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Gated Triplex Property on Acreage

Rutledge, TN 37861, Rutledge, TN 37861

For Sale
$699,000

Multi-Family, Rutledge, TN

Property Size1,248 SF
Lot Size33.04 Acres
Price / SF$560.10
Days on Market97

Property Features

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Subdivision Grainger County - 45
Standard status Active
Size 1,248 SF
Lot size 33.04 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Annual Amount 122

Utilities

Heating system Electric (Heating), Heat Pump (Heating)
Cooling system Central Air

Amenities

private pond
gated entrance
carport/workshop

Building Details

Year built 2025
Number of units 3
Building materials Frame
Roof type Metal
Buildings 3
Listing Agency: Wallace
Listed By: Randy Hobbs
Added: Aug 6 Changed: Oct 27 Last Checked: Nov 10 at 9:06AM
MLS# 1351081

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.

Rey
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Investment Insights

Based on property information with market context.

This triplex property encompasses 33.04 acres with three tiny homes and a total reported property size of 1,248 square feet. The land is mostly wooded and includes a private pond, mature timber, a gated entrance, and logging roads extending through the property. A carport and workshop with electricity and water provide additional utility near a level area of ground.

The residences are frame construction with metal roofs, central air, and heat pump and electric heating. The property was built in 2025 and is identified as under construction. Its acreage, existing three-unit configuration, water feature, and accessory improvements provide a substantial residential property setting in Rutledge, Tennessee.

Key Highlights

  • 33.04 gated acres with mostly wooded terrain
  • Three tiny homes on the property
  • Private pond, mature timber, and established logging roads

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

Demographics for 37861, TN

8,790
Population
4,391
Households
2
Avg Household Size
45
Median Age
13%
College-Educated
87%
High-School Grad
98.6 sq mi
ZIP Area
89
Density / Sq Mi
$53,797
Median Household Income
$29,535
Median Earnings
$634
Median Rent
$202,200
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?
Triplex - Three residential units sit within a gated, mostly wooded setting with a private pond and supporting outbuildings.
Where is this triplex located?
The property is located at Rutledge, TN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 33.04 gated acres with mostly wooded terrain; Three tiny homes on the property; Private pond, mature timber, and established logging roads
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