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11-Unit Short-Term Rental Portfolio
For Sale
$2,680,000

124 Roaring Fork Rd, Gatlinburg, TN 37738

MULTI_FAMILY - Gatlinburg, TN

Property Size3,934 SF
Lot Size1.12 Acres
Price / SF$681.24
Days on Market140

Property Features for 124 Roaring Fork Rd

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 11
Full bathrooms 11
Rooms Bathroom 6, Bathroom 10, Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 9, Bedroom 1, Bathroom 8, Bedroom 7, Bedroom 11, Bedroom 4, Bathroom 1, Bedroom 10, Bathroom 9, Bathroom 7, Bedroom 2, Bedroom 6, Bathroom 2, Bathroom 11, Bedroom 5, Bathroom 4, Bathroom 5
Parking features Off Street
Window features Drapes
Patio and Porch features Porch
Appliances Microwave, Refrigerator
Directions From Pigeon Forge: take 441 Parkway to Gatlinburg. Left at stop light #3 onto E. Parkway. Right on Roaring Fork Rd. Property on right.
Subdivision Sevier County - 27
Standard status Active
APN 126L D 01000 000
Size 3,934 SF
Lot size 1.12 Acres

Taxes and HOA fees

Tax Annual Amount 4282

Utilities

Heating system Electric (Heating)
Cooling system Wall Unit(s)

Amenities

AT&T Fiber internet
Smart TV's
kitchenette

Building Details

Year built 1954
Number of units 11
Flooring type Tile
Building materials Frame
Roof type Shingle
Listing Agency: Real Broker
Listed By: Holly Roach
Added: Apr 6 Changed: Aug 18 Last Checked: Aug 23 at 7:06AM
MLS# 1335553

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 11-unit short-term rental portfolio is set up for furnished guest stays and includes a mix of cottages and suites. The property features king and queen suites, with cottages 1 and 2 offering a kitchenette area. Cottages 3 through 8 include space to build out kitchenette areas. Guest-ready in-room amenities include AT&T Fiber internet and smart TVs, and the portfolio includes appliances such as a microwave and refrigerator. The property is built of frame construction with tile flooring, electric heating, wall unit cooling, and a shingle roof. Off-street parking and a porch are also included, and the property has no HOA.

Set on 1.12 acres, the portfolio is described as having easy drive in/out access. While the remarks note potential to add or rebuild units that were lost in the 2016 fires, that possibility is subject to City of Gatlinburg requirements.

The portfolio is positioned near a wide range of regional attractions, including GSMNP, Dollywood, Ripley’s Aquarium, Ober Mountain, Anakeesta, The Island in Pigeon Forge, Gatlinburg SkyPark, Forbidden Caverns, Foxfire Mountain Adventure Park, Titanic Museum Attraction, and Tanger Outlets.

Key Highlights

  • 11 furnished units in a short‑term rental portfolio with king and queen suites
  • 1.12‑acre property with 3,934 SF
  • No HOA, with easy drive in/out access

Property Analytics

Current Use

Roaring Fork Cottages Hotel & Motel Roaring Fork Motel Hotel & Motel

Suggested Use

Top Pick Electrical Service Garden Center Pharmacy Big Box & Wholesale Store Catering Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

604
Businesses Nearby

Demographics for 37738, TN

5,001
Population
7,075
Households
0.7
Avg Household Size
49
Median Age
31%
College-Educated
91%
High-School Grad
214.6 sq mi
ZIP Area
23
Density / Sq Mi
$63,133
Median Household Income
$29,169
Median Earnings
$1,090
Median Rent
$275,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - No HOA; 11 furnished, frame cottages and suites with AT&T Fiber, smart TVs, and off-street parking.
Where is this short term rental property located?
The property is located at 124 Roaring Fork Rd Gatlinburg, TN.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: 11 furnished units in a short‑term rental portfolio with king and queen suites; 1.12‑acre property with 3,934 SF; No HOA, with easy drive in/out access
More about this property
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