Rare South Knoxville opportunity featuring three separate living quarters totaling 3,056 SF on 0.33 acres--ideal for investors, rental income potential, or multi-generational living. The main residence features hardwood and tile flooring, two bedrooms, one full bath with heated floors, plus a second bathroom that has been plumbed and is ready for completion. The galley-style kitchen includes a range, refrigerator, and dishwasher, and the home also offers a spacious laundry area with washer and dryer. Sliding glass doors open to a Trex deck, while the covered front porch and outdoor stone patio add charm and additional spaces to relax or entertain. The lower level includes two private apartment-style units, each with its own separate entrance. The first unit offers one bedroom, one full bath, a walk-in closet, newer windows, LVP flooring, and a kitchen with refrigerator and range. The second unit features one bedroom, one-and-a-half baths, a walk-in closet, newer windows, LVP flooring, and a kitchen with refrigerator and range. A shared laundry area with washer and dryer is available for the lower-level units. Lower-level units currently do not have HVAC but offer an ideal setup for mini-split systems. A quote is attached to add mini split's to both unit for $8,200.00. With multiple living spaces, strong rental potential, and room for added value, this property offers exceptional flexibility in a highly desirable South Knoxville location just minutes from UT, UT Medical Center, Ijams Nature Center, downtown Knoxville, and Pigeon Forge.