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    Lake City, TN
    Residential Income

    Lake City, TN Residential Income Properties for Sale

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    Andersonville, TN Caryville, TN Briceville, TN Jacksboro, TN Clinton, TN La Follette, TN Heiskell, TN Powell, TN
    Mixed-Use Building with Off-Street Parking
    Updated: Oct 21, 2025
    Mixed-Use Building with Off-Street Parking

    Lake City, TN 37769

    $375,000
    2,848 sqft
    Completely remodeled in 2008 with wiring, plumbing, HVAC, windows, and finishes updated
    Main level offers 1,700 SF of commercial space
    Upstairs includes two one‑bedroom apartments totaling 1,400 SF
    Brick and block construction with rubber roof and vinyl windows
    Off‑street parking in the rear plus carport
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    This listing looks promising.

    Here's a quick look at some key insights for

    311 S Main St, Rocky Top, TN 37769

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $31K
      Annual

    • Price @ 7% Cap

      $444K
      Above asking

    • Last Sold

      Oct 2006
      $38K

    • Property Type

      Retail Stores
      Built 1925
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Apartment Building Two-Building Complex
    Apartment Building Two-Building Complex

    La Follette, TN 37766

    $575,000
    4,040 sqft

    Remodeled apartment building in the Norris Lake area with active rentals, vinyl windows, and central heating and cooling.

    View details
    Oak Ridge Multifamily Investment Portfolio
    Oak Ridge Multifamily Investment Portfolio

    140 Tacoma Rd, Oak Ridge, TN 37830

    $3,450,000

    Multifamily investment in Oak Ridge with value-add opportunity.

    View details
    24-Unit Multifamily Portfolio
    24-Unit Multifamily Portfolio

    La Follette, TN 37766

    Contact for pricing

    Three multifamily buildings totaling 24 units offer direct-billed utilities and in-unit washer/dryer connections.

    View details
    Renovated Oak Ridge Quadplex
    Renovated Oak Ridge Quadplex

    225 - 231 W West Fairview Rd, Oak Ridge, TN 37830

    $485,000

    A four-unit quadplex with three fully renovated units, with rent roll and expenses available through the listing agent.

    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 Enchanted Forest Land
    Norris Lake Enchanted Forest Land

    Cheri Lane lot: 54-59, Caryville, TN 37714

    $159,900
    4.00 AC lot

    4 acres of lush land near Norris Lake.

    View details
    Land For Sale Jacksboro, TN
    Land For Sale Jacksboro, TN

    Lot 227 Auxier Drive, Jacksboro, TN 37757

    $34,999

    Land available in Jacksboro, Tennessee.

    View details
    Lakefront Land in Caryville, TN
    Lakefront Land in Caryville, TN

    S Shorewood Drive lot: 51, Caryville, TN 37714

    $339,000
    0.76 AC lot

    Shoreline property with deep water frontage and lake access.

    View details
    Equestrian Facility with Indoor Riding Arena
    Equestrian Facility with Indoor Riding Arena

    500 Miller Rd, Clinton, TN 37716

    $520,000
    4.12 AC lot

    Equestrian facility offering 32 horse stalls and an indoor riding arena, with wash bays and sprinkler system.

    View details

    Lake City, TN Residential Income Properties Market Trends and Statistics

    Explore 1 residential income 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 residential income 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Multifamily properties 1

    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 pricing trends across core commercial property types in Anderson County

    Residential Income

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