304 S Gay St

Knoxville, TN
$ 4,700,000 Beds 5 Baths 4.5 Sq 11,921
Monthly Estimate* How much can I afford?

Presenting Friedman's Loft, a short-term rental opportunity spanning more than 11,000 square feet in the heart of Downtown Knoxville. Located at 304 S Gay Street, this property combines historic character with modern finishes and expansive spaces designed for entertaining. The residence features five bedrooms, four-and-a-half bathrooms, multiple living and dining areas, a full kitchen, private elevator access, rooftop access, a spa room with sauna, and a two-car garage. A standout feature is the private speakeasy built within the building's original vault, complemented by a full bar, poker table, and historic details throughout. The lower level also includes a second kitchen, pool table, shuffleboard, and additional lounge space. All furnishings and decor convey with the sale, providing a turnkey short-term rental opportunity. With its iconic Gay Street location, exceptional scale, and distinctive amenities, Friedman's Loft offers a rare rental experience in the center of Downtown Knoxville. The commercial condo within the building may be purchased along with the loft.

Active

  • Price
  • $ 4,700,000
  • City
  • Knoxville
  • Bedrooms
  • 5
  • Full Bathrooms
  • 4
  • County
  • Knox
  • Half Bathrooms
  • 1
  • Area
  • Knox County
  • Lot Size
  • 0.08 Acres
  • Zip
  • 37902
  • Sqr Footage
  • 11,921
  • Year Built
  • 1946
  • Taxes
  • $ 21710
  • Style
  • Other
  • MLS#
  • 1356454
Listed By: PWA Properties
Data Source: Knoxville MLS (KAAR)

Features

General

Sewer Public Sewer
Heating Central,Electric
Cooling Central Cooling
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
Garage Spaces 2
Architectural Style Other
Security Features Smoke Detector
Construction Materials Brick
Year Built 1946
View City
Property Subtype Single Family Residence
County Knox County - 1
Property Type Single Family
Subdivision Name See P002
Total Rooms 25
Full Baths 4
Status Active
Directions From James White Pkwy, follow signs for Downtown Knoxville/Cumberland Ave. Take the exit toward East Hill Ave. Turn right onto Hill Ave SE, then turn left onto Gay Street. Property is located on the right, just past the intersection of Gay St and Union Ave, in the heart of Downtown Knoxville.
City Knoxville
MLS Area Knox County - 1
Lot Size Units Acres
Lot Size Square Feet 3615
Property Attached Y/N true
MLS Area Minor Knox County - 1
Structure Type 3 Story
Standard Status Active
New Financing Cash true
New Financing Coventional true
New Financing New Loan true

Interior Features

Interior Amenities Kitchen Island
Basement Finished
Flooring Hardwood,Tile
Fireplace Features None
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Total Bedrooms 5
Total Baths 5

Exterior Features

Lot Features Other
Water Source Public
Lot Size Area 0.08
Building Area Total 11921
Lot Dimensions 25M X 135 X IRR
Lot Size Acres 0.08
Lot Size Source Tax Records

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Knoxville, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/23/2026 Listed $4,700,000

Property vs Zip Code Average in 37902

Price
AVG $2.64M
$4.7M
Taxes
AVG $12,083
$21,710
Year Built
AVG 1923
1946

304 S Gay St Knoxville, TN is a Single Family Home for sale at $4700000 with 11921 sqft and a lot size of 0.08 Acres Acre(s). 304 S Gay St Knoxville has 5 bedrooms, 4 baths and was built in 1946. The property's zip code is 37902 which is in Knoxville, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site 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.