5551 River Road Decatur, TN $ 495,000
5551 River Road
$ 495,000
Share Save

5551 River Road

Decatur, TN, 37322
$ 495,000
Bedrooms8 Baths4.0 Sq 4,816

Monthly Estimate*

$ 3,419

5551 River Road, Decatur, TN 37322 - Image 1
5551 River Road, Decatur, TN 37322 - Image 2
5551 River Road, Decatur, TN 37322 - Image 3
5551 River Road, Decatur, TN 37322 - Image 4
5551 River Road, Decatur, TN 37322 - Image 5
5551 River Road, Decatur, TN 37322 - Image 6
5551 River Road, Decatur, TN 37322 - Image 7
5551 River Road, Decatur, TN 37322 - Image 8
5551 River Road, Decatur, TN 37322 - Image 9
5551 River Road, Decatur, TN 37322 - Image 10
5551 River Road, Decatur, TN 37322 - Image 11

Multi-Family Home for sale in Decatur, TN

for $495,000 with 8 bedrooms and 4 full baths. This 4,816 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 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home 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. Buyer to verify all pertinent information.

See more

Multi-Family Active

Price

$ 495,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,575

Style

Multi Family

Year Built

1977

Town/City

Decatur

County/Region

Meigs

MLS | Web ID

3281095

Features
General
Living Area 4816
Sewer Septic Tank
Heating Other
Cooling Wall/Window Unit(s)
Utilities Water Available
Possession Close Of Escrow
Roof Metal
Zoning commercial
Garage Spaces 0
Construction Materials Vinyl Siding
Year Built 1977
Tenant Pays Cable TV
Stories Count 1
Levels One
Gross Income 62400
County Meigs County TN
Net Operating Income 62400
Operating Expense 0
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name no
Garage Y/N N
Rent Includes Electricity Water
Status Active
Buyer Financing Conventional Other
Directions From decatur take river road north to property on the left.
High School Meigs County High School
City Decatur
Senior Community Y/N N
Number Of Units Total 9
Lot Size Units Acres
Elementary School Meigs North Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 1575
Middle/Junior High School Meigs Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 2200
See more
Interior
Flooring Carpet Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 4816
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
See more
Exterior
Parking Features Driveway Gravel
Water Source Public
Total Parking 0
Inclusions Appliances No Furnishing
Building Area Total 4816
Lot Dimensions 2.4 acres
Waterfront Y/N N
Covered Spaces 0
See more
Internal Only
Street Number 1 5551
See more
* Excluded Features
List By
East Tennessee Properties Llc

Broker

waldentenmile@gmail.com

Email

Affordability Calculator

$3,550
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,419
Monthly Property Taxes
$131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4319299 Elementary School
4313766 Middle School
Meigs County High School High School
Pricing History
DatePricePrice ChangeDescription
9/19/2026$495,000 -17.50% Price Down
7/15/2026$600,000 Listed Price

Map


See all

5551 River Road, Decatur, TN, 37322 is a Multi-Family Home for sale at $495,000 with 4,816 sqft. 5551 River Road has 8 bedrooms, 4.0 baths, and was built in 1977. The property's zip code is 37322 which is in Decatur, TN