116 S Gay St, Knoxville, TN 37902

$430,000
  • 116 S Gay St, Knoxville, TN 37902 Main Photo

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BEDS1 BATHS1 full SQUARE FEET620 MLS#1358295
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONSterchi Lofts Condos Unit 108

Property Description

TURNKEY SHORT-TERM RENTAL OPPORTUNITY IN THE HEART OF DOWNTOWN KNOXVILLE! Located in the historic Sterchi Lofts building, this fully furnished, loft-style condominium offers an exceptional opportunity to own a piece of downtown Knoxville while enjoying the flexibility of a personal retreat or investment property.Currently operated as a short-term rental, this property is being offered completely furnished and ready to go, providing an attractive opportunity for buyers looking to enter Knoxville's downtown vacation rental market without the hassle of furnishing and setting up a property from scratch. A loft style area was added to increase the sleeping capacity of the unit. Inside, you'll find an inviting open-concept loft with oversized windows that fill the space with natural light, comfortable living and sleeping areas, a fully equipped kitchen, and the convenience of an in-unit washer and dryer. The stylish furnishings and thoughtful layout create a welcoming atmosphere for guests visiting Knoxville for weekend getaways, University of Tennessee events, concerts, business trips, and downtown entertainment.Step outside and experience some of the very best that Knoxville has to offer. Situated in the vibrant Arts District and just steps from the Old City, this property places restaurants, coffee shops, breweries, galleries, and nightlife practically at your doorstep. Market Square and Gay Street are just a short stroll away, offering an incredible selection of dining, shopping, entertainment, and year-round events. Enjoy convenient access to the Tennessee Theatre, Bijou Theatre, World's Fair Park, the University of Tennessee, and Knoxville's exciting downtown attractions, including Covenant Health Park.For investors, the combination of a highly walkable downtown location, established short-term rental use, and a completely furnished interior makes this a compelling opportunity. For those seeking a second home or downtown getaway, enjoy the convenience of having your own place in the center of Knoxville's thriving urban scene.Whether you're looking to expand your investment portfolio or enjoy downtown Knoxville living, this Sterchi Lofts condominium offers location, character, convenience, and flexibility in one exceptional package.Buyers to verify Sq ft, HOA, and Taxes

116 S Gay St | MLS# 1358295

This condo located at 116 S Gay St, Knoxville, TN 37902 is currently listed for sale with an asking price of $430,000. This property was built in 1920 and has 1 bedrooms and 1 full baths with 620 sq. ft. S Gay St is located in the Sterchi Lofts Condos Unit 108 subdivision. Search Sterchi Lofts Condos Unit 108 real estate on ncate.franklinrealty.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Central Cooling
Fireplaces: 1
Fuel Type: Electric
Heating: Central, Electric
Home Style: Historic
Lot Size: 0.01 Acres
Year Built: 1920

Amenities

Elevator
Eat-in Kitchen

Feature Descriptions

Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Association/Condo Fee: 151/Monthly
Association Amenities: Elevator
Community Features: Sidewalks
Days on Site: 26
Exterior: Steel, Stone, Brick, Other
Flooring: Other
HOA Y/N: Yes
Lot: Other
Parcel #: 094EG04300T
Parking: On-Street Parking, Off-Street Parking, Other
Security Features: Smoke Detector
Sewer: Public Sewer
Special View Info: City
SQFT Total: 620
View: City
Water: Public

Listed By / Shown By

Listed By

Agency Name: Terminus Real Estate, Inc.

Shown By

Agent Name: Nathan Cate
Agent Phone: (865) 660-7191
Agency Title: Franklin Realty Inc.

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Estimated Payment

$ 2,761.77 per month $2,636.36 Principal & Interest $0.00 Property Tax (data not provided by mls) $125.42 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/04/2026. The listing information on this page last changed on 11/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 11/04/2026 12:00:00 AM EST) or East Tennessee REALTORS (last updated Tue 11/03/2026 11:54:47 PM EST) or RealTracs (last updated Tue 11/03/2026 11:55:39 PM EST) or Lakeway MLS (last updated Tue 11/03/2026 11:51:55 PM EST). Real estate listings held by brokerage firms other than Franklin Realty Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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