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24-Unit Apartment Development
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323 Ownby St, Gatlinburg, TN 37738

Four-story apartment project with two-bedroom residences near Gatlinburg’s Parkway and local attractions.

Property SizeContact for details
Days on Market144

Property Features for 323 Ownby St

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 24 x 2BR/2BA
Multifamily Units 24

Additional Details

Road Access Yes

Building Details

Buildings 1
Stories 4
Listing Agency: Mike Fuller Realty & Company
Listed By: Michael Fuller · License #249198
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 1:56PM

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 Mike Fuller Realty & Company

Investment Insights

Based on property information with market context.

This four-story apartment development includes 24 two-bedroom, two-bath residences of approximately 1,100 SF each. The project is currently under construction, with completion projected for January 1, 2023. The property is located along Ownby Street, just off Ski Mountain Road, and includes a walkable, private setting near Gatlinburg’s Parkway.

An adjacent pad is included for Phase II, which is engineered and approved for an additional 24 units. The development can be managed for overnight and short-term rentals, including Airbnb, or configured under a condominium regime for resale upon completion or partial completion. Ober Gatlinburg, Smoky Mountain National Park, restaurants, and other area attractions are identified as nearby destinations.

Key Highlights

  • 24‑unit apartment development with 24 additional Phase II units engineered and approved
  • Four‑story building with 24 two‑bedroom, two‑bath units
  • Residences measure approximately 1,100 SF each

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Garden Center Hair Salon Nail Salon Home Appliance Store Plumbing Service Skin Care Clinic

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

24
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

716
Businesses Nearby

Demographics for 37738, TN

5,001
Population
7,075
Households
0.7
Avg Household Size
49
Median Age
31%
College-Educated
91%
High-School Grad
214.6 sq mi
ZIP Area
23
Density / Sq Mi
$63,133
Median Household Income
$29,169
Median Earnings
$1,090
Median Rent
$275,000
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?
Apartment building - Four-story apartment project with two-bedroom residences near Gatlinburg’s Parkway and local attractions.
Where is this apartment building located?
The property is located at 323 Ownby St Gatlinburg, TN.
What are key features of this property?
This property features: 24‑unit apartment development with 24 additional Phase II units engineered and approved; Four‑story building with 24 two‑bedroom, two‑bath units; Residences measure approximately 1,100 SF each
(865) 909-7471 Call to check price and availability
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