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Foreclosures for Sale in the Knoxville & Lakeway areas of TN

Foreclosures for Sale in the Knoxville & Lakeway areas of TN

$579,000
3 Beds 3 Baths 1345022 MLS ACTIVE Status
****Investor Alert****Turnkey Cabin Potential in Wears Valley! **Unbeatable Location & Massive Equity Potential** Investors, take note! This well-maintained cabin is located right in the heartbeat of highly desirable **Wears Valley**, offering the perfect canvas for a lucrative short-term rental or a high-yield flip. **This property is a foreclosure and is being sold strictly AS-IS**, providing a rare, aggressively priced opportunity to walk into instant equity in the Smoky Mountains market. NEW WELL SYSTEM ### The Layout & Amenities Spanning three fully utilized levels, this cabin maximizes guest capacity and entertainment value--the two most important metrics for rental success: * **Main Level:** Features seamless, zero-step entry via an accessibility ramp. Inside, a spacious open-concept kitchen, dining room, and living room welcome guests, alongside a convenient main-level bedroom and full bathroom. * **Lower Level:** Built for entertainment! Equipped with a dedicated game space featuring a foosball table, plus one traditional bedroom, an additional flexible **bonus room**, and a full bathroom. * **Upper Level Loft:** A secondary game zone featuring an air hockey table for hours of entertainment, leading to a private bedroom oasis with its own en-suite bathroom. ### Premium Outdoor Living Step out onto the main-level deck just off the living room to find the ultimate crowd-pleaser: a private, outdoor hot tub housed securely It's the perfect, low-maintenance setting for guests to relax and soak in the Smoky Mountain atmosphere. ### The Bottom Line With 3 bedrooms, a bonus room, 3 full baths, and dual game areas, this cabin has the exact footprint that high-earning rental guests look for. Bring your vision, capitalize on the motivated corporate seller, and unlock this property's true cash-flow potential.

4160 Chamberlain Lane, Sevierville

$1,699,950
1343469 MLS ACTIVE Status
Outstanding investment opportunity—two multi-unit properties offered together at 1412 & 1418 Armstrong Ave on one deeded lot in Knoxville's desirable Old North area. Featuring 12 total units across two buildings. Zones RN4. One unit could be STR if owner occupied purchase otherwise all units would need to be 30 day minimum rentals. We cleaned up the tenant roster and working on filling vacancies or you can get in now and choose your own! 1418 Armstrong Ave includes four fully furnished units.. Two feature 3 bedrooms and 1½ baths with full kitchens and shared HVAC; two are 1-bedroom, 1-bath units with private HVAC systems, ideal for traveling professionals or flexible leasing options (30 days or more required). 1412 Armstrong Ave consists of eight 1-bedroom, 1-bath units, each separately metered and equipped with individual HVAC systems. An on-site laundry facility adds convenience and appeal for residents. Positioned on a quiet dead-end street just minutes from downtown Knoxville, the University of Tennessee, and major attractions, this property offers strong possibilites and potential for multiple income streams. Whether managed as long-term housing, short-term rentals (30 days or more), or a hybrid model, it's a turn-key addition for any investor seeking cash flow and appreciation in one of Knoxville's fastest-growing rental markets. Property built before 1978 may have lead based paint. Buyer to verify all information independently.

1412-1418 Armstrong Ave, Knoxville

$999,900
2 Beds 4 Baths 1343336 MLS ACTIVE Status
Positioned in one of the most visited destinations in the country, this fully furnished, turnkey cabin at 433 Red Hawk Way offers an exceptional opportunity for investors and lifestyle buyers alike. Gatlinburg sits at the gateway to Great Smoky Mountains National Park -- the most visited national park in the United States, drawing over 11.5 million visitors annually -- making this location one of the strongest short-term rental markets in the country. This property is approved and ready for commercial STR use. The cabin sleeps 12 and features two primary suites, each with a private ensuite bath -- one conveniently located on the main level for single-level accessibility, and a second upstairs, privately situated off the open loft area. Cathedral ceiling floods the open living areas with natural light, framing sweeping mountain views that carry through to the 1,200 square feet of wraparound decking. Outdoor living is equally impressive: a private hot tub, covered dining gazebo, and firepit create multiple gathering spaces guests return for season after season. The stacked stone fireplace anchors the main living area with warmth and character. An open upper loft adds flexible sleeping or gathering space, and the thoughtful layout supports both family retreats and group getaways with ease. Sold fully furnished and turnkey -- ready to generate income from day one. Lower level has its own decking area with easy access to outdoor amenities as well and has its own full bath. Plenty of open storage for guests as owners property can be secured behind locked doors. Ideally situated between Pigeon Forge and Gatlinburg, the location gives guests easy access to the full range of the area's attractions -- Dollywood, outlet shopping, acclaimed dining, live entertainment, and the entrance to Great Smoky Mountains National Park -- without being in the middle of the tourist corridor. That balance of convenience and privacy is a consistent driver of repeat bookings and strong reviews. With over 11.5 million annual visitors to the Smokies and sustained demand for quality cabin accommodations throughout the region, 433 Red Hawk Way is positioned to perform. Whether you are expanding a portfolio or acquiring your first investment property in one of America's premier mountain markets, this cabin is turnkey, furnished, and ready to deliver from day one.

433 Red Hawk Way, Gatlinburg

$103,000
3 Beds 1 Baths 1338648 MLS ACTIVE Status
Solid brick bungalow with genuine character that's increasingly hard to find at this price point. Natural stone columns anchor a covered front porch, and the oversized front deck adds functional outdoor living space rarely seen on comparable homes. Inside, the craftsmanship speaks for itself -- tall dark wood baseboards, bold crown molding, and original wood door casings frame every room with a richness that newer construction simply doesn't replicate. French doors with glass panes open between living spaces, creating an open, connected flow while preserving the home's period integrity. A brick fireplace serves as the focal point of the main living area, adding both visual weight and classic appeal. The home is ready for a buyer with vision -- cosmetic updates and some repairs will unlock significant value in a market that rewards well-positioned, character-rich properties. Three bedrooms, one bath. Conventional financing or cash. Located in the Vollintine-Evergreen district, minutes from the energy of Midtown Memphis. Rhodes College is approximately 1.6 miles away, multiple medical campuses are within 3 miles, and downtown Memphis dining, entertainment, and employment corridors are all easily accessible. Memphis Zoo and Overton Park round out a location that delivers both convenience and lifestyle. Conventional financing or cash. Priced for opportunity. All data (incl sq ft) taken from prev MLS, Tax Records or current deed. Property offered as-is w/all faults; no post-closing repairs or payments will be made for any reason. Purchaser must execute a copy of client's required Addenda. Buyer agrees to verify all information independently. Insurability is subject to FHA appraisal

760 Garland St, Memphis

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Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .