INVESTOR OPPORTUNITY!!! This vacant property is ready for a complete renovation and offers great potential for an investor looking for a flip or value-add project. Previously used as a rental and last occupied in July 2025. The home will require repairs and updating throughout. Renovate the existing structure, or explore the potential to tear down and build new on the approximately 0.34-acre lot. Bring your vision and take advantage of the possibilities this property has to offer. Property is being SOLD AS-IS in it's current condition. Buyer to verify any redevelopment, zoning and building possibilities. Property lines are approximate and not a survey. Owner has neighboring lot available for sale as well.
Single-familyProperty Type
1945Year Built
0.34 acresLot Size
$102Price/Sq.Ft.
Listed by Christina Davila• Zach Taylor-Chattanooga
Est. $1,508 per month, based on comparable rentals
Sale and tax history for 5500 Magazine Rd
Sale History
Tax History
Date
Event
Price
Knoxville MLS #1356438
Oct 12, 2026
Sold
$82,500
$102/sq ft
Sep 27, 2026
Pending
—
Sep 23, 2026
Listed
$99,000
$122/sq ft
REALTRACS #2941626
Jul 11, 2025
Sold
$101,500
$125/sq ft
+2
Knoxville MLS #1302694
Jul 11, 2025
Sold
$101,500
$125/sq ft
May 30, 2025
Pending
—
May 28, 2025
Listed
$86,900
$107/sq ft
+2
Opportunity awaits with this fixer-upper situated on over an acre of land, offering endless potential for renovation, expansion, or redevelopment. It's going to take some sweat equity and time but, well worth it. This home is Sold as Is. House is occupied.
Year
Property tax
Land + Additions
Assessment*
2025
$762
2024
$762
2023
$762
2022
$762 (+109.8%)
2021
$363
2020
$363
2019
$363
2018
$363
2017
$363 (−1.0%)
2016
$367 (−0.3%)
2015
$368
2014
$368
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
1
Lot width
188 ft.
Lot depth
265 ft.
Lot size
1.36 Acres
Year renovated
1980
Sq. Ft.
810
Year built
1945
Style
Single Family Residential
County
Knox County
APN
123KL003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 27, 2026.
RN-1
Single-Family Residential Neighborhood Zoning District
The RN-1 Single-Family Residential Neighborhood Zoning District is intended to accommodate traditional low density residential neighborhoods in the City of Knoxville, exhibiting a predominant development pattern of single-family homes on relatively large lots and with generous setbacks. Two-family dwellings may also be allowed by special use approval. Limited nonresidential uses that are compatible with the character of the district may also be permitted.
Permitted uses
Include but are not limited to:
Community / recreation center
Garden center
Housing-Group
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Educational / school
Housing-Mobile home park
Park & open space
Mar 26, 2009 • Final
Plumbing permit residential
Perform general maintenance and repairs.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage Information
Parking Features: Off-Street Parking
Interior
Bathroom Information
Bathrooms Full: 1
Bathrooms Total Integer: 1
Basement Information
Basement: Crawl Space
Interior Features
Rooms Total: 5
Flooring: Laminate, Hardwood
Exterior
Exterior Features
Construction Materials: Block, Frame
Property Information
Property Attached YN: No
Building Area Total: 810
Building Area Source: Tax Records
Lot Information
Lot Size Acres: 0.34
Lot Size Square Feet: 14,810.4
Lot Size Source: Owner
Financial
Tax Information
City Taxes: $762.33
County Taxes: $319.35
Total Tax: $762.33
Utilities
Heating & Cooling
Heating YN: Yes
Heating: Space Heater, Electric
Cooling YN: Yes
Cooling: Window Unit(s)
Utility Information
Sewer: Public Sewer
Location
Location Information
Directions: Chapman Hwy, take W. Martin Mill Pike, left on Magazine Rd. Property on your right.