Short-Term Rental Property with
For Sale
$1,000,000
8113 West Old Highway 73, Townsend, TN 37882
Four cabins share outdoor gathering space and offer kitchenettes, climate control, and in-unit guest amenities.
Property Size3,688 SF
Lot Size0.51 Acres
Price / SF$271.15
Days on Market196
Property Features for 8113 West Old Highway 73
General Information
Standard status
Active
Size
3,688 SF
Lot size
0.51 Acres
Property subtype
Residential / Single Family Residence
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,888
Amenities
covered patio
outdoor seating
dining area
gas grill
Smart TV
sitting area
kitchenette
refrigerator
microwave
toaster
cooking essentials
central heating and air conditioning
7
No
Dryer, Electric Range, Microwave, Refrigerator, Washer
Metal
.00
Gas Grill, No Dock
Building Details
Year Built
1940
Stories
1
Listing Agency:
Mountain Realty Group
Listed By:
Michael McConnell · License #276103
(865) 548-8882
Source:
Compass
Added: Apr 5
Changed: Oct 13
Last Checked: Oct 16 at 11:02AM
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 Mountain Realty Group
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Investment Insights
Based on property information with market context.
This 0.51-acre short-term rental property includes four cabins and a renovated rear building. Three cabins each contain 648 square feet, while the fourth provides 720 square feet and is occupied by the owners. The additional building measures 1,024 square feet, bringing the property total to 3,688 square feet. The cabins were remodeled from their original 1940 construction and include central heating and air conditioning, Smart TVs, sitting areas, kitchenettes, refrigerators, microwaves, toasters, and cooking supplies.
The three smaller cabins have recently entered short-term rental operation. Shared outdoor features include a covered patio, seating, dining space, and a gas grill. Located at 8113 West Old Highway 73 in Townsend, the property is near Great Smoky Mountains National Park and area dining, entertainment, fishing, tubing, and horseback riding destinations.
The three smaller cabins have recently entered short-term rental operation. Shared outdoor features include a covered patio, seating, dining space, and a gas grill. Located at 8113 West Old Highway 73 in Townsend, the property is near Great Smoky Mountains National Park and area dining, entertainment, fishing, tubing, and horseback riding destinations.
Key Highlights
- 0.51‑acre short‑term rental property in Townsend, TN
- Three cabins at 648 sq ft each and one 720 sq ft cabin
- Renovated rear building measures 1,024 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,348
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,960
$667.0K
Cap Rate 7%
$476,400
$476.4K
Cap Rate 9%
$370,533
$370.5K
Market Conditions
NOI Build-Up for 3,688 SF
Gross rent
$65.1K $17.64/SF
− Vacancy
−$4.4K −$1.20/SF
EGI
$60.6K $16.44/SF
− OpEx
−$27.3K −$7.40/SF
NOI
$33.3K $9.04/SF
Area
Blount County, TN
Vacancy
6.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,960
Cap Rate 7%
$476,400
Cap Rate 9%
$370,533
Alternative Uses
Best Use
Apartment 5plus
$476.4K
$416.9K – $555.8K
NOI $33,348 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,934 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 37882, TN
3,061
Population
2,455
Households
1.2
Avg Household Size
58
Median Age
33%
College-Educated
93%
High-School Grad
183.8 sq mi
ZIP Area
17
Density / Sq Mi
$61,875
Median Household Income
$35,473
Median Earnings
$1,032
Median Rent
$292,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Four cabins share outdoor gathering space and offer kitchenettes, climate control, and in-unit guest amenities.
Where is this short term rental property located?
The property is located at 8113 West Old Highway 73 Townsend, TN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 0.51‑acre short‑term rental property in Townsend, TN; Three cabins at 648 sq ft each and one 720 sq ft cabin; Renovated rear building measures 1,024 sq ft
