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    Lake City, TN
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    Lake City, TN Multifamily Properties for Sale

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    Andersonville, TN Norris, TN Caryville, TN Jacksboro, TN Briceville, TN Clinton, TN La Follette, TN Heiskell, TN
    Renovated Main Street Mixed-Use Building
    Updated: Oct 21, 2025
    Renovated Main Street Mixed-Use Building

    Lake City, TN 37769

    $375,000
    2,848 sqft
    Main‑level commercial space with two upstairs one‑bedroom apartments
    Renovated in 2008 with updated wiring, plumbing, HVAC, windows, and finishes
    Located on Main Street in Rocky Top, TN
    Rear off‑street parking with carport
    Brick and block construction with vinyl windows and rubber roof
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled 7-Unit Apartment Complex
    Remodeled 7-Unit Apartment Complex

    La Follette, TN 37766

    $575,000
    4,040 sqft

    Two separate buildings offer updated interiors near Norris Lake and regional outdoor recreation.

    View details
    Remodeled Apartment Complex
    Remodeled Apartment Complex

    508 E Central Ave, La Follette, TN 37766

    $575,000
    4,040 sqft

    Two-building multifamily property with updated interiors and active rentals near Norris Lake recreation.

    View details
    Briceville Multifamily Investment Opportunity
    Briceville Multifamily Investment Opportunity

    127 Upper Airbase Ln, Briceville, TN 37710

    $799,000
    9,400 sqft

    Well-maintained 8-unit apartment building in Briceville, Tennessee.

    View details
    Contemporary Triplex with Rooftop Terraces
    Contemporary Triplex with Rooftop Terraces

    Briceville, 37710

    $1,200,000

    Three distinct residences combine contemporary finishes, furnished interiors, and elevated outdoor spaces with city and mountain views.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Norris Lake Investment Opportunity
    Norris Lake Investment Opportunity

    896 Shawnee Drive, Jacksboro, TN 37757

    $3,800,000
    19.94 AC lot

    Rare 19.94-acre Norris Lake property with marina and campground potential.

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    96.8 Acres in Louisville, TN
    96.8 Acres in Louisville, TN

    102 Beulah Drive, Louisville, TN 37777

    $2,800,000
    96.84 AC lot

    96.8 acres suitable for mobile homes or future development.

    View details

    Lake City, TN Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Lake City, TN on our real estate platform. These investment opportunities span a total of 2,848 square feet of properties for sale, with an estimated market value of $375,000.

    Sale prices for multifamily properties in Lake City, TN average $375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 5,673
    Population Growth (5Y) -1.6%
    Median Household Income $51,691
    College Educated 14.9%

    High-Yield Neighborhoods for Investment

    Identify Lake City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    37769 $375K

    Listings Trend

    New vs delisted commercial listings in Anderson County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Anderson County

    Residential Income

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