Multi-Family: MLS #313083 Gatlinburg, TN $ 4,100,000
Multi-Family: MLS #313083
$ 4,100,000
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Multi-Family: MLS #313083

Gatlinburg, TN
$ 4,100,000
Bedrooms21 Baths14.0 Sq 1,550

Monthly Estimate*

$ 25,888

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Multi-Family Home for sale in Gatlinburg, TN

for $4,100,000 with 21 bedrooms and 14 full baths. This 1,550 square foot home 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. Every unit renovated top to bottom in 2026. Every unit is fully furnished. 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 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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Multi-Family Active

Price

$ 4,100,000

Bedrooms

21

Full Bath

14

Property Type

Multi-Family

Taxes

$ 924

Style

Lot Size

0.01

Year Built

2007

Town/City

Gatlinburg

County/Region

Sevier

MLS | Web ID

313083

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Zoning R-2
Garage Spaces 0
Pool Features Hot Tub
Construction Materials Wood Siding
Year Built 2007
View Mountain(s) Seasonal Trees/Woods
Property Subtype Duplex
Tax Year 2025
Current Use Investment
County Sevier
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Subdivision Name None
Garage Y/N false
Full Baths 14
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.
High School GatlinburgPittman High
City Gatlinburg
Number Of Units Total 7
MLS Area Sevierville
Lot Size Units Acres
Lot Size Square Feet 435.6
Elementary School Pittman Center Elementary
Property Attached Y/N true
Tax Annual Amount 924.24
MLS Area Minor Sevierville
Standard Status Active
Tax Lot B-1
Occupancy Either
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Interior
Interior Amenities Additional Living Quarters Ceiling Fan(s)
Flooring Luxury Vinyl
Total Stories 2
Furnished Units All Units
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Window Features Insulated Windows
Fireplace Y/N false
Half Baths 0
Laundry Features In Unit Laundry Closet
Total Bedrooms 21
Total Baths 14
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Exterior
Parking Features Kitchen Level Off Street On Site Outside Parking Lot Paved
Lot Features Views Wooded
Water Source Public
Lot Size Area 0.01
Building Area Total 1550
Lot Size Acres 0.01
Lot Size Source Public Records
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* Excluded Features
List By
Keller Williams Realty - Knox Premier Prop

Broker

chrisball@kw.com

Email

Affordability Calculator

$25,965
Per Month
100%
0%
0%
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.
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Nearby
0 Elementary School
0 Middle School
GatlinburgPittman High High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$4,100,000 Listed Price

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