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    117-135 Ridgeview Dr Elizabethton, TN 37643

    New
    For Sale
    $2,050,000

    MULTI_FAMILY - Other - Elizabethton, TN

    Property size:
    2,304 SF
    Lot size:
    4.71 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 11 at 11:06 pm

    Property Features for 117-135 Ridgeview Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Insulated Windows
    Zoning
    Commercial
    Rooms
    Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
    Bedrooms
    4
    APN
    028 007.06
    Patio and Porch features
    Deck
    Appliances
    Built-In Electric Oven, Microwave
    Size
    2,304 SF
    Lot size
    4.71 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2020
    Number of units
    10
    Building materials
    Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    REALTY EXECUTIVES JOHNSON CITY (423) 952-0226

    Listing agent Lauren Clemson (423) 202-0960 License #338564

    Listing date Dec 8, 2025

    MLS# 9986985 Listing URL

    Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elizabethton Multifamily Cabin Investment

    This investment opportunity features ten cabins situated against a mountainous backdrop. The first five cabins, each 576 square feet, are located on a 2.96-acre parcel and include one bedroom, one bathroom, and large decks with mountain views. These five cabins share a water meter, electrical meter, and septic tank. The second five cabins are on individual parcels and are larger, featuring 1600 square feet across two levels, with two bedrooms and two and a half bathrooms. These have individual septic tanks, electrical meters, and water meters. Two of these are currently leased, while the other three are incomplete. The current monthly gross income is $9350, excluding potential income from the three incomplete cabins. Located in Elizabethton, the property is near Watauga Lake, hiking trails, the Watauga River, and Roan Mountain, with proximity to North Carolina skiing areas. The property, totaling 4.71 acres, is zoned commercial and offers potential for both long-term and short-term rentals.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.191614
    Latitude
    36.377666

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    FAQs

    What type of property is this?
    Apartment building - Ten cabins in Elizabethton, TN with income potential.
    Where is this apartment building located?
    The property is located at 117-135 Ridgeview Dr Elizabethton, TN.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: - Ten cabins already producing income with potential for increased revenue, currently grossing $9350/month.; - Prime location near Watauga Lake, hiking trails, Watauga River, Roan Mountain, and NC skiing.; - Investment opportunity with a mix of cabin sizes and configurations, including five larger cabins at 1600 sq ft.
    (423) 202-0960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117-135 Ridgeview Dr Elizabethton, TN 37643
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