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Investment Highlights

  • 8 Units Total
  • Affordable Housing
  • All Studio Style Units
  • Located in the growing Knoxville market - near many retailers, employers, and amenities

Executive Summary

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.

Property Facts

Price $675,000
Price Per Unit $84,375
Sale Type Investment
No. Units 8
Property Type Multifamily
Apartment Style Garden
Lot Size 1.00 AC
Building Size 5,200 SF
Average Occupancy 100%
No. Stories 1
Year Built 1986
Zoning RN5
Parcel Number 106HA-00101

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 8 - -
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
  • Listing ID: 40632711

  • Date on Market: 5/22/2026

  • Last Updated:

  • Address: 1903 Piney Grove Church Rd, Knoxville, TN 37909

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