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    Pigeon Forge, TN Multifamily Properties for Sale

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    Triplex With Updated Interiors
    Updated: May 28
    Triplex With Updated Interiors

    1373 Avenue D, Sevierville, TN 37876

    $124,900
    1,064 sqft 0.31 AC lot
    Three one‑bedroom, one‑bathroom apartments
    1064 square feet on 0.31 acres
    All three units currently occupied
    Separate entrance and parking for each apartment
    Two apartments updated with fresh paint and new flooring
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    This listing looks promising.

    Here's a quick look at some key insights for

    1373 Avenue D, Sevierville, TN 37876

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $8K
      Annual

    • Price @ 7% Cap

      $113K
      Suggested

    • Property Type

      Mobile Home
      Built 1991
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    Renovated Quadplex with Mountain Views
    Updated: Aug 22
    Renovated Quadplex with Mountain Views

    4222 Dollys Drive, Sevierville, TN 37876

    $1,845,000
    6,360 sqft 1.41 AC lot
    6,360‑square‑foot quadplex on 1.41 acres
    Units A, B and C: 3BR/2.5BA townhome layouts; Unit D: 2BR/2BA
    Potential conversion above Unit C into a 5th unit of approximately 1400sqft
    Long‑range Smoky Mountain views from the rear of each unit
    New metal roof, HVACs, hot water heaters, smart locks and upgraded plumbing
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    4-Property Short-Term Rental Portfolio
    4-Property Short-Term Rental Portfolio

    4137 Watson, Pigeon Forge, TN 37863

    $2,300,000
    5,731 sqft 2.48 AC lot

    Furnished vacation-rental holdings with established guest reviews, central amenities, and operating history across Pigeon Forge and Sevierville.

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    Turnkey Furnished Short-Term Rental Cabins
    Turnkey Furnished Short-Term Rental Cabins

    1828 Beach Front Drive, Sevierville, TN 37876

    $1,800,000
    6,108 sqft 0.83 AC lot

    Three newer-construction, fully furnished cabins built in 2023, offered as a package with existing rental revenue.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    7-Unit Short-Term Rental Property
    7-Unit Short-Term Rental Property

    3804 Wears Valley Rd, Sevierville, TN 37862

    $945,000
    3,120 sqft

    Refurbished guest suites, event areas, and an additional C-2-zoned parcel support varied hospitality operations.

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    Duplex with Mountain Views
    Duplex with Mountain Views

    4228 Wears Valley Road, Sevierville, TN 37862

    $599,900
    2,156 sqft

    C1-zoned duplex with an open interior plan, multiple outdoor decks, and a game room for flexible occupancy.

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    Two-Building Duplex with Four 2-Bed Units
    Two-Building Duplex with Four 2-Bed Units

    116 Hazel Drive, Sevierville, TN 37862

    $999,000
    2,240 sqft 1.14 AC lot

    R-1 duplex portfolio with two one-level buildings offering four two-bedroom, one-bath units and public water and sewer.

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    7-Cabin Short-Term Rental Resort
    7-Cabin Short-Term Rental Resort

    903 Jersey Drive, Sevierville, TN 37862

    $4,999,999
    6,000 sqft

    Fully furnished cabins offer private outdoor amenities and an established short-term rental configuration.

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    Updated Short-Term Rental Cabin
    Updated Short-Term Rental Cabin

    1550 Bears Den Way, Sevierville, TN 37876

    $689,000
    2,016 sqft

    Fully furnished three-bedroom retreat with resort amenities, outdoor entertaining areas, and convenient access to area attractions.

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    6-Unit Short-Term Rental Townhome Building
    6-Unit Short-Term Rental Townhome Building

    3729 Plaza Way, Pigeon Forge, TN 37863

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

    Six renovated two-bedroom townhomes in C4 zoning, each with washer/dryer, fireplace, and private balcony.

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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

    Each unit includes a full kitchen, laundry appliances, and two full bathrooms.

