Three-Unit Triplex
131 John Green Road Gatlinburg, TN 37738
For Sale
$699,750
MULTI_FAMILY - Other - Gatlinburg, TN
Property Size2,880 SF
Lot Size1.01 Acres
Price / SF$242.97
Days on Market77
Property Features for 131 John Green Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RLD
Bedrooms
3
Bathrooms
3
Rooms
Basement, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1
Interior features
Eat-in Kitchen, Stone Counters, Walk-In Closet(s)
Basement
Walk-Out Access
Appliances
Dishwasher, Disposal, Dryer, Electric Range, Gas Range, Refrigerator, Washer
Standard status
Active
APN
109 01900 000
Size
2,880 SF
Lot size
1.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2160
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2017
Floors in Building
2
Flooring type
Laminate
Building materials
Frame, Wood Siding
Architectural style
Other
Listing Agency:
Listwithfreedom.com
(855) 456-4945
Listed By:
Ralph Harvey · License #338742
(855) 456-4945
Added: May 15
Changed: Jul 21
Last Checked: Jul 30 at 5:06AM
MLS# 311827
Copyright © 2026 Great Smoky Mountains Association of 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 property is a 3-unit triplex cabin with fully furnished, turn-key accommodations. Each unit includes its own kitchen, entry, and living room, with recent updates such as expansive granite kitchen countertop replacements, a newer marble-top bathroom vanity, updated washer/dryer sets, and newer refrigerators. Interior features include fresh wood panel accent walls, and in-unit recreational amenities including a hot tub, air hockey, foosball, and a shiatsu massage chair. Exterior stairs connect each level, and the main level includes a fire pit and ample parking for guests and residents. A septic permit is in place with capacity for 2 bedrooms.
Located at 131 John Green Road in Gatlinburg, TN 37738, the triplex is described as being in Pittman Center and approximately 6 miles from downtown Gatlinburg, offering a mountain getaway setting within Sevier County.
The property is listed under zoning RLD. The site totals 1.01 acres and is reported at 2,880 square feet.
Located at 131 John Green Road in Gatlinburg, TN 37738, the triplex is described as being in Pittman Center and approximately 6 miles from downtown Gatlinburg, offering a mountain getaway setting within Sevier County.
The property is listed under zoning RLD. The site totals 1.01 acres and is reported at 2,880 square feet.
Key Highlights
- 3‑unit triplex cabin built in 2017 in Pittman Center
- Each unit includes its own kitchen, entry, and living room, with updated ready‑to‑rent interiors
- Furnishings and appliances included: dishwasher, disposal, washer/dryer, electric and gas ranges, refrigerators
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $15.00 |
| − Vacancy | −$4.3k | −$1.50 |
| EGI | $38.9k | $13.50 |
| − OpEx | −$17.5k | −$6.08 |
| NOI | $21.4k | $7.43 |
2,880 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 3.06%
Second Best
Multifamily LT 5
$224.5K
$196.4K – $261.9K
NOI $15,715 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,018 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three furnished triplex units with separate kitchens, living rooms, and updated in-unit appliances.
Where is this triplex located?
The property is located at 131 John Green Road Gatlinburg, TN.
What is the asking price?
The asking price for this property is $699,750.
What are key features of this property?
This property features: 3‑unit triplex cabin built in 2017 in Pittman Center; Each unit includes its own kitchen, entry, and living room, with updated ready‑to‑rent interiors; Furnishings and appliances included: dishwasher, disposal, washer/dryer, electric and gas ranges, refrigerators
