711 & 719 Murray Drive

711 Murray Drive, Knoxville, TN 37912

Property Information

  • For Sale $550,000
  • Property Type Other
  • Property Size 3 SF
  • Date Updated Sep 6, 2026

Description

711 Murray Drive & 719 Murray Drive offer the opportunity to acquire eight units across two adjacent four-unit multifamily properties. The properties total approximately 6,689 square feet on 1.32 acres. Each property includes two 2BR/1BA and two 1BR/1BA units, for a combined unit mix of four 2BR/1BA and four 1BR/1BA residences.

711 Murray Drive is fully leased with long-term tenancy in place and includes on-site laundry with the opportunity to expand tenant use. Recent improvements include a new driveway, deck, concrete, gutters, shed, and flooring improvements.

The adjacent 719 Murray Drive offers immediate value-add potential. One unit is currently occupied under a one-year lease, while the remaining three units have been cleared and primed, allowing a new owner to complete interior finishes and bring the units back online. Recent improvements include a newer roof, upgraded electrical service boxes, new concrete, and gutters.

Together, the properties offer a combination of existing rental income at 711 Murray Drive and renovation and lease-up potential at 719 Murray Drive.


Property Highlights

  • $1,010,000 Asking Price
  • 6,689 SF multifamily building
  • 1.32 acres
  • 8 residential units
  • Unit mix: Four 2BR/1BA and four1BR/1BA units
  • 711 - Fully occupied with long-term tenancy in place; 719 - 1 unit has 1 year lease in place. 3 units - vacant and ready for finishes to be completed.
  • On-site laundry expansion for tenant use available in 711 building
  • Recent improvements include:
  1. New driveway
  2. New deck
  3. Concrete improvements
  4. New gutters
  5. Shed
  6. Flooring improvements
  • 711 Murray Drive available only with 719 Murray Drive



Contacts

Location

Located at 711 Murray Drive, Knoxville, TN 37912, this property is part of the Murray neighborhood and Knoxville market.

Contact 711 & 719 Murray Drive
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