5551, 5611 River Road Decatur, TN $ 600,000
5551, 5611 River Road
$ 600,000
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5551, 5611 River Road

Decatur, TN, 37322
$ 600,000
Baths12.0 Sq 5,905

Monthly Estimate*

$ 3,788

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Studio

Multi-Family Home for sale in Decatur, TN

for $600,000 with 12 full baths. This 5,905 square foot home was built in 1977.

Income-Producing Investment Opportunity! Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 10 rental units, including 8 cabins, 1 single-wide manufactured home, 1 double-wide manufactured home, and an additional lot located across the street, offering room for future expansion or development (buyer to verify intended use). The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, and a 3-bedroom, 2-bath double-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $6,000 in gross monthly rental income, totaling approximately $72,000 annually, with the cabins renting for $550 per month each and both manufactured homes renting for $800 per month. Situated along the river, this property offers direct access to excellent fishing and a peaceful natural setting that appeals to both long-term tenants and short-term vacation guests. Investors may choose to continue the current long-term rental operation or explore the potential for vacation rentals, Airbnb cabins, corporate housing, or other income-producing ventures, subject to local regulations and approvals. Whether you're looking to expand your investment portfolio or own a versatile riverside property with established income and future upside, this one-of-a-kind opportunity is not to be missed. Schedule your private showing today and discover the possibilities this exceptional property has to offer. Cabins are zoned commercial, double wide is zoned residential, and the extra lot is zoned residential. Buyer to verify all pertinent information.

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Multi-Family Active

Price

$ 600,000

Bedrooms

Studio

Full Bath

12

Property Type

Multi-Family

Taxes

$ 1,844

Style

Cabin, Manufactured/Mobile

Year Built

1977

Town/City

Decatur

County/Region

Meigs

MLS | Web ID

20263671

Features
General
Living Area 5905
Sewer Septic Tank
Heating Central
Cooling Central Air Window Unit(s)
Utilities Water Connected Electricity Connected
Possession Close Of Escrow Subject To Tenant Rights
Roof Metal Shingle
Appliances Electric Range Refrigerator
Patio/Porch Features None Front Porch
Architectural Style Cabin Manufactured/Mobile
Construction Materials Vinyl Siding
Year Built 1977
Levels One
Property Subtype Mixed Use
Community Features Fishing
County Meigs
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Garage Y/N false
Full Baths 12
Status Active
Directions From decatur take river road north to property on the left.
High School Meigs County
City Decatur
Number Of Units Total 10
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Meigs North
Tax Annual Amount 1844.77
Middle/Junior High School Meigs County
Property Condition Functional
Standard Status Active
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Interior
Interior Amenities Eat-in Kitchen
Basement Crawl Space None
Flooring Carpet Tile Vinyl
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Laundry Features Main Level
Total Baths 0
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Exterior
Parking Features Driveway Gravel
Lot Features Level Cleared
Water Source Public
Foundation Details Permanent Slab
Road Frontage Type State Road
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* Excluded Features
List By
Cali Walden

Listing Agent

East Tennessee Properties - Ten Mile

Broker

waldentenmile@gmail.com

Email

Affordability Calculator

$3,942
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,788
Monthly Property Taxes
$154
Monthly Home Insurance
--
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.
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Nearby
1937770 Elementary School
1937783 Middle School
Meigs County High School High School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$600,000 Listed Price

Map


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5551, 5611 River Road, Decatur, TN, 37322 is a Multi-Family Home for sale at $600,000 with 5,905 sqft. 5551, 5611 River Road is a studio with 12.0 baths and was built in 1977. The property's zip code is 37322 which is in Decatur, TN