201 W 5Th Ave

The Lucerne is a historic 1930 low-rise condominium collection in Knoxville's Old City, comprised of converted-era flats and compact one-bedroom units. The masonry structure preserves early 20th-century details — exposed brick, cathedral-height ceilings in select units, original hardwood floors and large multi-pane windows — while many residences now include modern updates like eat-in kitchens, renovated baths and in-unit laundry hookups. Common exterior spaces center on a landscaped courtyard and patio with seating, gas grill and a communal firepit; private gated entries and a shared locked exterior door provide controlled access. On-site storage in the basement and available on-street/nearby parking serve residents. The building supports both full-time living and short-term rental operation under current HOA allowances, attracting students, professionals and investors. Located within easy walking distance of downtown restaurants, breweries, galleries and the forthcoming Tennessee Smokies stadium, the property sits two miles from the University of Tennessee and close to Emory Place and the Happy Holler district.