UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 17,662 sqft
Price per Sqft $283
MLS Listing ID 3624123
Bedrooms 36
Full Baths 36
Half Baths 12
HOA Fees $4,200/mo
HOA Y/N Yes
Year Built 2026
Annual Tax Amount $175
Lot Size 0.850 Acres
Acres 0.85
Lot Dimensions 220 M X 208.16 IRR
Property Sub-Type Townhouse
Property Description
An incredible opportunity to purchase an ENTIRE 12-UNIT TOWNHOME COMPLEX in Gatlinburg's highly desirable Arts & Crafts District, just 5 miles from Downtown Gatlinburg! Currently under construction with anticipated completion before the end of 2026, this investment offers substantial income potential, city utilities, and low-maintenance ownership.
TWO INCOME STRATEGIES!
- Short-Term Rentals: $600,000+ in projected annual gross revenue.
- Long-Term Residential Rentals: Approximately $220,000 in projected annual gross revenue.
Each of the 12 townhomes features 3 bedrooms, 3.5 bathrooms, an open-concept kitchen and living area with a centered fireplace, main-level laundry, and a convenient half bath. Upstairs, all three bedrooms offer private full bathrooms, creating an ideal layout for vacation guests or long-term tenants.
LOCATION & CONVENIENCE! Easy, flat city-maintained roads with no steep mountain drives, front-door parking, attractive stone exterior accents, and convenient access to Gatlinburg's attractions, shopping, and dining. HOA includes water, sewer, and trash, simplifying ownership and management.
Zoned R-2, offering flexibility for short-term rentals, long-term rentals, or a combination of both.
12 UNITS | 36 BEDROOMS | 42 TOTAL BATHROOMS | 5 MILES TO DOWNTOWN GATLINBURG
A rare opportunity to acquire an entire new-construction complex with multiple income strategies in one of East Tennessee's most popular vacation destinations. BUILD YOUR PORTFOLIO AND LET YOUR MONEY WORK FOR YOU!
Rental projections are estimates of potential gross revenue and are not guaranteed.
Location
State TN
County Sevier County
Rooms
Main Level Bedrooms 36
Interior
Interior Features Ceiling Fan(s), Kitchen Island
Heating Heat Pump
Cooling Other
Flooring Luxury Vinyl
Fireplace N
Appliance Dishwasher, Electric Range, Microwave, Refrigerator
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Shingle
Private Pool false
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
Structure Type Block,Frame,Stone
New Construction true
Others
HOA Fee Include Maintenance Grounds,Sewer,Water
Senior Community false
Special Listing Condition Standard
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