Unique investment opportunity featuring three separate homes on one 16.5-acre parcel with excellent income and value-add potential. The main residence provides 3 bedrooms, 2 bathrooms, and a full basement, while the second home includes 2 bedrooms, 1 bathroom, a full basement, and a garage, and the third home features 2 bedrooms, 1 bathroom with a double-car garage—great for multi-generational living or multiple rental streams. The expansive acreage provides privacy, flexibility, and possible future development potential (buyer to verify). Conveniently located near shopping, dining, schools, healthcare, parks, and major road access, this property is well-suited for investors or owner-occupants seeking long-term upside and strong rental potential.
Active
$1,395,000
5302 Gray Rd, Knoxville, TN 37938
3beds
1,600sqft
Est.:
Single Family Residence, Residential
Built in 1988
16.5 Acres Lot
$-- Zestimate®
$872/sqft
$-- HOA
What's special
- 5 days |
- 237 |
- 6 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 08:04am
Listing Provided by:
Steve Koleno 804-656-5007,
Beycome Brokerage Realty, LLC 804-656-5007
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3066450
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Heating
- Other
Cooling
- Other
Appliances
- Included: Dryer
Features
- Ceiling Fan(s)
- Flooring: Other
- Basement: Full
Interior area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
- Finished area above ground: 1,600
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 2
Lot
- Size: 16.5 Acres
Details
- Additional structures: Storage
- Parcel number: 019 21301
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Other
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Greenbelt App A-2358
HOA
- Has HOA: No
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $872/sqft
- Tax assessed value: $429,700
- Annual tax amount: $1,669
- Date on market: 12/18/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Listed for sale | $1,395,000$872/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3066450 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,669 | $107,425 |
| 2023 | $1,669 | $107,425 |
| 2022 | $1,669 +19% | $107,425 +62.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,852/mo
Principal & interest
$6922
Home insurance
$488
Property taxes
$442
Climate risks
Neighborhood: 37938
Nearby schools
GreatSchools rating
- 6/10Halls Elementary SchoolGrades: PK-5Distance: 2 mi
- 4/10Halls Middle SchoolGrades: 6-8Distance: 2 mi
- 5/10Halls High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Halls Elementary
- Middle: Halls Middle School
- High: Halls High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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