Lakeside Duplex with Covered
115 Bluegill Way Sevierville, TN 37876
For Sale
$299,900
MULTI_FAMILY - Sevierville, TN
Property Size1,300 SF
Lot Size0.30 Acres
Price / SF$230.69
Days on Market184
Property Features for 115 Bluegill Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A-1
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 2, Dining Room
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Kitchen/Dining Combo
Exterior features
Dock, Storage
Appliances
Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
Standard status
Active
APN
095E B 001.00
Size
1,300 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
652
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Heat Pump, Electric
Water source
Public
Water front features
Waterfront, Lake Front, Lake
Water front
1
Building Details
Year built
1998
Floors in Building
1
Flooring type
Laminate, Vinyl
Building materials
Vinyl Siding
Roof type
Composition
Additional Structures
Storage
Listing Agency:
TN Living Realty
(865) 680-9653
Listed By:
Susie Mull
(865) 680-9653
Added: Jan 26
Changed: Jul 17
Last Checked: Jul 29 at 4:06PM
MLS# 309914
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 one-level lakeside duplex is designed for separate occupancy, with one side configured as a 1-bedroom, 1-bath unit and the other side as a 2-bedroom, 1-bath unit. Public remarks indicate each side has its own water and electric meters, along with private septic service and two heat pumps. The property includes improvements such as a newer HVAC, new appliances, new flooring, and a roof noted as approximately 7 years old, plus a large covered front porch overlooking the lake.
The duplex is located in a private community on Douglas Lake. The public remarks state there is a private community boat ramp and boat dock at the end of the street, described as being right off a deep channel of the lake. The front yard is described as level, with direct walk-out access to the water’s edge.
Additional reported details include HOA dues of $250 annually and the requirement of 24-hour notice or more for showings to accommodate tenants. The property is listed under zoning A-1, and buyers are advised to verify information from public records.
The duplex is located in a private community on Douglas Lake. The public remarks state there is a private community boat ramp and boat dock at the end of the street, described as being right off a deep channel of the lake. The front yard is described as level, with direct walk-out access to the water’s edge.
Additional reported details include HOA dues of $250 annually and the requirement of 24-hour notice or more for showings to accommodate tenants. The property is listed under zoning A-1, and buyers are advised to verify information from public records.
Key Highlights
- One‑level lakeside duplex set up for long‑term rental or overnight rental (1 BR/1 BA unit plus 2 BR/1 BA unit)
- Currently rented at $1,400/month per side for total monthly rental income of $2,800 (24‑hour notice or more required for showings)
- Lakefront setting with level front yard leading to the water’s edge plus a dock and storage
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 | $19.5k | $15.00 |
| − Vacancy | −$2.0k | −$1.50 |
| EGI | $17.6k | $13.50 |
| − OpEx | −$7.9k | −$6.08 |
| NOI | $9.7k | $7.43 |
1,300 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$137.9K
$120.7K – $160.9K
NOI $9,653 @ 7.0% cap · market cap 3.22%
Second Best
Multifamily LT 5
$101.3K
$88.7K – $118.2K
NOI $7,094 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$548.2K
$479.7K – $639.6K
NOI $38,376 @ 7.0% cap · market cap 12.80%
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?
Duplex - One-level duplex on Douglas Lake offers separate meters, private septic, and units with one- and two-bedroom layouts.
Where is this duplex located?
The property is located at 115 Bluegill Way Sevierville, TN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: One‑level lakeside duplex set up for long‑term rental or overnight rental (1 BR/1 BA unit plus 2 BR/1 BA unit); Currently rented at $1,400/month per side for total monthly rental income of $2,800 (24‑hour notice or more required for showings); Lakefront setting with level front yard leading to the water’s edge plus a dock and storage
