637 Idlewood Lane, Knoxville, TN 37923

$2,199,000
  • 637 Idlewood Lane, Knoxville, TN 37923 Main Photo

53 Photos

New to the Market Active
BEDS0 BATHS SQUARE FEET9,228 MLS#1357794
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONIdlewood Subdivision

Property Description

Offered fully furnished and truly turnkey, 637-643 Idlewood Lane presents a rare opportunity to acquire an entire four-residence PUD property in West Knoxville with an established short-term rental operation already in place. Unlike a condominium project, the property consists of four separately deeded residences, each with ownership of its individual lot, providing flexibility for an investor to retain the entire portfolio or potentially sell the homes individually in the future.Together, the four residences provide approximately 9,228 square feet of finished living space, with each home offering approximately 2,307 square feet across three levels, three and a half baths, an attached one-car garage, and multiple outdoor living areas. The floor plans include a combination of bedroom and loft configurations, with dramatic 16-foot ceilings on the upper level, abundant natural light, and thoughtfully designed interiors. Distinctive Brazilian Cumaru hardwood siding gives the building a sophisticated architectural presence, while hardwood flooring extends throughout the main and upper levels and durable luxury vinyl plank flooring finishes the lower levels.The entire property is being offered fully furnished, including furniture, televisions, washers and dryers, kitchenware, linens, sheets, towels and housewares, subject only to the seller's stated exclusions. The result is a genuinely turnkey acquisition without the significant expense, furnishing or setup time typically associated with launching multiple furnished rentals.The property is currently operated within an established, professionally managed short-term rental program with a demonstrated operating history, strong guest demand and substantial forward bookings already on the calendar. The portfolio is managed by an Airbnb Superhost, and the residences have established guest recognition within the platform.The revenue history demonstrates strength across the entire portfolio rather than dependence on one unusually strong residence. In 2025, 637 and 639 each generated approximately $49,000-$53,000 in rental revenue according to seller accounting records. During 2026, 641 and 643 have shown particularly strong acceleration, with January-through-August revenue increasing approximately 35% year over year. This combination of established production and continued growth across multiple residences provides meaningful support for the portfolio's current revenue trajectory.The four residences generated approximately $211,241 in gross rental revenue during 2025. As of September 24, approximately $249,163 was already booked for 2026, including future reservations. Based on existing bookings, current operating performance and the remaining fall and holiday booking period, the portfolio is projected to generate approximately $275,000 in 2026 gross rental revenue -- approximately 30% growth over 2025.With four separately deeded homes, approximately 9,228 square feet of combined finished space, complete furnishings, professional management, established rental history and forward bookings already in place, 637-643 Idlewood offers a new owner the potential for both immediate enjoyment and immediate income.Located in highly regarded West Knoxville school zones and exceptionally convenient to shopping, dining, entertainment and everyday amenities, the property combines individual land ownership, garage parking, polished interiors, architectural character and a proven furnished-rental operation into a unique investment opportunity. Buyer to verify all

637 Idlewood Lane | MLS# 1357794

This multi-family property located at 637 Idlewood Lane, Knoxville, TN 37923 is currently listed for sale with an asking price of $2,199,000. Search Knoxville real estate on mhale.franklinrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Cooling, Ceiling Fan(s)
Fuel Type: Electric
Garage: 4 car attached
Heating: Heat Pump, Central, Electric
Lot Size: 0.29 Acres

Amenities

Walk-In Closet(s)
Cathedral Ceiling(s)
Pantry
Windows - Vinyl
Balcony

Feature Descriptions

Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Days on Site: 6
Exterior: Steel, Cement Siding, Block, Frame, Other
Flooring: Hardwood, Marble, Vinyl, Tile
Lot Dimensions: 83.5 x 151
Parcel #: 133HA03204
Parking: On-Street Parking, Off-Street Parking, Attached, Garage Door Opener
Security Features: Smoke Detector
SQFT Total: 9228
Units: 4

Listed By / Shown By

Listed By

Agency Name: Vision Properties Group, Inc.

Shown By

Agent Name: Melinda Hale
Agent Phone:
Agency Title: Franklin Realty Inc.

IDX logo

Estimate Your Payment

Estimated Payment

$ 14,123.58 per month $13,482.20 Principal & Interest $0.00 Property Tax (data not provided by mls) $641.38 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder