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Townsend Multifamily Investment Opportunity

7052 E Lamar Alexander Pkwy, Townsend, TN 37882

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For Sale

$1,375,000

16-unit multifamily property near Great Smoky Mountains National Park.

Type:Multifamily

Property size:

8,940 SF

Price / SF:

$153/SF

HighLights

Located just 8 minutes from the Great Smoky Mountains National Park entrance.
Turn‑key property with recent renovations including new kitchenettes, fixtures, and furniture.
Significant Capex improvements have been made.
Potential to operate as a motel in a market with limited competition.
Centrally located in Townsend, TN, near Pigeon Forge and Gatlinburg.
Updated facade and landscaping with added firepit areas and grills.

We can help!

Contact an agent

Sheev Patel

For Sale

$1,375,000

16-unit multifamily property near Great Smoky Mountains National Park.

Type:Multifamily

Property size:

8,940 SF

Price / SF:

$153/SF

Added:: Nov 21, 2025
Days on Market:: 218
Last Refresh:: May 9 at 12:05 am

Property Features for 7052 E Lamar Alexander Pkwy

General Information

Standard status: Active
Size: 8,940 SF
Property subtype: Multifamily

Building Details

Year Built: 1972

We can help!

Contact an agent

Sheev Patel

Listing office SVN | Wood Properties

Listing date Nov 21, 2025

Source Svn

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 SVN | Wood Properties

HighLights

Located just 8 minutes from the Great Smoky Mountains National Park entrance.
Turn‑key property with recent renovations including new kitchenettes, fixtures, and furniture.
Significant Capex improvements have been made.
Potential to operate as a motel in a market with limited competition.
Centrally located in Townsend, TN, near Pigeon Forge and Gatlinburg.
Updated facade and landscaping with added firepit areas and grills.

Overview

This 16-unit investment property is centrally located in Townsend, Tennessee, approximately 8 minutes from the entrance of the Great Smoky Mountain National Park. The property is also near Pigeon Forge and Gatlinburg, offering convenient access to various attractions and activities. The property has been recently renovated and features new kitchenettes, fixtures, and furniture. Exterior updates include the facade and landscaping, with the addition of firepit areas and grills. The property, totaling 8,940 square feet, could also be operated as a motel, capitalizing on a market with limited competition.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$157.7k	$17.64
− Vacancy	−$10.7k	−$1.20
EGI	$147.0k	$16.44
− OpEx	−$66.1k	−$7.40
NOI	$80.8k	$9.04

8,940 SF · lease $17.64/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.15M

$1.01M – $1.35M (±1% cap)

NOI $80,838 @ 7.0% cap · market cap 5.88%

Second Best

Hotel Hospitality

$800.8K

$700.7K – $934.2K (±1% cap)

NOI $56,054 @ 7.0% cap · market cap 4.08%

Theoretical Best

Office A

$3.60M

$3.15M – $4.20M (±1% cap)

NOI $251,945 @ 7.0% cap · market cap 18.32%

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

Property Profile Location Intelligence

Current Use by Public Records

Smoky Mountain Lodge Hotel & Motel

Suggested Use

Location Insight

Map
Local Demand

City: Townsend
County: Blount
State: Tennessee
Longitude: -83.789
Latitude: 35.6816

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For sale
Apartment buildings
TN
Townsend
37882
7052 E Lamar Alexander Pkwy

What type of property is this?

Apartment building - 16-unit multifamily property near Great Smoky Mountains National Park.

Where is this apartment building located?

The property is located at 7052 E Lamar Alexander Pkwy Townsend, TN.

What is the asking price?

The asking price for this property is $1,375,000.

What are key features of this property?

This property features: Located just 8 minutes from the Great Smoky Mountains National Park entrance.; Turn‑key property with recent renovations including **new kitchenettes, fixtures, and furniture**.; Significant Capex improvements have been made.