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Active 266 days on market

121 & 141 Spring St

Sevierville, TN 37862 · L P Yett Farm · Sevier County

$599,900

Built
1997

Listing courtesy of Jackson Real Estate & Auction · MLS #1328451

Description

2 HOMES, 4 PARCELS, 5.33 Acres in Sevier County, TN Investor Opportunity, OWNER WILLING TO SPLIT= PLEASE CALL AN AGENT FOR MORE INFORMATION Rare Multi-Home Investment in Sevier County! This incredible investment package includes three homes across four separate parcels (totaling 5.33 acres) being sold together—with the possibility of separation for the right offer. Known locally as part of the historic L.P. Yett Family Farm, this land has been in the same family since the 1950s and now presents a once-in-a-generation opportunity to own a piece of Sevier County heritage. Located just minutes from Pigeon Forge, Gatlinburg, Sevierville, Dollywood, and Soaky Mountain Waterpark, this area sits within the fastest-growing corridor of the Smoky Mountains region—a prime destination for development, restoration, or long-term investment. Property Overview: 121 Spring Street: 2-bedroom, 1-bath home in better condition, featuring city water, city sewer, a private well, and an actual natural spring. It also includes a detached garage and two storage sheds, ideal for equipment or workshop use. 141 Spring Street: 2014 manufactured home offering 4 bedrooms and 2 baths. This home is currently occupied and move-in ready, providing livable space while upgrades or redevelopment occur on the other parcels. Why Investors Will Love It: With strong infrastructure access (city utilities, detached storage, open land) and unmatched proximity to major Sevier County attractions, this property package is a blank slate for investors, developers, or those seeking multi-family living potential. While two of the three homes are not likely to qualify for conventional financing, this presents a perfect opportunity for cash buyers or creative financing investors ready to bring new life to this family estate. The Sevier County corridor is booming—with rising property values, tourism growth, and increasing demand for quality long-term housing—making this property an excellent candidate for renovation, expansion, or multi-parcel resale. Motivated sellers are ready to make a deal—this property is for sale but not on sale. Opportunities like this in the Sevier County market won't last!

Details

Home

Type
Residential Income
Year built
1997
Garage
2-car
Parking
Individual Carports, Detached, Off Street

Interior

Flooring
Carpet, Laminate, Vinyl

Exterior

Construction
Frame

Utilities

Heating
Central, Electric

Listing

MLS #
1328451
Status
Active
On market
266 days
Listed
Feb 4, 2026
Finances
Property tax
City + county
Inside city limits
HOA
None
No association dues

Price history

Feb 4, 2026
Listed
$599,900

Accepted

  • Cash
  • Conventional

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Location
Neighborhood
L P Yett Farm
County
Sevier
ZIP
37862

Drive times

  • Sevierville 10 min
  • Pigeon Forge 25 min
  • Douglas Lake 30 min
  • downtown Knoxville 45 min
  • Maryville 45 min
  • Morristown 45 min
Approximate, by road

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Listing courtesy of Jackson Real Estate & Auction. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1328451.