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    Gatlinburg Income-Producing Cottage Portfolio Title is generated by Realmo AI

    124 Roaring Fork Rd, Gatlinburg, TN 37738

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    For Sale
    $2,692,000

    MULTI_FAMILY - Gatlinburg, TN

    Property size:
    3,934 SF
    Lot size:
    1.12 Acres
    Price / SF:
    $684/SF
    Added:
    Apr 6, 2026
    Days on Market:
    54
    Last Refresh:
    May 29 at 4:06 pm

    Property Features for 124 Roaring Fork Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    11
    Rooms
    Bathroom 9, Bedroom 3, Bathroom 3, Bedroom 10, Bedroom 2, Bathroom 6, Bedroom 11, Bathroom 7, Bathroom 8, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 10, Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 9, Bathroom 11, Bathroom 4, Bedroom 8
    Parking features
    Off Street
    Window features
    Drapes
    Patio and Porch features
    Porch
    Appliances
    Microwave, Refrigerator
    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)

    Building Details

    Year built
    1954
    Number of units
    11
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Holly Roach
    Holly Roach

    Listing agent Holly Roach

    Listing office Real Broker 7121 Regal Lane, Suite 215, Knoxville, TN

    Listing date Apr 6, 2026

    MLS# 1335553 Listing URL

    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.

    HighLights

    • High Income Potential: Portfolio of 11 studio cottages generated over $335k in gross revenue last year.
    • Prime Location: In the heart of Gatlinburg, conveniently located to top attractions.
    • Turnkey Operation: 11 furnished units ready for immediate rental income.
    • Expansion Potential: Opportunity to add/rebuild units (subject to City of Gatlinburg requirements).
    • Desirable Amenities: Includes AT&T Fiber internet and Smart TVs.
    • No HOA: Offers freedom and flexibility for property management.

    Overview

    This income-producing property is located in Gatlinburg and includes 11 studio cottages situated on over 1 acre. The cottages generated more than $335k in gross revenue last year. Cottage units 1 and 2 include kitchenette areas, and cottages 3 through 8 have space to build out kitchenette areas. The units are furnished and include King and Queen suites, AT&T Fiber internet, and Smart TVs. The property has no HOA and features an easy drive in and out. There is potential to add or rebuild units that were lost in the 2016 fires, subject to City of Gatlinburg requirements. The property is conveniently located near attractions including the Great Smoky Mountains National Park, Roaring Fork Motor Trail, 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 shopping. The property size is 3934 square feet and the lot size is 1.12 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Law Firm Spa & Massage Center Real Estate Agency Hair Salon Nail Salon Building Supply Restaurant Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Westgate Smokey Mountain — Gatlinburg, TN 37738
    • Seelie Court Cottage — 402 Silverbell Heights Ln, Gatlinburg, TN 37738, United States
    • Pelham Smokey Mountain Serenity Cbn — 2432 E VW, Gatlinburg, TN 37738
    • Holiday Valley Resort — Gatlinburg, TN 37738
    • 715 Maples Court — Gatlinburg, TN 37738

    Location Insight

    • Map
    • Local Demand
    City
    Gatlinburg
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.500787
    Latitude
    35.716396

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    FAQs

    What type of property is this?
    Bed & breakfast - Eleven furnished studio cottages in the heart of Gatlinburg.
    Where is this bed & breakfast located?
    The property is located at 124 Roaring Fork Rd Gatlinburg, TN.
    What is the asking price?
    The asking price for this property is $2,692,000.
    What are key features of this property?
    This property features: High Income Potential: Portfolio of 11 studio cottages generated over $335k in gross revenue last year.; Prime Location: In the heart of Gatlinburg, conveniently located to top attractions.; Turnkey Operation: 11 furnished units ready for immediate rental income.
    (865) 680-9953
    We can help!
    Listing Contact
    Holly Roach
    Holly Roach
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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