355/359 County Road 475 Etowah, TN $ 1,500,000
355/359 County Road 475
$ 1,500,000
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355/359 County Road 475

Etowah, TN, 37331
$ 1,500,000
Baths15.1 Sq 12,796

Monthly Estimate*

$ 9,471

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Studio

Multi-Family Home for sale in Etowah, TN

for $1,500,000 with 15 full baths, 1 half bath. 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. Properties offering this combination of acreage, multiple residential buildings, established 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. Properties offering this combination of acreage, multiple residential buildings, established rental income, event facilities, and natural beauty are rarely available. Whether you're expanding your investment portfolio, creating a hospitality destination, or seeking a unique property with multiple revenue opportunities, this exceptional offering is ready for its next chapter. Property Features Ï Approximately 24.25± acres (two parcels) Ï Two single-family homes Ï Income-producing triplex Ï Income-producing quadplex Ï Community laundry room Ï Lower-level event hall Ï Outdoor pavilion Ï Amphitheater Ï Creek along rear of property Ï Mountain setting Ï Multiple income streams Ï Expansion potential (subject to applicable approvals)

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

Studio

Full Bath

15

Half Bath

1

Property Type

Multi-Family

Taxes

$ 4,467

Style

Ranch, Other

Year Built

1995

Town/City

Etowah

County/Region

McMinn

MLS | Web ID

20263888

Features
General
Living Area 12796
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Water Available Phone Available Electricity Available
Possession Close Of Escrow
Roof Metal
Appliances None
Garage Spaces 2
Patio/Porch Features Covered Enclosed Front Porch Patio Porch Rear Porch Screened Terrace
Architectural Style Ranch Other
Construction Materials Brick Vinyl Siding
Year Built 1995
View Trees/Woods Mountain(s) Creek/Stream
Levels Two One
Property Subtype Mixed Use
Community Features None
County McMinn
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Garage Y/N true
Full Baths 15
Status Active
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 TN￾30 W (Decatur Pike) toward Etowah. Continue on TN-30 W for approximately 14 miles. As you approach Etowah turn left onto TN-310 (Mecca Pike). Follow Mecca Pike for about 2 miles. Turn left onto County Road 475. Continue on County Road 475 for roughly roughly half a mile the property will be on the left. Estimated travel time: 30-35 minutes
High School McMinn Central
City Etowah
Body of Water Tennessee Tellico Hiwassee
Number Of Units Total 9
Carport Y/N true
Listing Terms Cash Conventional FHA
Elementary School Mountain View
Tax Annual Amount 4467.68
Middle/Junior High School Etowah City
Property Condition Functional
Structure Type See Remarks Triplex Quadruplex Office Multi Family Mixed Use House
Standard Status Active
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Interior
Interior Amenities See Remarks Eat-in Kitchen
Basement Finished
Flooring Hardwood Laminate Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Vinyl Frames Aluminum Frames
Half Baths 1
Laundry Features Multiple Locations
Total Baths 0
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Exterior
Exterior Amenities Balcony
Parking Features Paved Parking Lot Concrete
Lot Features Rural Creek/Stream Wooded Sloped Secluded Pasture Level
Water Source Public
Foundation Details Block
Road Surface Type Paved
Waterfront Y/N true
Road Frontage Type County Road
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Barbara Ratledge

Listing Agent

East Tennessee Properties - Athens

Broker

etp.barbara@gmail.com

Email

Affordability Calculator

$9,843
Per Month
96%
4%
0%
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.
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Nearby
1937744 Elementary School
1937781 Middle School
McMinn Central High School High School
Pricing History
DatePricePrice ChangeDescription
7/24/2026$1,500,000 Listed Price

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355/359 County Road 475, Etowah, TN, 37331 is a Multi-Family Home for sale at $1,500,000 with 12,796 sqft. 355/359 County Road 475 is a studio with 15.1 baths and was built in 1995. The property's zip code is 37331 which is in Etowah, TN