Four-Unit Multifamily
New
For Sale
$350,000
2361 Mountain Valley Hwy 131, Thorn Hill, TN 37881
Current residents occupy every unit under existing leases, and a shared laundry facility serves the property.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market4
Property Features for 2361 Mountain Valley Hwy 131
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$685
Amenities
shared on-site laundry facility
Building Details
Tenancy
Multi
Listing Agency:
Realty Executives Associates
(865) 588-3232
Listed By:
Miranda Fritts
(865) 440-0068
Source:
Exprealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:25PM
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 Realty Executives Associates
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Investment Insights
Based on property information with market context.
This four-unit multifamily property sits on 2 acres in Thorn Hill, Tennessee. All four residences are occupied, with leases in place, and residents share an on-site laundry facility. Electricity is paid by tenants; water is covered by the landlord.
The property is in a rural setting with East Tennessee scenery. Its existing occupancy and shared laundry are practical features of the current residential configuration.
The property is in a rural setting with East Tennessee scenery. Its existing occupancy and shared laundry are practical features of the current residential configuration.
Key Highlights
- Four residential units, all occupied with leases in place
- Property encompasses 2 acres in Thorn Hill, Tennessee
- Shared on‑site laundry facility
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 37881, TN
2,235
Population
1,073
Households
2.1
Avg Household Size
46
Median Age
8%
College-Educated
71%
High-School Grad
71.9 sq mi
ZIP Area
31
Density / Sq Mi
$44,583
Median Household Income
$29,167
Median Earnings
$805
Median Rent
$124,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Current residents occupy every unit under existing leases, and a shared laundry facility serves the property.
Where is this quadplex located?
The property is located at 2361 Mountain Valley Hwy 131 Thorn Hill, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four residential units, all occupied with leases in place; Property encompasses 2 acres in Thorn Hill, Tennessee; Shared on‑site laundry facility
