SVN | Wood Properties is proud to present 412 Watauga Drive is a prime 9 unit North Knoxville property in Fountain City, combining a quiet neighborhood with quick access to downtown and major routes. Units are renter-ready, currently earning an average rent of $1,057/unit per-month with a market average rent of $1,245, offering immediate cash flow and upside. The property features an additional unrented 3-bedroom, 2-bathroom unit with a connected garage. Full renovation of this unit represents an opportunity to significantly enhance NOI and cash flow performance. Current ownership has redone all water and sewer lines leaving this property in great condition with very little capex needed. With its location, strong performance, and growth potential, 412 Watauga Drive is a sharp investment for savvy buyers looking to capitalize on Knoxville's rental market. This property is part of a 129 Unit portfolio that can be purchased together.

Based on information submitted to East Tennessee Realtors as of June 4, 2026 4:26 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 412 Watagua Drive

Map Location

Fountain City

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Listing Tools

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Property Details of 412 Watagua Drive

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Fountain City