Income-Producing Triplex
For Sale
$1,500,000
355/359 County Road 475, Etowah, TN 37331
Multi-building residential income property with event facilities, acreage, and established rental improvements in East Tennessee.
Property Size12,796 SF
Lot Size24.25 Acres
Price / SF$117.22
Days on Market35
Property Features for 355/359 County Road 475
General Information
Standard status
Active
Size
12,796 SF
Lot size
24.25 Acres
Property subtype
Multi-Family
Amenities
community laundry room
lower-level event hall
outdoor pavilion
amphitheater
creek
Building Details
Year Built
1995
Listing Agency:
East Tennessee Properties, LLC
(865) 518-4324
Listed By:
Barbara Ratledge · License #368502
Source:
Searchhomesintn
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 25 at 3:47AM
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 East Tennessee Properties, LLC
Investment Insights
Based on property information with market context.
This 12,796-square-foot residential income property spans approximately 24.25 acres across two parcels and includes two single-family homes, a triplex built in 1992, and a quadplex completed in 1995. The quadplex contains a community laundry room and a lower-level event hall for gatherings, meetings, receptions, and special events. Additional site improvements include an outdoor pavilion and amphitheater, while a creek borders the rear of the property.
Located at 355/359 County Road 475 in Etowah, Tennessee, the property offers a mountain setting with mature trees, open green space, and mountain views. The surrounding area provides access to Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and Cherokee National Forest. Existing residential and event-related improvements support multiple income streams, with expansion subject to local zoning and applicable approvals.
Located at 355/359 County Road 475 in Etowah, Tennessee, the property offers a mountain setting with mature trees, open green space, and mountain views. The surrounding area provides access to Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and Cherokee National Forest. Existing residential and event-related improvements support multiple income streams, with expansion subject to local zoning and applicable approvals.
Key Highlights
- Approximately 24.25 acres across two parcels
- Two single‑family homes plus an income‑producing triplex and quadplex
- 12,796 square feet of property improvements
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Triplex - Multi-building residential income property with event facilities, acreage, and established rental improvements in East Tennessee.
Where is this triplex located?
The property is located at 355/359 County Road 475 Etowah, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 24.25 acres across two parcels; Two single‑family homes plus an income‑producing triplex and quadplex; 12,796 square feet of property improvements