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    Flexible Live-Work Property
    Flexible Live-Work Property

    249 Mill View Dr, Pigeon Forge, TN 37863

    $585,000
    2,414 sqft

    C-6 Commercial zoning accommodates office areas, living space, and a finished basement with separate access.

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    Fully Remodeled Triplex for Short-Term Rentals
    Fully Remodeled Triplex for Short-Term Rentals

    2814 Seth Road, Pigeon Forge, TN 37863

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

    Triplex with three remodeled 2-bedroom, 2-bath units on one level, furnished for short-term stays with central HVAC and shared septic.

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    New Construction Two-Unit Duplex
    New Construction Two-Unit Duplex

    840 & 842 Delight, Sevierville, TN 37876

    $699,000
    1,240 sqft 0.50 AC lot

    Each residence offers one bedroom, one bathroom, and an open living area.

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    Multifamily Property with Multiple Parcels
    Multifamily Property with Multiple Parcels

    121-141 Spring Street, Sevierville, TN 37862

    $575,000
    1,787 sqft 5.33 AC lot

    Four-parcel residential property includes multiple homes, city utilities, storage buildings, and substantial open land.

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    5-Unit Apartment Building Under Construction
    5-Unit Apartment Building Under Construction

    120 County Garage Rd, Sevierville, TN 37876

    $999,000
    3,000 sqft

    Commercially zoned development includes two-bedroom layouts with one bathroom per residence.

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    21-Unit Short-Term Rental Townhome Community
    21-Unit Short-Term Rental Townhome Community

    3729 Plaza Way, Pigeon Forge, TN 37863

    $5,495,000
    27,987 sqft 5.72 AC lot

    21-unit two-bedroom townhome community zoned C4 with private balconies, washer/dryer, and central air.

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

    3729 Plaza Way, Pigeon Forge, TN 37863

    $5,495,000
    27,987 sqft

    Townhome community near Dollywood with multiple use options.

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    Duplex with Fireplaces
    Duplex with Fireplaces

    4238 Dollys Drive, Sevierville, TN 37876

    $560,000
    2,644 sqft 0.42 AC lot

    Two-unit duplex in A-1 zoning with fireplaces, attached carports, patios and decks, and well and septic service.

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    Turnkey Short-Term Rental Cabins
    Turnkey Short-Term Rental Cabins

    1828 Beach Front Drive, Sevierville, TN 37876

    Contact for pricing
    6,108 sqft

    Newer-construction, fully furnished portfolio of three drive-to rental cabins built in 2023 with short-term rental layouts.

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    Renovated 5-Unit Apartment Building
    Renovated 5-Unit Apartment Building

    324 Hopson Street, Sevierville, TN 37876

    Contact for pricing
    5,107 sqft

    Renovated 5-unit apartment building offered for sale with 100% occupancy.

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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    2312 Boyds Creek Highway, Sevierville, TN 37876

    $700,000
    3,200 sqft 0.76 AC lot

    Well-maintained four-unit multifamily property with four two-bedroom, one-bath units, 100% occupied.

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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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    Updated Short-Term Rental Cabin
    Updated Short-Term Rental Cabin

    1550 Bears Den Way, Sevierville, TN 37876

    $689,000
    2,016 sqft 0.01 AC lot

    Furnished mountain cabin with open living space, guest amenities, and access to a gated resort indoor pool.

    View details

    Pigeon Forge, TN Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Pigeon Forge, TN, showcased through 59 active listings on our real estate platform. These investment opportunities span a total of 165,937 square feet of properties for sale, with an estimated market value of $96,358,198.

    Sale prices for multifamily properties in Pigeon Forge, TN start at $57,500, averaging $2,240,888, and reaching up to $35,250,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 40
    Duplexes 14
    Apartment buildings 8
    Mobile home & RV parks 5
    Quadplexes 4

    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
    37863 $2M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Sevier County

    Residential Income

    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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