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Multifamily Property with Multiple Parcels
For Sale
$575,000

121-141 Spring Street, Sevierville, TN 37862

Four-parcel residential property includes multiple homes, city utilities, storage buildings, and substantial open land.

Property Size1,787 SF
Lot Size5.33 Acres
Price / SF$321.77
Days on Market215

Property Features for 121-141 Spring Street

General Information

Standard status Active
Size 1,787 SF
Lot size 5.33 Acres
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units 3

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $727

Amenities

Central Cooling, None
No
Laminate, Carpet, Vinyl
True
Yes
None, Central, Electric
Frame

Building Details

Year Built 1997
Buildings 3
Listing Agency: JACKSON REAL ESTATE & AUCTION
Listed By: MARK JACKSON · License #227129
Source: Compass
Added: Jan 28 Changed: Aug 29 Last Checked: Aug 31 at 1:05AM

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 JACKSON REAL ESTATE & AUCTION

Investment Insights

Based on property information with market context.

This multifamily property comprises four parcels totaling 5.33 acres at 121–141 Spring Street in Sevierville. The improvements include a two-bedroom, one-bath home with city water, city sewer, a private well, and a natural spring, along with a detached garage and two storage sheds. A second residence is a 2014 manufactured home with four bedrooms and two baths; it is currently occupied and provides functional residential space.

The property is positioned in Sevier County near Pigeon Forge, Gatlinburg, Sevierville, Dollywood, and Soaky Mountain Waterpark. Its combination of multiple residential improvements, utility access, accessory storage, and four separate parcels supports a range of multifamily or residential-income property strategies. The owner has indicated a willingness to consider separating the parcels.

Key Highlights

  • Four separate parcels totaling 5.33 acres
  • Two‑bedroom, one‑bath home with city water, city sewer, private well, and natural spring
  • 2014 manufactured home with 4 bedrooms and 2 baths

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Kitchen & Bath Showroom Carpet & Flooring Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

175
Businesses Nearby

Demographics for 37862, TN

23,236
Population
13,676
Households
1.7
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
81.8 sq mi
ZIP Area
284
Density / Sq Mi
$58,110
Median Household Income
$31,490
Median Earnings
$956
Median Rent
$283,800
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?
Multifamily property - Four-parcel residential property includes multiple homes, city utilities, storage buildings, and substantial open land.
Where is this multifamily property located?
The property is located at 121-141 Spring Street Sevierville, TN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four separate parcels totaling 5.33 acres; Two‑bedroom, one‑bath home with city water, city sewer, private well, and natural spring; 2014 manufactured home with 4 bedrooms and 2 baths
More about this property
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