516 & 537 Proffitt Rd & Johnson Lane
Gatlinburg, TN, 37738 $ 4,100,000
Bedrooms12 Baths8.0 Monthly Estimate*
$ 25,888
for $4,100,000 with 12 bedrooms and 8 full baths. This townhouse was built in 2007 on a lot size of 0.01.
Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln Townhomes 1 & 2, and 541 Johnson Ln Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.
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FeaturesInteriorInterior Amenities Ceiling Fan(s)
Flooring Luxury Vinyl
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Insulated Windows
Fireplace Y/N N
Above Grade Finished Area 10850.0
Half Baths 0
Laundry Features In Unit Inside Laundry Closet
Total Bedrooms 12
Below Grade Finished Area 0.0
Total Baths 8
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GeneralSewer Public Sewer
Heating Central
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Appliances Dishwasher Dryer Electric Range Microwave Refrigerator Washer Washer/Dryer Stacked
Patio/Porch Features Rear Porch
Construction Materials Frame Wood Siding
Year Built 2007
View Mountain(s) Trees/Woods
Levels Two
Property Subtype Townhouse
Tax Year 2025
Parcel Number 117E H 00501 000
County Sevier
Property Type Residential Income
HOA N
Full Baths 8
Status Active
Directions From downtown Gatlinburg take 321 towards Cosby for approximately 3.9 miles. Turn left on Proffitt Rd. Turn right on Johnson Ln. and follow to unit on left.
City Gatlinburg
Senior Community Y/N N
Number Of Units Total 7
Lot Size Units Acres
Lot Size Square Feet 435.6
Carport Y/N N
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 924.24
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Structure Type Townhouse
Standard Status Active
Occupancy Type Call Agent
New Construction None
Unit 1-7
Water Body Access Y/N None
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ExteriorLot Features Views Wooded
Water Source Public
Lot Size Area 0.01
Number of Buildings 4
Spa N
Lot Size Acres 0.01
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByKeller Williams RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $25,888
- Monthly Property Taxes
- $77
- 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 NearbyTownhouse listings in Gatlinburg, TN
Average List Price $1,072,211
Percent of Sale Price 74%
About Gatlinburg, TN 4,111 Population
22% Since 2002
$ 38,723 Median Income
45.09 Median Age
13% Households with Children
Trends Information provided by ATTOM Data Solutions.
2484365 Elementary School
2484217 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/3/2026 | $4,100,000 | | Listed Price |