55515611 River Road Decatur, TN $ 600,000
55515611 River Road
$ 600,000
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55515611 River Road

Decatur, TN, 37322
$ 600,000
Baths0.0 Sq 5,905

Monthly Estimate*

$ 3,788

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Studio

Multi-Family Home for sale in Decatur, TN

for $600,000. 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

Property Type

Multi-Family

Taxes

$ 1,845

Style

Year Built

1977

Town/City

Decatur

County/Region

Meigs

MLS | Web ID

3281095

Features
General
Living Area 5905
Sewer Septic Tank
Heating Central
Cooling Central Air Wall/Window Unit(s)
Utilities Water Available
Possession Close Of Escrow
Roof Shingle
Construction Materials Vinyl Siding
Year Built 1977
Stories Count 1
Levels One
County Meigs County TN
New Construction N
Property Type Residential Income
Attached Garage N
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 10
Lot Size Units Acres
Elementary School Meigs North Elementary
Year Built Details Existing
Tax Annual Amount 1845
Middle/Junior High School Meigs Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Flooring Carpet Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 5905
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Agent Measured
Above Grade Finished Area Source Agent Measured
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Driveway Gravel
Water Source Public
Total Parking 0
Building Area Total 5905
Waterfront Y/N N
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Internal Only
Street Number 1 55515611
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* Excluded Features
List By
East Tennessee Properties Llc

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
4319299 Elementary School
4313766 Middle School
Meigs County High School High School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$600,000 Listed Price

Map


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55515611 River Road, Decatur, TN, 37322 is a Multi-Family Home for sale at $600,000 with 5,905 sqft. 55515611 River Road is a studio with 0.0 baths and was built in 1977. The property's zip code is 37322 which is in Decatur, TN