TN
Knox County - 1
Knoxville
37920
3001 River Towne Way 402
3001 River Towne Way 402, Knoxville, TN 37920
Share Listing
Listing Type
Condo/Townhome
Listing Status
Active
36
$525,000

Home Details for 3001 River Towne Way 402

Price
$525,000
Type
Residential
Bedrooms
3
Bathrooms
2.0
Square feet
1408
Year built
2006
County
Knox County - 1
Total rooms
5
Garage
1
Basement
None
Days on site
65
MLS Listing#
1321600
Hoa
325
Property Description

**SELLER OFFERING $5,000 towards rate buydown or closing costs. PLUS immediate RENTAL INCOME** Strong Rental & Investment Potential This condominium presents a compelling income-producing opportunity, with a current lease already in place through June 1, 2026, allowing a new owner to step into immediate rental income with built-in stability. Properties with secured leases, riverfront views, and proximity to major employment and education hubs are consistently in high demand, making this a strong option for investors seeking predictable performance. The combination of Tennessee River views, walkability and access to the University of Tennessee campus, UT Hospital, and downtown Knoxville creates broad tenant appeal. This location is especially attractive to graduate students, medical professionals, faculty, and corporate renters who value convenience, security, and premium amenities. River-facing units with private balconies and resort-style features often command stronger rental rates and experience lower vacancy due to their limited availability. As the area continues to evolve, the upcoming pedestrian bridge project will further enhance connectivity between South Knoxville and downtown, increasing accessibility to dining, entertainment, and employment centers. This infrastructure improvement is expected to strengthen both lifestyle appeal and long-term demand, adding future upside to an already well-positioned asset. Situated within a gated community, residents enjoy peace of mind alongside amenities that support tenant retention, including a saltwater pool, secure access, and professionally maintained common areas. With minimal maintenance responsibilities and a prime waterfront location, this condo offers a rare balance of lifestyle enjoyment and investment performance. Whether held as a long-term rental, future personal residence, or strategic addition to an investment portfolio, this property delivers immediate income with strong prospects for continued desirability in Knoxville's growing riverfront market.

Property Features
  • Parking
    • Basement
    • Common
    • Assigned
  • Heating Information
    • Central
    • Electric
  • House Interior
    • Walk-In Closet(s)
    • Eat-in Kitchen
  • Waterfront and Water Access
    • Lake Front
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Basement
    • None
  • Fire Place
    • None
School Information
School Information for 3001 River Towne Way 402, Knoxville, TN 37920
Elementary School
Mount Olive
Middle School
South Doyle
High School
South Doyle
Listing Courtesy: Keller Williams Signature - 865-588-9300
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright ©2026 Knoxville Area Association of REALTORS® Multiple Listing Service. All Rights Reserved.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from East Tennessee Realtors.
EXIT REALTY PROS
9821 Cogdill Rd. Suite 1A, Knoxville, TN 37932
Office
865 383 3948
Request more details
Code: