Multi-Family Income Property with Event
For Sale
$1,450,000
355/359 County Road 475, Etowah, TN 37331
Multi-Family, Etowah, TN
Property Size12,796 SF
Lot Size24.25 Acres
Price / SF$113.32
Days on Market54
Property Features for 355/359 County Road 475
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
25
Full bathrooms
13
Rooms
Bedroom 16, Bathroom 11, Bedroom 21, Bathroom 3, Bedroom 19, Bathroom 7, Bedroom 6, Bedroom 1, Bathroom 12, Bathroom 8, Bathroom 9, Bedroom 7, Bedroom 11, Bathroom 13, Bedroom 4, Bedroom 12, Bedroom 9, Bedroom 22, Bedroom 25, Bedroom 20, Bathroom 4, Bathroom 10, Bedroom 17, Bedroom 3, Bedroom 23, Bedroom 8, Bedroom 5, Bedroom 15, Bathroom 1, Bedroom 13, Bedroom 14, Bedroom 24, Bedroom 18, Bathroom 2, Bathroom 5, Bedroom 10, Bedroom 2, Bathroom 6
Parking features
Carport
Window features
Aluminum Frames
Patio and Porch features
Porch
Exterior features
Windows - Vinyl, Barn, Balcony
Elementary school
Mountain View
Middle school
Mountain View
High school
Central
Directions
From the Athens Office - 521 Congress Parkway S (US-11) Head southwest on Congress Parkway S/US-11 for about 1 mile. Turn right onto TN-30 W (Decatur Pike) toward Etowah. Continue on TN-30 W for approximately 14 miles. As you approach Etowah, turn left onto TN-310 (Mecca Pike). Follow Mecca Pike for about 2 miles. Turn left onto County Road 475. Continue on County Road 475 for roughly half a mile, the property will be on the left. Estimated travel time: 30-35 minutes
Subdivision
McMinn County - 40
Standard status
Active
APN
118 034.02 118 034.00
Size
12,796 SF
Lot size
24.25 Acres
Taxes and HOA fees
Tax Annual Amount
4468
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
community laundry room
event hall
outdoor pavilion
amphitheater
creek
Building Details
Year built
1995
Number of units
9
Flooring type
Hardwood, Tile, Laminate
Building materials
Vinyl Siding, Brick, Frame
Roof type
Metal
Listing Agency:
East Tennessee Properties, LLC
(423) 453-5722
Listed By:
Barbara Ratledge · License #368502
(423) 519-6287
Added: Jul 17
Changed: Sep 8
Last Checked: Sep 8 at 11:06PM
MLS# 1349485
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.
Investment Insights
Based on property information with market context.
This income-producing multi-family property includes two single-family homes, a triplex built in 1992, and a quadplex built in 1995. The quadplex offers a community laundry room and a spacious lower-level event hall designed for private gatherings, meetings, receptions, or special events. Additional improvements include an outdoor pavilion and amphitheater, and a creek that borders the rear of the property. The setting includes mature trees, open green space, and mountain views.
The property is located at 355/359 County Road 475 in Etowah, TN, and sits on approximately 24.25+/- acres across two parcels. It is positioned near outdoor recreation destinations including Starr Mountain and multiple rivers and the Cherokee National Forest, supporting year-round activities in the area.
With multiple residential buildings and on-site event facilities, the property is positioned to support established rental income, and it also allows for future expansion subject to local zoning and applicable approvals.
The property is located at 355/359 County Road 475 in Etowah, TN, and sits on approximately 24.25+/- acres across two parcels. It is positioned near outdoor recreation destinations including Starr Mountain and multiple rivers and the Cherokee National Forest, supporting year-round activities in the area.
With multiple residential buildings and on-site event facilities, the property is positioned to support established rental income, and it also allows for future expansion subject to local zoning and applicable approvals.
Key Highlights
- 24.25+/- acres across two parcels in the mountains of East Tennessee, with multiple income‑producing buildings and event space
- Income‑producing triplex built in 1992, plus two single‑family homes on the property
- Income‑producing quadplex built in 1995 with a community laundry room and a spacious lower‑level event hall
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
13
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-structure rental portfolio on 24.25+/- acres featuring a triplex, quadplex, community laundry, and a lower-level event hall.
Where is this multifamily property 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 $1,450,000.
What are key features of this property?
This property features: 24.25+/- acres across two parcels in the mountains of East Tennessee, with multiple income‑producing buildings and event space; Income‑producing triplex built in 1992, plus two single‑family homes on the property; Income‑producing quadplex built in 1995 with a community laundry room and a spacious lower‑level event hall
