$1,625,000
Maryville, TN 37801
MLS# 1317046
Status: Closed
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Property Description
SVN | Wood Properties is proud to present Villa Court Apartments, an 18-unit apartment community located in Maryville, TN. Situated in a desirable residential area, the property offers well-maintained, comfortable living spaces with convenient access to local amenities, employment centers, and the scenic beauty of the Smoky Mountains. Sixteen of the eighteen units feature well-maintained but legacy finishes, offering investors stable cash flow today with clear potential for value-add upgrades. Current rents trail market by approximately $200 per unit, providing immediate upside through interior improvements and management efficiencies. This C-class property, located in a B-class area, is primed for continued rent growth and long-term appreciation. Maryville, Tennessee, offers a stable residential market supported by a strong and diverse employment base. The city benefits from its proximity to Knoxville while maintaining its own economic drivers, including major employers in manufacturing, healthcare, and education. This combination of steady job growth and accessible housing options contributes to consistent demand across the local housing market.
Details
Location, Tax & Legal Info
Area: Blount County - 28
City/County Code: County
Total Tax: 4506.06
Contract Info
Auction Y/N: No
Listing Price: 1900000
Current Price: $1,625,000
Status: Closed
Listing Date: 2025-10-13
General Property Description
Lot Dimensions: 120 × 180
Utilities/Mo Avg: 14400
Property Status: N/A
Driveway: Concrete
Number of Units: 18
Year Built: 1989
Remarks & Misc
Directions: Follow US-129 S to Alcoa. Take the exit toward Middlesettlements Road/Bessemer St from US-129 S.
Public Remarks: SVN | Wood Properties is proud to present Villa Court Apartments, an 18-unit apartment community located in Maryville, TN. Situated in a desirable residential area, the property offers well-maintained, comfortable living spaces with convenient access to local amenities, employment centers, and the scenic beauty of the Smoky Mountains.
Sixteen of the eighteen units feature well-maintained but legacy finishes, offering investors stable cash flow today with clear potential for value-add upgrades. Current rents trail market by approximately $200 per unit, providing immediate upside through interior improvements and management efficiencies. This C-class property, located in a B-class area, is primed for continued rent growth and long-term appreciation.
Maryville, Tennessee, offers a stable residential market supported by a strong and diverse employment base. The city benefits from its proximity to Knoxville while maintaining its own economic drivers, including major employers in manufacturing, healthcare, and education. This combination of steady job growth and accessible housing options contributes to consistent demand across the local housing market.
Property Sub-Type
Apartment: 1
Construction
Other: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
3 or more Bdrm Units: 1
Sale Includes
Building and Land: 1
Cooling
Other: 1
Floors
Vinyl: 1
Garage/Parking
On Premise Parking: 1
Fuel
Other Fuel: 1
Heat
Other: 1
Other Rooms
Other: 1
Roof
Metal: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
Street Name: 112 Villa Court
State/Province: TN
Zip Code: 37801
PIN #: 046J A 016.17
Geo Lat: 35.768674
Geo Lon: -84.00452
Status Change Info
Status Change Date: 2026-02-16
Under Contract Date: 2025-12-05
Sold Date: 2026-02-06
Sold Price: $1,625,000
Property Features
Property Sub-Type: Apartment
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units
Sale Includes: Building and Land
Floors: Vinyl
Fuel: Other Fuel
Heat: Other
Cooling: Other
Construction: Other
Roof: Metal
Other Rooms: Other
New Financing: Cash; Conventional; New Loan
Showing: See Agent Instructns
IDX
Listing Office: SVN I Wood Properties
Office Phone: 865-936-9999
Last Updated: February - 19 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.