Six-Unit Townhome Apartment
3729 Plaza Way Pigeon Forge, TN 37863
3729 Plaza Way, Pigeon Forge, TN, 37863
$1,800,000
For Sale
$1,800,000
COMMERCIAL - Pigeon Forge, TN
Property Size7,648 SF
Lot Size5.72 Acres
Price / SF$235.36
Days on Market170
Property Features for 3729 Plaza Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C4
- Parking
- 6
- Standard status
- Active
- APN
- 095 031.01
- Size
- 7,648 SF
- Lot size
- 5.72 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3493
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Frame
Listing Agency
PWA Properties
(865) 233-6441
131 E Broadway Avenue, Maryville, TN
Listed by
Kevin Tipton · License #275491
(865) 210-0228
Added: Jan 29 Checked: Jul 18 at 4:06 am
MLS# 309957
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.
For sale: a six-unit building that is part of a larger 21-unit townhome community in Pigeon Forge, Tennessee, directly adjacent to Dollywood. The property is currently operated as short-term rentals and offers multiple use options, including continued vacation rental operations, conversion to traditional apartments, or individual sale as condominium units. Zoning is listed as C4.
Each unit is a two-bedroom, two-and-a-half-bath townhome with recently renovated interiors featuring higher-end finishes. Homes include a washer and dryer, a fireplace, and a private balcony.
The community features a firepit and grilling area, and residents have shared ownership in an adjacent HOA that provides access to a clubhouse and an indoor swimming pool. The address is 3729 Plaza Way, Pigeon Forge, TN 37863.
Each unit is a two-bedroom, two-and-a-half-bath townhome with recently renovated interiors featuring higher-end finishes. Homes include a washer and dryer, a fireplace, and a private balcony.
The community features a firepit and grilling area, and residents have shared ownership in an adjacent HOA that provides access to a clubhouse and an indoor swimming pool. The address is 3729 Plaza Way, Pigeon Forge, TN 37863.
Key Highlights
- 6‑unit building part of a larger 21‑unit townhome community in Pigeon Forge, TN, directly adjacent to Dollywood
- All units are 2‑bedroom, 2.5‑bath townhomes with private balconies
- Each unit includes a washer and dryer and a fireplace
Local 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 | $114.7k | $15.00 |
| − Vacancy | −$11.5k | −$1.50 |
| EGI | $103.2k | $13.50 |
| − OpEx | −$46.5k | −$6.08 |
| NOI | $56.8k | $7.43 |
7,648 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$811.2K
$709.8K – $946.4K
NOI $56,786 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.82M – $3.76M
NOI $225,769 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ridgecrest Condominiums
Condominium Complex
Pinecrest Townhomes
Vacation Rental
Crest Resort
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Six renovated two-bedroom townhomes with private balconies, in-unit washer/dryer, and fireplace; HOA amenities include clubhouse and indoor pool.
Where is this short term rental property located?
The property is located at 3729 Plaza Way Pigeon Forge, TN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 6‑unit building part of a larger 21‑unit townhome community in Pigeon Forge, TN, directly adjacent to Dollywood; All units are 2‑bedroom, 2.5‑bath townhomes with private balconies; Each unit includes a washer and dryer and a fireplace
