8 Units - Knoxville, TN

Knoxville continues to experience strong economic and population growth driven by the presence of the University of Tennessee, expanding healthcare systems, and a diverse employment base. The market has seen increasing demand for both workforce and market-rate housing, supported by rising rental rates, limited new supply, and continued investment throughout the region.PWA Properties is pleased to present 1903 Piney Grove Church Road, an 8-unit affordable housing community located in Knoxville, TN. The property consists of 8 studio-style units and offers investors stable, contract-backed income with a Housing Assistance Payments (HAP) contract in place. The property is managed by a professional third-party management company, with management structured in accordance with HAP regulations. With increasing housing demand, limited affordable inventory, and continued regional investment, the Knoxville market remains well-positioned for long-term multifamily performance and rent growth.