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    Pigeon Forge, TN Multifamily Properties for Sale

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    Brick Duplex with Basement Apartment
    Updated: Apr 2
    Brick Duplex with Basement Apartment

    1455 Chapman Highway, Sevierville, TN 37876

    $549,000
    4,044 sqft 1.28 AC lot
    Well‑built brick home built in 1999 with central air and heat pump heating
    3‑bedroom septic permit in place; public sewer not listed (septic tank)
    Two bedrooms on the main level plus a one‑bedroom basement apartment with full kitchen and living area
    Rented basement apartment at $850/month; total of three kitchens (two on main level, one in apartment)
    Two‑car main‑level garage plus additional garage space: 576 sq ft finished garage and 576 sq ft finished upstairs garage; downstairs garage unfinished
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    This listing looks promising.

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    1455 Chapman Highway, Sevierville, TN 37876

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $30K
      Annual

    • Price @ 7% Cap

      $429K
      Suggested

    • Property Type

      Single Family Residence
      Built 1999
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    Turnkey Furnished Short-Term Rental Cabins
    Updated: Jul 1
    Turnkey Furnished Short-Term Rental Cabins

    1828 Beach Front Drive, Sevierville, TN 37876

    $1,800,000
    6,108 sqft 0.83 AC lot
    Three 2023‑built short‑term rental cabins in Sevierville on Beach Front Drive (1828, 2184, and 2237 Beach Front Drive).
    Portfolio includes three approximately 2,036 SF cabins with central heating, central air, public water, and public sewer.
    Unit mix: one 2‑bedroom/2‑bath cabin with a theater room and potential 3‑bedroom conversion, plus two 3‑bedroom/3‑bath cabins.
    Seller‑provided financials show approximately $55,000 in annual gross rental revenue per cabin.
    Seller believes gross revenue potential is approximately $75,000-$85,000 per cabin annually with improved management and pricing.
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    Turnkey Two-Cabin Income Property
    Turnkey Two-Cabin Income Property

    1805 Shady Grove Rd, Sevierville, TN 37876

    $849,500
    2,976 sqft 2.77 AC lot

    Two turnkey cabins on 2.77 acres, each with multiple sleeping areas, decks, and hot tubs, producing rental income.

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    Six-Unit Townhome Apartment Community
    Six-Unit Townhome Apartment Community

    3729 Plaza Way, Pigeon Forge, TN 37863

    $1,800,000
    7,648 sqft 5.72 AC lot

    Six renovated two-bedroom townhomes with private balconies, in-unit washer/dryer, and fireplace; HOA amenities include clubhouse and indoor pool.

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    21-Unit Townhome Community Near Dollywood
    21-Unit Townhome Community Near Dollywood

    3729 Plaza Way, Pigeon Forge, TN 37863

    $5,999,999
    27,987 sqft

    Townhome community near Dollywood with multiple use options.

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    Two-Building Duplex Portfolio
    Two-Building Duplex Portfolio

    116 Hazel Drive, Sevierville, TN 37862

    $999,000
    2,240 sqft 1.14 AC lot

    Two one-level duplex buildings total eight 2-bedroom, 1-bath units; tenants pay utilities.

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    Duplex Cabin With Private Decks
    Duplex Cabin With Private Decks

    3012 Legacy Vista Drive, Sevierville, TN 37876

    $750,000
    2,808 sqft

    Two self-contained duplex units are set up for short-term stays, each with a private deck and full kitchen.

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    Renovated Vacation Rental Near Parkway
    Renovated Vacation Rental Near Parkway

    2150 Waldens Creek Road, Sevierville, TN 37862

    $510,000
    0.70 AC lot

    Fully furnished, renovated vacation rental with mountain views and amenities.

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    Office Building with Basement Entrance
    Office Building with Basement Entrance

    249 Mill View Drive, Pigeon Forge, TN 37863

    $599,000
    2,414 sqft 0.43 AC lot

    Flexible C6 building with multiple office areas, paved parking, and an optional separate-access finished basement.

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    Remodeled Triplex with Hot Tub
    Remodeled Triplex with Hot Tub

    2814 Seth Road, Pigeon Forge, TN 37863

    $1,499,900
    3,420 sqft 0.40 AC lot

    Fully remodeled triplex with three one-level 2BR/2BA units, furnished for short-term rentals, plus an outdoor firepit and hot tub.

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    New Multifamily Community Development
    New Multifamily Community Development

    2222 Two Rivers Blvd, Sevierville, TN 37876

    $35,250,000

    Class A apartment community in Sevierville, Tennessee, with strong leasing momentum.

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    Sevierville Hospitality Property For Sale
    Sevierville Hospitality Property For Sale

    4155 Dollys Drive, Sevierville, TN 37876

    $1,499,999
    8,232 sqft 0.40 AC lot

    Short-term rental property near Gatlinburg, Pigeon Forge, and Smoky Mountains.

