355359 County Road 475
Etowah, TN, 37331 $ 1,500,000
Baths0.0 Sq 12,796 Monthly Estimate*
$ 9,471
Studio for $1,500,000. This 12,796 square foot home was built in 1995.
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.
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FeaturesGeneralLiving Area 12796
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Roof Metal
Garage Spaces 2
Construction Materials Brick Vinyl Siding
Year Built 1995
View Mountain(s) Trees/Woods Water
Stories Count 1
Levels One
County McMinn County TN
New Construction N
Property Type Residential Income
Attached Garage N
Garage Y/N Y
Status Active
Buyer Financing Conventional FHA Other
Directions From the Athens Office - 521 Congress Parkway S (US-11) Head southwest on Congress Parkway S/US-11 for about 1 mile. Turn right onto TN30 W (Decatur Pike) toward Etowah. Continue on TN-30 W f
High School Central High School
City Etowah
Senior Community Y/N N
Number Of Units Total 9
Lot Size Units Acres
Elementary School Mountain View Elementary
Year Built Details Existing
Tax Annual Amount 4468
Middle/Junior High School Etowah Elementary
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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InteriorFlooring Laminate Wood Tile
Air Conditioning Y/N Y
Heating Y/N Y
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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ExteriorParking Features Concrete Paved
Water Source Public
Total Parking 2
Building Area Total 12796
Waterfront Y/N N
Covered Spaces 2
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* Excluded FeaturesList ByEast Tennessee Properties LlcBroker
etp.barbara@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,471
- Monthly Property Taxes
- $372
- 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.
Learn more about how to save NearbyMulti-family listings in Etowah, TN
Average List Price $727,414
Percent of Sale Price 52%
About Etowah, TN 3,582 Population
-2% Since 2002
$ 39,637 Median Income
43.61 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
5160426 Elementary School
5442825 Middle School
Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/25/2026 | $1,500,000 | | Listed Price |