Active
Multifamily
355/359 County Road 475
Etowah, TN 37331
Beds
25
Square Ft.
12,796
$1,500,000
Exceptional Multi-Family Investment Opportunity 24.25± Acres Multiple Income Streams Event Venue Potential Rare opportunity to own a one-of-a-kind income-producing property situated on approximately 24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining established rental income, event space, and room for… Read More future expansion, this versatile property offers endless possibilities for investors and entrepreneurs alike. The property includes two single-family homes, an income-producing triplex (built in 1992), and an income-producing quadplex (built in 1995). The quadplex also features a community laundry room and a spacious lower-level event hall suitable for private gatherings, meetings, receptions, or special events. Additional improvements include an outdoor pavilion, amphitheater, and a peaceful creek bordering the rear of the property. The scenic setting offers mature trees, open green space, mountain views, and a retreat-like atmosphere that enhances its appeal for both residents and guests. Existing improvements provide multiple income streams while offering opportunities for future development, subject to local zoning and applicable approvals. Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center, corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery, long-term rental investment, multi-generational living, or organizational housing. Conveniently located near some of East Tennessee's most sought-after outdoor destinations, including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee National Forest, the property is surrounded by year-round recreation including hiking, trout fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an attractive destination for visitors and tenants alike. Properties offering this combination of acreage, multiple residential buildings, established Exceptional Multi-Family Investment Opportunity 24.25± Acres Multiple Income Streams Event Venue Potential Rare opportunity to own a one-of-a-kind income-producing property situated on approximately 24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining established rental income, event space, and room for future expansion, this versatile property offers endless possibilities for investors and entrepreneurs alike. The property includes two single-family homes, an income-producing triplex (built in 1992), and an income-producing quadplex (built in 1995). The quadplex also features a community laundry room and a spacious lower-level event hall suitable for private gatherings, meetings, receptions, or special events. Additional improvements include an outdoor pavilion, amphitheater, and a peaceful creek bordering the rear of the property. The scenic setting offers mature trees, open green space, mountain views, and a retreat-like atmosphere that enhances its appeal for both residents and guests. Existing improvements provide multiple income streams while offering opportunities for future development, subject to local zoning and applicable approvals. Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center, corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery, long-term rental investment, multi-generational living, or organizational housing. Conveniently located near some of East Tennessee's most sought-after outdoor destinations, including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee National Forest, the property is surrounded by year-round recreation including hiking, trout fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an attractive destination for visitors and tenants alike. Properties offering this combination of acreage, multiple residential buildings, established rental income, event facilities, and natural beauty are rarely available. Whether you're expanding your investment portfolio, creating a hospitality destination, or seeking a unique property with multiple revenue opportunities, this exceptional offering is ready for its next chapter. Property Features Ï Approximately 24.25± acres (two parcels) Ï Two single-family homes Ï Income-producing triplex Ï Income-producing quadplex Ï Community laundry room Ï Lower-level event hall Ï Outdoor pavilion Ï Amphitheater Ï Creek along rear of property Ï Mountain setting Ï Multiple income streams Ï Expansion potential (subject to applicable approvals) Read Less
Courtesy of Ozzie Webb, East Tennessee Properties, LLC.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Beds
25
Square Ft.
12,796
Lot Size
24.25 Acres
Year Built
1995
MLS Number
1539429
30 Days Snapshot Of 37331
$70k
-68%
(avg) sold price
1
-50%
home sold
199
+452%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Finished
Building
Architectural style: "Ranch", "Other", Building area total: 12,796, Living area: 12,796, 2 stories, Built in 1995
Cooling
Central Air
Exterior Features
Balcony, Private Yard, Storage, Other
Floors
Ceramic Tile, Hardwood, Laminate
Heating
Central
Interior Features
See Remarks
Lot
Cleared, Gentle Sloping, Private, Rural, Views, 24.25 acres, Lot size area: 24, 1,056,330 square feet
Parking
Concrete, Driveway, Parking Lot
Sewer
Septic Tank
Taxes
Tax annual amount: $4,468
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available
Windows
Aluminum Frames, Vinyl Frames
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