Townsend, TN Apartment buildings for sale

Updated: Nov 21, 2025

Townsend Multifamily Investment Opportunity

7052 E Lamar Alexander Pkwy, Townsend, TN 37882

$1,375,000

8,940 sqft

Located just 8 minutes from the Great Smoky Mountains National Park entrance.
Turn‑key property with recent renovations including new kitchenettes, fixtures, and furniture.
Significant Capex improvements have been made.
Potential to operate as a motel in a market with limited competition.
Centrally located in Townsend, TN, near Pigeon Forge and Gatlinburg.

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This listing looks promising.

Here's a quick look at some key insights for

7052 E Lamar Alexander Pkwy, Townsend, TN 37882

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Est. Cap Rate

5.9%
NOI ÷ price
Est. NOI

$81K
Annual
Price @ 7% Cap

$1.15M
Suggested
Last Sold

Feb 2022
$955K
Property Type

Commercial (General)
Built 1950

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Townsend, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

6-Unit Short-Term Rental Townhome Building

3729 Plaza Way, Pigeon Forge, TN 37863

$1,800,000

7,648 sqft 5.72 AC lot

Six renovated two-bedroom townhomes in C4 zoning, each with washer/dryer, fireplace, and private balcony.

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Approved Development Site in Maryville

1802 Jett Rd, Maryville, TN 37804

$440,000

2.67 AC lot

Approved development site for 16 condos in Maryville, Tennessee.

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12-Unit Brick Townhouse Community

102 Asbury Way, Maryville, TN 37804

$2,500,000

12,804 sqft

12 all-brick townhome units with separate meters and front-door parking for each unit.

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Single-Level Two-Bedroom Duplex Condos

540 Henderson Rd, Pigeon Forge, TN 37863

Contact for pricing

40.00 AC lot

New construction features end-unit two-bedroom duplex condos with covered porches and a stone fireplace.

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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

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

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

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

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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Townsend, TN Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Townsend, TN on our real estate platform. These investment opportunities span a total of 8,940 square feet of properties for sale, with an estimated market value of $1,375,000.

Sale prices for two-family homes in Townsend, TN average $1,375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
37882	$1.4M

Neighborhood

Average Price

37882

$1.4M

Townsend, TN Apartment Buildings for Sale

7052 E Lamar Alexander Pkwy, Townsend, TN 37882