Tellurite glasses modified with V2O5, Fe2O3, and Na2O (TVFN), along with Sm3+-doped Gd2O3 and Sb2O3 based tellurite (TVGSNSm) glasses evaluated for various properties. The thermal stability of these glasses, with a critical value of 105 °C advantageous to luminescence. Fourier transform infrared and micro-Raman bands were identified at 669, 745, 859, 943, and 1003 cm−1 in the deconvolution. Electron spin resonance revealed a signal at a magnetic field of 340.75 mT (g = 1.77). The magnetic hysteresis of TVFN glasses from a vibrating sample magnetometer which possess coercivity 62 mT and remanence 1.5х10−2 Am2/kg with a saturation magnetization 0.1975 A m2/kg and magnetic susceptibility as high as 0.1328. The magnetic nature confirmed by superconducting quantum interference device. Photoluminescence of Sm3+-doped TVGSNSm glasses excited by 408 nm showed 646 nm (red-orange) dominated emission band over the 603 nm band. These findings underscore the potential of TVFN glasses for applications in magneto-optical devices.