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12-Property Ranch Apartment Community
For Sale
$1,400,000

128 County Road 882, Etowah, TN 37331

MULTI_FAMILY - Ranch - Etowah, TN

Property Size576 SF
Price / SF$2,430
Days on Market199

Property Features for 128 County Road 882

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Parking features Driveway
Window features Vinyl Frames, Insulated Windows
Patio and Porch features Porch, Deck, Patio
Pets allowed Size Limit, Number Limit
Interior features Open Floorplan, Laminate Counters, Ceiling Fan(s)
Exterior features Rain Gutters
Appliances Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Lot features Rural, Level, Rural, Level
Elementary school Mountain View
Middle school Mountain View
High school McMinn Central
Directions From Cleveland Travel North on Hwy 411. Turn right onto County Road 890. Go approximately 3/4 mile and turn right onto County Road 882.
Standard status Active
APN 118 07800 000
Size 576 SF

Taxes and HOA fees

Tax Annual Amount 2924

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Water source Public

Building Details

Year built 2024
Floors in Building 1
Number of units 12
Flooring type Vinyl
Roof type Metal
Architectural style Ranch
Listing Agency: Keller Williams Realty - Chattanooga - Lee Hwy
Listed By: Amy Bales · License #277166
Added: Feb 4 Changed: Aug 16 Last Checked: Aug 22 at 7:06AM
MLS# 20260557

Copyright © 2026 River Counties 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.

Ranch-style apartment community featuring 12 properties, including 11 cabins and one doublewide. Nine of the properties have signed leases, while the last two cabins are still under construction. The cabin mix includes five one-bedroom cabins at 576 square feet each and six two-bedroom cabins at 784 square feet each, plus one doublewide at 1,782 square feet.

Built in 2024, the homes include open floorplan interiors with laminate counters, ceiling fans, and vinyl flooring. Electric heating is provided throughout, and the kitchen/appliance package includes a dishwasher, electric range, electric water heater, and refrigerator.

Exterior features include rain gutters, metal roofing, and driveway parking. Outdoor space is supported with patios, decks, and porches. Public water and public sewer services are in place.

Key Highlights

  • 12 properties total: 11 cabins and one doublewide
  • 9 properties have signed leases; 2 cabins are still under construction
  • Unit mix includes five 1‑bedroom cabins (576 SF) and six 2‑bedroom cabins (784 SF)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Parking Lot & Garage HVAC Service Law Firm

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

27
Businesses Nearby

Demographics for 37331, TN

7,792
Population
3,721
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
87%
High-School Grad
39.4 sq mi
ZIP Area
198
Density / Sq Mi
$56,484
Median Household Income
$35,362
Median Earnings
$837
Median Rent
$171,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Ranch-style multifamily with public water and sewer, metal roof, and a mix of leased and under-construction cabins.
Where is this apartment building located?
The property is located at 128 County Road 882 Etowah, TN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 12 properties total: 11 cabins and one doublewide; 9 properties have signed leases; 2 cabins are still under construction; Unit mix includes five 1‑bedroom cabins (576 SF) and six 2‑bedroom cabins (784 SF)
More about this property
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