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3001 River Towne Way, Knoxville, TN 37920

$499,900
  • 3001 River Towne Way, Knoxville, TN 37920 Main Photo

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Pending - Continue to Show
BEDS3 BATHS2 full SQUARE FEET1,408 MLS#1321600
STATUSPending - Continue to Show PROPERTY TYPEResidential - Condominium SUBDIVISIONS Water Front River Towne Condos NEIGHBORHOODKnox County - 1

Property Description

Strong Rental & Investment PotentialThis 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.

3001 River Towne Way | MLS# 1321600

This condo located at 3001 River Towne Way, Knoxville, TN 37920 is currently listed for sale with an asking price of $499,900. This property was built in 2006 and has 3 bedrooms and 2 full baths with 1408 sq. ft. River Towne Way is located in the S Water Front River Towne Condos subdivision. Search S Water Front River Towne Condos real estate on www.clcommercialrealestate.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Central Cooling
Fireplaces: 1
Fuel Type: Electric
Garage: 1
Heating: Central, Electric
Home Style: Other
Year Built: 2006

Amenities

Walk-In Closet(s)
Eat-in Kitchen
Balcony

Feature Descriptions

Appliances: Dishwasher, Range
Association/Condo Fee: 325/Monthly
Association Amenities: Swimming Pool
Days on Site: 111
Exterior: Brick
Flooring: Carpet, Hardwood
HOA Y/N: Yes
Lot: Cul-De-Sac, Waterfront, Level
Parcel #: 108LD00201H
Parking: Designated Parking, Basement, Common
Security Features: Gated Community
Sewer: Public Sewer
Special View Info: City, Lake
SQFT Total: 1408
Swimming Pool: Yes
View: City, Lake
Water: Public

Local Schools

High School: South Doyle
Middle School: South Doyle
Elementary School: Mount Olive

Listed By / Shown By

Listed By

Agency Name: Keller Williams Signature

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: East Tennessee REALTORS

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Estimated Payment

$ 1,258.36 per month $1,112.56 Principal & Interest $0.00 Property Tax (data not provided by mls) $145.80 Homeowner's Insurance

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