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    Sevierville Multifamily Investment Opportunity
    Updated: Jul 14, 2025
    Sevierville Multifamily Investment Opportunity

    721 W Casey Drive, Sevierville, TN 37862

    $1,625,000
    7,776 sqft
    Mountain Mist Apartments: fully leased, 10‑unit apartment complex with 100% occupancy and strong rental history
    All 10 units are 2 bedrooms and 1 full bathroom, with washer/dryer connections in every unit
    Some units feature remodeled kitchens with included refrigerator, self‑cleaning oven, range, and updated cabinets and countertops
    Recent updates within the last 5 years include plank flooring, interior paint, new outlets/switches, HVAC systems, and modern light fixtures
    Insulated vinyl windows installed in 2022; roof with asphalt shingle
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    This listing looks promising.

    Here's a quick look at some key insights for

    721 W Casey Drive, Sevierville, TN 37862

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    • Est. Cap Rate

      3.6%
      NOI ÷ price

    • Est. NOI

      $58K
      Annual

    • Price @ 7% Cap

      $825K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1990
    View Property Analytics
    11-Unit Furnished Rental Portfolio
    Updated: Apr 6
    11-Unit Furnished Rental Portfolio

    124 Roaring Fork Rd, Gatlinburg, TN 37738

    $2,685,000
    3,934 sqft 1.12 AC lot
    11‑unit furnished income‑producing portfolio on 1+ acres in Gatlinburg
    More than $335k gross revenue generated last year (see associated docs for gross rental numbers)
    Includes cottages and suites; Cottages 1 & 2 have kitchenette area and Cottages 3‑8 have space to build out kitchenette areas
    AT&T Fiber internet and Smart TV’s included across the units
    No HOA; off‑street parking with porches
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    Six-Unit Townhome Apartment Community
    Six-Unit Townhome Apartment Community

    3729 Plaza Way, Pigeon Forge, TN 37863

    $1,800,000
    7,648 sqft 5.72 AC lot

    Six renovated two-bedroom townhomes with private balconies, in-unit washer/dryer, and fireplace; HOA amenities include clubhouse and indoor pool.

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    Turnkey Multifamily Portfolio with Furnished Units
    Turnkey Multifamily Portfolio with Furnished Units

    1432 William Holt Blvd, Sevierville, TN 37862

    $2,500,000

    Ten furnished townhomes—nine 2-bedroom and one 3-bedroom—generated $335,838 in gross revenue during 2025.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Dudley Creek Apartments For Sale
    Dudley Creek Apartments For Sale

    445-447 Dudley Creek Road, Gatlinburg, TN 37738

    $950,000
    5,022 sqft

    Six-unit multifamily property near Gatlinburg Parkway.

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    21-Unit Townhome Community
    21-Unit Townhome Community

    3729 Plaza Way, Pigeon Forge, TN 37863

    $5,999,999
    27,987 sqft 5.72 AC lot

    21-unit townhome community operating as short-term rentals, with unit amenities and shared outdoor and HOA recreation access.

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    Under-Construction 5-Plex Investment
    Under-Construction 5-Plex Investment

    120 County Garage Rd, Sevierville, TN 37876

    $1,150,000
    3,000 sqft

    Under construction 5-plex with five 2-bedroom, 1-bath units on commercially zoned land.

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    New Multifamily Community Development
    New Multifamily Community Development

    2222 Two Rivers Blvd, Sevierville, TN 37876

    $35,250,000

    Class A apartment community in Sevierville, Tennessee, with strong leasing momentum.

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    New Construction Cabin Retreat
    New Construction Cabin Retreat

    204-234 Braydens Way, Gatlinburg, TN 37738

    $2,391,000

    Newly built cabin community with eight 2-bed, 1-bath units and six remaining for group purchase.

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    Spacious Condo with Mountain Views
    Spacious Condo with Mountain Views

    1130 Ski View Drive, Gatlinburg, TN 37738

    $400,000

    Expansive 3-bedroom condo near downtown Gatlinburg with mountain views.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 10 Active listings in Sevier County, TN, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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    Off-Market Properties in Sevier County, TN

    Consider similar Off-Market properties in Sevier County, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    445 Dudley Creek Rd
    Multifamily properties

    445 Dudley Creek Rd, Gatlinburg, TN 37738

    Value Estimation by Request
    View details

    Sevier County, TN Apartment Buildings Market Trends and Statistics

    Explore 11 apartment buildings for sale in Sevier County, TN, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 55,367 square feet of properties for sale, with an estimated market value of $14,209,999.

    Sale prices for two-family homes in Sevier County, TN start at $950,000, averaging $2,368,333, and reaching up to $5,999,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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