Four-Unit Multifamily
New
For Sale
$350,000
2361 Tennessee 131 Hwy, Thorn Hill, TN 37881
Multi-Family, Thorn Hill, TN
Property SizeContact for details
Lot Size2.00 Acres
Days on Market4
Property Features for 2361 Tennessee 131 Hwy
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Dryer, Range, Refrigerator, Washer
Elementary school
Hancock County
Middle school
Hancock
High school
Hancock
Directions
For directions Apple maps likes 2453 SR-131 Thorn Hill, TN. It right beside the Appalachia Meat Processing, LLC. Google maps to there will also direct you to correct place. Sign in front. You will come across red multiplex on right side of road.
Subdivision
Hancock County - 56
Standard status
Active
APN
075 058.00
Lot size
2.00 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
685
Utilities
Heating system
Electric (Heating), Space Heater
Cooling system
Window Unit(s)
Amenities
on-site laundry
Building Details
Year built
1960
Number of units
4
Flooring type
Laminate
Building materials
Metal Siding, Frame
Roof type
Shingle
Listing Agency:
Realty Executives Associates · Realty Executives International
(865) 588-3232
Listed By:
Miranda Fritts
(865) 440-0068
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 31 at 11:06PM
MLS# 1360304
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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. Built in 1960, the building has metal siding and a frame structure, laminate flooring, electric heat with space heaters, and window-unit cooling. A shared laundry facility serves the residents. Appliances include washers, dryers, ranges, and refrigerators.
All four units are occupied under existing leases. Residents pay for their own electricity, while water is paid by the landlord. The property is located in Hancock County, Tennessee.
All four units are occupied under existing leases. Residents pay for their own electricity, while water is paid by the landlord. The property is located in Hancock County, Tennessee.
Key Highlights
- Four units, all occupied with leases in place
- Property encompasses 2 acres in Thorn Hill
- Shared on‑site laundry facility
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6
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 - Each residence is occupied, with existing leases in place.
Where is this quadplex located?
The property is located at 2361 Tennessee 131 Hwy 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 units, all occupied with leases in place; Property encompasses 2 acres in Thorn Hill; Shared on‑site laundry facility
