Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117-125 Ridgeview Drive Elizabethton, TN 37643

    View on Map
    Claim this Listing
    Pending
    $749,000

    MULTI_FAMILY - Ranch - Elizabethton, TN

    Type:Single Family Residence
    Property size:
    2,880 SF
    Lot size:
    2.96 Acres
    Added:
    Nov 14, 2025
    Days on Market:
    169
    Last Refresh:
    May 2 at 3:06 pm

    Property Features for 117-125 Ridgeview Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    commercial
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 4
    Window features
    Insulated Windows
    Patio and Porch features
    Porch
    Interior features
    Eat-in Kitchen, Open Floorplan
    Appliances
    Cooktop, Range, Refrigerator
    Standard status
    Pending
    APN
    028 007.06
    Size
    2,880 SF
    Lot size
    2.96 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3637

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    2020
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Vinyl
    Building materials
    Wood Siding
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Lauren Clemson

    Listing agent Lauren Clemson License #338564

    Listing office Property Executives Johnson City 2694 Boones Creek Road Suite #4, TN

    Listing date Nov 14, 2025

    MLS# 9988336 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cabins Investment Opportunity in Elizabethton

    This investment opportunity features five cabins situated on a 2.96-acre parcel. Each cabin offers 576 square feet of living space on one level, including one bedroom, one bathroom, and a large deck with mountain views. The property offers potential for future building sites. The cabins share a water meter, electrical meter, and septic tank. All five cabins are currently leased on a month-to-month basis. The property is suitable for long-term rentals and has potential for short-term rentals. The location in Elizabethton provides proximity to Watauga Lake, hiking trails, the Watauga River, and Roan Mountain, with a short drive to North Carolina skiing areas. The total property size is 2880 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.191614
    Latitude
    36.377666

    Nearby Similar for Sale

    • $950,000
      4,348 SF

      High-Visibility Commercial Building on US-19E

      4,300+ SF commercial building on a high-traffic Elizabethton corner.
      2214 W Elk Avenue, Elizabethton, TN 37643
      View Details
    • $399,999
      3,600 SF

      Elizabethton Commercial Property with Riverfront

      Two buildings on 1.67 acres with Watauga River frontage.
      217 Lovers Lane, Elizabethton, TN 37643
      View Details
    • $5,000
      3,600 SF

      Turnkey Medical/Professional Office Space

      Versatile office space with elegant finishes and expansion potential.
      106 Rogosin Drive, Elizabethton, TN 37643
      View Details
    • $395,000
      920 SF

      Retail Investment Opportunity

      Retail building with NNN lease in high-traffic Elizabethton corridor.
      1201 Highway 19e unit: 2, Elizabethton, TN 37643
      View Details
    • $890,000

      51 Acres in Elizabethton, TN

      Land with meadows, woods, creek, and mountain views.
      3039 Hwy 91, Elizabethton, TN 37643
      View Details
    • $249,900
      1,550 SF

      Income-Producing Duplex in Elizabethton, TN

      Well-maintained duplex near downtown Elizabethton, ideal for owner-occupant or investor.
      615 6151/2 Bravo Street, Elizabethton, TN 37643
      View Details
    • $375,000
      4,917 SF

      Elizabethton Church with Parking

      Church property with parking and potential for adaptive reuse.
      722 Hwy 91, Elizabethton, TN 37643
      View Details
    • $859,900
      2,643 SF

      Prime Commercial Building on Corner Lot

      Exceptional commercial building in high-traffic area, suitable for various businesses.
      111 W Elk / Charlie Robinson Avenue, Elizabethton, TN 37643
      View Details
    • $470,000
      2,400 SF

      Established Commercial Property on Highway

      High-traffic location ideal for automotive sales or other commercial uses.
      3861 Highway 19-E, Elizabethton, TN 37643
      View Details
    • $399,000
      3,000 SF

      Commercial Property with Residential Home

      Gas station, garage, hardware store, and residential home for sale.
      1582 Blue Springs Road, Elizabethton, TN 37643
      View Details
    • $759,900
      1,804 SF

      Prime Commercial Property in Elizabethton

      High-visibility commercial property with drive-thru and ample parking.
      113 W Elk/Charlie Robinson Drive, Elizabethton, TN 37643
      View Details
    • $294,900

      Farm in Lynn Valley Community

      11.33-acre farm suitable for equine business or residential use.
      124 Bill Crawford Road, Elizabethton, TN 37643
      View Details

    FAQs

    What type of property is this?
    Single family property - Five cabins on 2.96 acres, great investment potential.
    Where is this single family property located?
    The property is located at 117-125 Ridgeview Drive Elizabethton, TN.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Producing Income: Five leased cabins on 2.96 acres offer immediate rental income.; Expansion Potential: Property allows for future building sites to increase the number of cabins.; Desirable Location: Close proximity to Watauga Lake, hiking trails, Watauga River, Roan Mountain, and NC skiing.
    (423) 202-0960
    We can help!
    Listing Contact
    Lauren Clemson
    Real Estate License ID: 338564
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    117-125 Ridgeview Drive, Elizabethton, TN 37643

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!