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    Turnkey Multifamily Portfolio with Furnished Units
    Turnkey Multifamily Portfolio with Furnished Units

    1432 William Holt Blvd, Sevierville, TN 37862

    $2,500,000

    Ten furnished townhomes—nine 2-bedroom and one 3-bedroom—generated $335,838 in gross revenue during 2025.

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    21-Unit Townhome Community
    21-Unit Townhome Community

    3729 Plaza Way, Pigeon Forge, TN 37863

    $5,999,999
    27,987 sqft 5.72 AC lot

    21-unit townhome community operating as short-term rentals, with unit amenities and shared outdoor and HOA recreation access.

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    End-of-Road Duplex with Fireplaces
    End-of-Road Duplex with Fireplaces

    4238 Dollys Drive, Sevierville, TN 37876

    $565,000
    2,644 sqft 0.42 AC lot

    Two separate 2-bedroom residences with fireplaces, patios, and decks set on a quiet wooded drive in Sevierville.

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    Quadplex with Four 2BR Units
    Quadplex with Four 2BR Units

    116 Hazel Drive, Sevierville, TN 37862

    $999,000
    1.14 AC lot

    Two buildings each contain two 2-bedroom, 1-bath units with tenant-paid utilities and an open floor plan layout.

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    Sevierville Income-Generating Triplex Opportunity
    Sevierville Income-Generating Triplex Opportunity

    1373 Avenue D, Sevierville, TN 37876

    $159,900
    1,064 sqft 0.31 AC lot

    Triplex near Douglas Lake, ideal for investors seeking cash flow.

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    Under-Construction 5-Plex Investment
    Under-Construction 5-Plex Investment

    120 County Garage Rd, Sevierville, TN 37876

    $1,150,000
    3,000 sqft

    Under construction 5-plex with five 2-bedroom, 1-bath units on commercially zoned land.

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    Turnkey Short-Term Rental Cabin
    Turnkey Short-Term Rental Cabin

    1550 Bears Den Way, Sevierville, TN 37876

    $689,000
    2,016 sqft 0.01 AC lot

    Updated 3-bedroom, 3-bath cabin in Hidden Springs Resort with furnished interiors, decks, and a private hot tub.

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    Recreational Land with Creek Frontage
    Recreational Land with Creek Frontage

    553 Caney Creek Rd, Pigeon Forge, TN 37863

    $275,000
    4.85 AC lot

    Campsite history on nearly five acres, featuring a septic system for a 4-bedroom home and creek frontage.

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    Fourplex Short-Term Rental Property
    Fourplex Short-Term Rental Property

    4222 Dollys Drive, Sevierville, TN 37876

    $1,900,000
    6,360 sqft 1.41 AC lot

    Updated four-unit property with multiple decks, ample parking, and short-term rental-ready unit layouts.

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    Turnkey Short-Term Rental Townhome
    Turnkey Short-Term Rental Townhome

    1707 Willow Trace Court, Sevierville, TN 37862

    $280,000
    1,120 sqft

    Fully furnished 2-bedroom, 2.5-bath townhome with documented gross earnings exceeding $42,000.

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    Contemporary Mountain Townhome Fireplace
    Contemporary Mountain Townhome Fireplace

    2385 Forge Hideaway Loop, Pigeon Forge, TN 37863

    $599,900
    1,143 sqft

    Newly built 2-bedroom, 2-bath townhome with an open-concept great room and fireplace, suited for full-time living or rentals.

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    Two-Bedroom Townhome with Fireplace
    Two-Bedroom Townhome with Fireplace

    2385 Forge Hideaway Loop, Pigeon Forge, TN 37863

    $599,900
    1,143 sqft 0.01 AC lot

    Newly built two-bedroom, two-bath townhome with an open living plan and fireplace, suited for full-time use or short-term rentals.

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    Pigeon Forge, TN Multifamily Properties Market Trends and Statistics

    Explore 68 multifamily properties for sale in Pigeon Forge, TN, showcased through 33 active listings on our real estate platform. These investment opportunities span a total of 133,016 square feet of properties for sale, with an estimated market value of $36,744,996.

    Sale prices for multifamily properties in Pigeon Forge, TN start at $159,900, averaging $1,531,041, and reaching up to $5,999,999 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 27
    Duplexes 8
    Apartment buildings 6
    Mobile home & RV parks 2
    Triplexes 2

    Demographics Overview

    Population 61K
    Population Growth (5Y) -4.0%
    Median Household Income $57,849
    College Educated 15.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    Sevierville $2.5M
    Pigeon Forge $3.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.59%
    Property Tax per SF $26.21 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sevier County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Pigeon Forge fall within the 10,000 to 25,000 square foot range.

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