Multi-Structure Residential Income
248 Buckhorn Road Gatlinburg, TN 37738
For Sale
$1,550,000
A 5-bedroom main residence plus a standalone 1-bedroom apartment set across multiple structures on wooded acreage.
Property Size10,640 SF
Price / SF$145.68
Days on Market54
Property Features for 248 Buckhorn Road
General Information
Standard status
Active
Size
10,640 SF
Property subtype
General Commercial
Building Details
Year Built
2003
Listing Agency:
Century 21 Legacy
(865) 416-2220
Listed By:
Katelyn Warren · License #367051
(865) 416-2220
Source:
Xome
Added: Jun 6
Changed: Jul 25
Last Checked: Jul 28 at 3:59AM
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 Century 21 Legacy
Investment Insights
Based on property information with market context.
This multi-structure residential income compound at 248 Buckhorn Road features 5 bedrooms and 4.5 bathrooms across multiple buildings, including a fully renovated 4BR/3.5BA main residence and a fully equipped 1BR/1BA “penthouse” apartment. The main residence includes updated finishes such as 10.5-ft ceilings, custom cabinetry, double ovens, and a dining table that conveys. Main-level living is supported with the primary bedroom, bathroom, and laundry all located on the main floor, and the home is anchored by a theater room with custom leather seating, a billiards table, a fireplace, and scenic views. The second floor offers a private guest suite with two bedrooms and one full bath.
The “penthouse” apartment functions as a true standalone living space with its own garage, kitchen, laundry, and living area, along with views of Mt. LeConte. Buckhorn Creek flows through the grounds, and the property sits adjacent to approximately 25 acres of hiking trails near the Historic Buckhorn Inn.
Additional improvements include a man cave garage and shop with a 7,500 lb lift, a DeWalt compressor with 3/4” hard air lines, 200-amp service, multiple HVAC systems, and a spacious loft above, along with a dedicated entertainment area.
The “penthouse” apartment functions as a true standalone living space with its own garage, kitchen, laundry, and living area, along with views of Mt. LeConte. Buckhorn Creek flows through the grounds, and the property sits adjacent to approximately 25 acres of hiking trails near the Historic Buckhorn Inn.
Additional improvements include a man cave garage and shop with a 7,500 lb lift, a DeWalt compressor with 3/4” hard air lines, 200-amp service, multiple HVAC systems, and a spacious loft above, along with a dedicated entertainment area.
Key Highlights
- Set on approx. 1.48 acres in Gatlinburg’s Arts & Crafts community with Buckhorn Creek flowing through the property
- Main residence plus standalone penthouse apartment: 5 bedrooms and 4.5 bathrooms across multiple structures
- Fully equipped 1BR/1BA penthouse apartment includes its own garage, kitchen, laundry, and living area
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $15.00 |
| − Vacancy | −$16.0k | −$1.50 |
| EGI | $143.6k | $13.50 |
| − OpEx | −$64.6k | −$6.08 |
| NOI | $79.0k | $7.43 |
10,640 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$987.5K – $1.32M
NOI $79,002 @ 7.0% cap · market cap 5.10%
Second Best
Multifamily LT 5
$829.4K
$725.7K – $967.7K
NOI $58,059 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$4.49M
$3.93M – $5.23M
NOI $314,093 @ 7.0% cap · market cap 20.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - A 5-bedroom main residence plus a standalone 1-bedroom apartment set across multiple structures on wooded acreage.
Where is this duplex located?
The property is located at 248 Buckhorn Road Gatlinburg, TN.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Set on approx. 1.48 acres in Gatlinburg’s Arts & Crafts community with Buckhorn Creek flowing through the property; Main residence plus standalone penthouse apartment: 5 bedrooms and 4.5 bathrooms across multiple structures; Fully equipped 1BR/1BA penthouse apartment includes its own garage, kitchen, laundry, and living area
