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    4222 Dollys Dr Sevierville, TN 37876

    View on Map
    Sponsored
    For Sale
    $1,995,000

    MULTI_FAMILY - Other - Sevierville, TN

    Property size:
    6,360 SF
    Lot size:
    1.41 Acres
    Days on Market:
    12
    Last Refresh:
    Mar 17 at 8:06 pm

    Property Features for 4222 Dollys Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    A1 per TR
    Rooms
    Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 7, Bathroom 6, Bedroom 3, Bathroom 9, Bedroom 9, Bathroom 2, Bathroom 1, Bedroom 8, Bathroom 11, Bedroom 5, Bedroom 10, Bedroom 1, Bedroom 11, Bathroom 8, Basement, Bedroom 6, Bathroom 5, Bathroom 10, Bedroom 7
    Bedrooms
    11
    Bathrooms
    10
    APN
    085L A 02600C000
    Parking features
    Off Street, Driveway
    Fireplace
    1
    Basement
    Finished
    Appliances
    Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
    Size
    6,360 SF
    Lot size
    1.41 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Well

    Building Details

    Year built
    1990
    Floors in Building
    3
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Matt Castle

    EXP REALTY LLC (888) 519-5113

    Listing agent Matt Castle (865) 344-1823

    Listing date Mar 5, 2026

    MLS# 309986 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Rare Smoky Mountain View Quadplex

    This rare fourplex is designed for short-term rentals, offering long-range Smoky Mountain views from each unit. There is potential to add a fifth rental unit. Units A, B, and C feature a 3-bedroom, 2.5-bathroom townhome floor plan, while Unit D offers 2 bedrooms and 2 bathrooms. An unfinished area above Unit C presents an opportunity to create a fifth unit, similar in size to Unit D, measuring approximately 1400 square feet. Units A and C include two decks, while Unit B boasts four, with three decks at the rear offering views and one covered deck at the front overlooking the parking area. Upgrades include a new metal roof, new HVAC systems for each unit, new hot water heaters for each unit, new kitchen cabinets and granite in Units A & C, new electric fireplaces, new furniture, and a new $15,000 water treatment and storage system with UV light. Smart locks and a new plumbing system allow water shut-off to individual units without affecting the others. The property includes two lots and high-speed broadband internet via Comcast/Xfinity is available for each unit. There is ample parking for each unit, along with three park-style grills. The property is self-managed, and the seller is open to transferring equipment leases and future rental reservations. The seller can provide a cleaning company, handymen/contractors, and other vendors to ensure a smooth transition. The property has a very high occupancy rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hair Salon Nail Salon Department Store Hotel & Motel Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.453862
    Latitude
    35.796374

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    FAQs

    What type of property is this?
    Quadplex - Four-unit short-term rental property with potential for a fifth unit.
    Where is this quadplex located?
    The property is located at 4222 Dollys Dr Sevierville, TN.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Extremely rare 4-plex with potential to add a 5th rental unit, offering significant value-add opportunity.; - Projected 2025 gross rental income of $187,930, indicating strong income potential.; - **Classic long-range Smoky Mountain views from each unit, enhancing tenant appeal.**
    (865) 344-1823
    Request Owner's contact information
    4222 Dollys Dr Sevierville, TN 37876
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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.

    More about this property
    4222 Dollys Dr Sevierville, TN 37876
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    Listing Contact
    Matt Castle
    (865) 344-1823
    Learn more
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