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Two-Home Multifamily Compound
For Sale
$1,350,000

427 & 439 Thorngrove Pike, Kodak, TN 37764

Two residences share a property with a separate office and workshop building, along with wooded recreation areas and a pond.

Property Size2,931 SF
Lot Size37.06 Acres
Price / SF$460.59
Days on Market172

Property Features for 427 & 439 Thorngrove Pike

General Information

Standard status Active
Size 2,931 SF
Lot size 37.06 Acres
Property subtype Multi Family Home
Zoning A-1

Site & Location

Highway Access Yes
Utilities to Site Yes

Land

Topography rolling hills
Land Use residential, agricultural, recreational

Units

Unit Mix 1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,335

Amenities

spring-fed pond
stream
ATV trails
hunting allowed
fishing
farm animals welcome
Detached Workshop

Building Details

Building Size 2,931 SF
Year Built 2022
Buildings 3
Units 3
Listing Agency: Carter Chase Realty, LLC
Listed By: James Hoppa
Source: Carterchaserealty
Added: May 10 Changed: Oct 25 Last Checked: Oct 26 at 3:37AM

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 Carter Chase Realty, LLC

Rey
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Investment Insights

Based on property information with market context.

This multifamily property includes two mobile homes: one with 2 bedrooms and 2 bathrooms, and another with 3 bedrooms and 2 bathrooms. A separate mobile work building provides three offices and workshop space. The 37.06-acre parcel has rolling terrain, cleared areas, wooded sections, ATV trails, a spring-fed pond, and a stream. Underground utilities extend to additional clearings.

The property is zoned A-1, with no HOA or city taxes. Hunting is allowed, and farm animals are welcome. Exit 407 commercial growth is described as minutes away.

Key Highlights

  • 37.06 unrestricted acres with rolling hills, clearings, wooded areas, and ATV trails
  • Two mobile homes: 2 bedrooms and 2 bathrooms; 3 bedrooms and 2 bathrooms
  • Separate mobile work facility with 3 office spaces and workshop area

Property Analytics

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Suggested Use

Top Pick Big Box & Wholesale Store Restaurant Auto Repair Shop Hair Salon Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

Demographics for 37764, TN

10,583
Population
4,673
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
310
Density / Sq Mi
$69,028
Median Household Income
$31,986
Median Earnings
$1,095
Median Rent
$226,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Two residences share a property with a separate office and workshop building, along with wooded recreation areas and a pond.
Where is this multifamily property located?
The property is located at 427 & 439 Thorngrove Pike Kodak, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 37.06 unrestricted acres with rolling hills, clearings, wooded areas, and ATV trails; Two mobile homes: 2 bedrooms and 2 bathrooms; 3 bedrooms and 2 bathrooms; Separate mobile work facility with 3 office spaces and workshop area
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