116 S Gay St 108
Knoxville, TN, 37902 $ 430,000
Bedrooms1 Baths1.0 Sq 620 Monthly Estimate*
$ 2,970
for $430,000 with 1 bedroom and 1 full bath. This 620 square foot condo was built in 1920 on a lot size of 0.01.
TURNKEY SHORT-TERM RENTAL OPPORTUNITY IN THE HEART OF DOWNTOWN KNOXVILLE! Located in the historic Sterchi Lofts building, this fully furnished, loft-style condominium offers an exceptional opportunity to own a piece of downtown Knoxville while enjoying the flexibility of a personal retreat or investment property. Currently operated as a short-term rental, this property is being offered completely furnished and ready to go, providing an attractive opportunity for buyers looking to enter Knoxville's downtown vacation rental market without the hassle of furnishing and setting up a property from scratch. A loft style area was added to increase the sleeping capacity of the unit. Inside, you'll find an inviting open-concept loft with oversized windows that fill the space with natural light, comfortable living and sleeping areas, a fully equipped kitchen, and the convenience of an in-unit washer and dryer. The stylish furnishings and thoughtful layout create a welcoming atmosphere for guests visiting Knoxville for weekend getaways, University of Tennessee events, concerts, business trips, and downtown entertainment. Step outside and experience some of the very best that Knoxville has to offer. Situated in the vibrant Arts District and just steps from the Old City, this property places restaurants, coffee shops, breweries, galleries, and nightlife practically at your doorstep. Market Square and Gay Street are just a short stroll away, offering an incredible selection of dining, shopping, entertainment, and year-round events. Enjoy convenient access to the Tennessee Theatre, Bijou Theatre, World's Fair Park, the University of Tennessee, and Knoxville's exciting downtown attractions, including Covenant Health Park. For investors, the combination of a highly walkable downtown location, established short-term rental use, and a completely furnished interior makes this a compelling opportunity. For those seeking a second home or downtown getaway, enjoy the convenience of having your own place in the center of Knoxville's thriving urban scene. Whether you're looking to expand your investment portfolio or enjoy downtown Knoxville living, this Sterchi Lofts condominium offers location, character, convenience, and flexibility in one exceptional package. Buyers to verify Sq ft, HOA, and Taxes
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FeaturesGeneralSewer Public Sewer
Heating Central Electric
Cooling Central Cooling
Appliances Dishwasher Disposal Dryer Microwave Range Refrigerator Self Cleaning Oven Washer
HOA Fee 151
Association Fee Includes Pest Contract Fire Protection Building Exterior Association Ins Trash Some Amenities Grounds Maintenance
Architectural Style Historic
Security Features Smoke Detector
Construction Materials Steel Stone Brick Other
Year Built 1920
View City
Unit Number 108
Property Subtype Condominium
Community Features Sidewalks
Assoc Fee Paid Per Monthly
County Knox County - 1
Property Type Single Family
Association Amenities Elevator
HOA true
Attached Garage false
Subdivision Name Sterchi Lofts Condos Unit 108
Total Rooms 2
Full Baths 1
Status Active
Directions Located at the 100 block on the corner of Summit Hill and S Gay St
City Knoxville
MLS Area Knox County - 1
Lot Size Units Acres
Lot Size Square Feet 435.6
Property Attached Y/N true
MLS Area Minor Knox County - 1
Structure Type High Rise
Standard Status Active
New Financing Cash true
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InteriorInterior Amenities Elevator Eat-in Kitchen
Basement None
Flooring Other
Total Fireplaces 0
Fireplace Features None
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Window Features Windows - Aluminum
Fireplace Y/N false
Half Baths 0
Total Bedrooms 1
Total Baths 1
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ExteriorParking Features On-Street Parking Off-Street Parking Other
Lot Features Other
Water Source Public
Lot Size Area 0.01
Building Area Total 620
Lot Size Acres 0.01
Lot Size Source Tax Records
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* Excluded FeaturesList ByTerminus Real Estate, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $2,970
- Monthly Property Taxes
- $203
- 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 NearbyCondo listings in Knoxville, TN
Average List Price $490,251
Percent of Sale Price 14%
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 |
|---|
| 10/9/2026 | $430,000 | | Listed Price |