thoughtfully designed into two separate living quarters, each with its own private entrance--creating exceptional income potential. The first apartment features its own living area, full kitchen with range and refrigerator, private bedroom, full bathroom, and closet. The second apartment offers an equally impressive setup with a private living area, kitchen with range and refrigerator, bedroom, full bathroom, closet, plus an additional half bath--a rare and highly desirable feature for tenants. The basement units share a conveniently located laundry room equipped with a washer and dryer, adding even more functionality for occupants.To help the next owner plan for maximizing the space, estimates for the installation of mini-split HVAC systems have already been obtained for the basement apartments. This provides a clear path for adding independent climate control while enhancing the property's long-term rental potential. Positioned in one of South Knoxville's most sought-after areas, this property is just minutes from the Smoky's Baseball Stadium Downtown, Two of Knoxville's largest quarries: Fort Dickerson and Meads, University of Tennessee, UT Medical Center, Ijams Nature Center, and an easy drive to The Smoky Mountains. Properties with this kind of versatility are becoming increasingly difficult to find. With three independent living spaces under one roof, private entrances for the basement apartments, and tremendous rental potential, this property is positioned to deliver outstanding returns for the savvy investor. Whether you choose to lease all three units, live upstairs while generating income below, or create the perfect multigenerational living arrangement, the possibilities are endless. Opportunities like this don't stay on the market for long. Schedule your showing today and discover why this South Knoxville gem is the kind of investment buyers wait for--but shouldn't wait to buy. **Open House** Saturday August 8th 2-4pm
See more
FeaturesGeneralSewer Public Sewer
Heating Forced Air Electric
Cooling Ceiling Fan(s)
Appliances Dishwasher Dryer Range Refrigerator Washer
Architectural Style Other Traditional
Construction Materials Wood Siding Brick Block Frame
Year Built 1945
View Wooded
Property Subtype Single Family Residence
County Knox County - 1
Property Type Single Family
Association Amenities Other
HOA true
Attached Garage false
Total Rooms 7
Full Baths 2
Status Active
Directions From Downtown take Chapman Hwy to W Martin Mill Pike take a left on to Hialeah Dr After that take a right on to Cheyenne Dr and then again take a right on to Gayview Dr.
City Knoxville
MLS Area Knox County - 1
Lot Size Units Acres
Lot Size Square Feet 13939.2
Property Attached Y/N false
MLS Area Minor Knox County - 1
Structure Type Other
Standard Status Active
New Financing Cash true
New Financing VA Loan true
New Financing Coventional true
See more
InteriorBasement Finished Plumbed Other Outside Entr Only
Flooring Hardwood Vinyl Tile
Total Fireplaces 0
Fireplace Features None
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Total Bedrooms 4
Total Baths 3
See more
ExteriorParking Features On-Street Parking Basement Main Level
Lot Features Cul-De-Sac Wooded
Water Source Public
Lot Size Area 0.32
Building Area Total 3056
Lot Size Acres 0.32
Lot Size Source Tax Records
See more
* Excluded FeaturesList ByJacklyn JohnsonListing Agent
Realty Executives SouthBroker
jackiesellstn@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,728
- Monthly Property Taxes
- $110
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Knoxville, TN
Average List Price $588,432
Percent of Sale Price 49%
About Knoxville, TN 192,776 Population
8% Since 2002
$ 37,359 Median Income
35.08 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/15/2026 | $395,000 | -4.82% | Price Down |
| 7/30/2026 | $415,000 | | Listed Price |