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Farm Property with Two Residences
For Sale
$890,000
Pending

1036 Locke Creek Rd, Readyville, TN 37149

Renovated farmhouse plus a separate two-story residence on 58+/- acres with ponds, fencing for livestock, and multiple outbuildings.

Property SizeContact for details
Lot Size58.00 Acres
Days on Market520

Property Features for 1036 Locke Creek Rd

General Information

Standard status Pending
Lot size 58.00 Acres
Property subtype Farm

Additional Details

Fenced Yard Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,604

Amenities

spring fed ponds
ATV trails
garages
barn with stables
Listing Agency: Parks Auction & Realty
Listed By: Amelia Weaver · License #341514
Source: Exitrealty
Added: Apr 4, 2025 Changed: Aug 8 Last Checked: Jul 23 at 4:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parks Auction & Realty

Investment Insights

Based on property information with market context.

This farm property includes two separate living spaces. The renovated farmhouse unit offers 3 bedrooms and 1 bathroom, and is currently rented monthly for $1,600. Adjacent is a separate two-story unit with 2 bedrooms and 2 bathrooms, suited for flexible use as a second residence or short-term rental arrangement. Some furnishings are negotiable to support a seamless transition for continued short-term rentals.

Set on 58+/- acres, the property features three spring-fed ponds, a well, and ATV trails. Multiple outbuildings are included, including 2 garages and a barn with stables, and the grounds are fully fenced for livestock.

The property also reports a successful Airbnb track record, generating approximately $64,000 in income over the past two years. It is located about one mile from The Farm at Spring Valley event venue.

Key Highlights

  • 58+/- acres with 3 spring‑fed ponds, a well, and ATV trails
  • Renovated farmhouse unit: 3 bed, 1 bath; currently rented monthly for $1,600
  • Separate two‑story residence: 2 bed, 2 bath

Property Analytics

Current Use

Short term rental ...

Lease Details

2
Residential units
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 37149, TN

2,675
Population
1,048
Households
2.6
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
64.2 sq mi
ZIP Area
42
Density / Sq Mi
$68,733
Median Household Income
$42,733
Median Earnings
$1,039
Median Rent
$308,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Farm - Renovated farmhouse plus a separate two-story residence on 58+/- acres with ponds, fencing for livestock, and multiple outbuildings.
Where is this farm located?
The property is located at 1036 Locke Creek Rd Readyville, TN.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 58+/- acres with 3 spring‑fed ponds, a well, and ATV trails; Renovated farmhouse unit: 3 bed, 1 bath; currently rented monthly for $1,600; Separate two‑story residence: 2 bed, 2 bath
More about this property
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