This beautifully renovated duplex offers incredible potential and is ideally located for many different rental opportunities. This property is a must-see for investors or those looking for a prime real estate opportunity.
Property qualifies for Type 1 Short Term Rental Permit through the City of Knoxville if the other unit is owner occupied! Property has been an extremely successful Airbnb with almost 500 reviews and 42k of gross rental income in 2024 for one unit alone!!! One unit could cover your entire mortgage and more...
The property features two units:
A spacious 3-bedroom, 1-bathroom unit
A charming 1-bedroom, 1-bathroom unit
Seller is selling fully furnished!
******Easy potential for Tri-plex!! Unfinished unit on the end ready to be converted into a studio unit, adding even more value to this already fantastic property*****
Both units offer open floor plans, ensuring a bright, airy, and inviting atmosphere. The spacious living rooms and bedrooms provide ample space, while the renovated bathrooms offer modern finishes.
The front porch is truly one of a kind, perfect for relaxing or enjoying the great outdoors. Both units have separate entrances, adding privacy and convenience. With ample closet space in each unit, storage is never an issue.
This all one-level duplex offers a low-maintenance lifestyle. Whether you're looking for an investment or a multi-generational living space, this property in an ideal location is sure to impress! Don't miss out on this incredible opportunity!
Sold for $389,900 on 06/30/25
$389,900
5021 Schubert Rd, Knoxville, TN 37912
4beds
2baths
1,908sqft
Multi Family
Built in 1950
-- sqft lot
$391,300 Zestimate®
$204/sqft
$1,410 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 06:55am
Listed by:
Corey Belden 865-255-3994,
Realty Executives Associates
Bought with:
Annie Perry, 372503
Knoxville Real Estate Professionals, Inc.
Source: East Tennessee Realtors,MLS#: 1296891

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central, Natural Gas, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Kitchen Island, Pantry
- Flooring: Carpet, Vinyl, Tile
- Windows: ENERGY STAR Qualified Windows
Interior area
- Total structure area: 1,908
- Total interior livable area: 1,908 sqft
Property
Parking
- Parking features: Off Street
Lot
- Dimensions: 257 x 261 x IRR
Details
- Parcel number: 068NE034
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cedar, Block, Frame
Condition
- Year built: 1950
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Knoxville
- Subdivision: Fred R Wallace Add
Other
Other facts
- Listing terms: VA Loan,FHA,Cash,Conventional