355/359 County Road 475
Etowah, TN 37331 · McMinn County
$1,450,000
$50,000 price cut · Sep 4
- Sq ft
- 12,796
- Built
- 1995
Listing courtesy of East Tennessee Properties, LLC · MLS #1349485
Description
Exceptional Multi-Family Investment Opportunity | 24.25± Acres | Multiple Income Streams | Event Venue Potential Rare opportunity to own a one-of-a-kind income-producing property situated on approximately 24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining established rental income, event space, and room for future expansion, this versatile property offers endless possibilities for investors and entrepreneurs alike. The property includes two single-family homes, an income-producing triplex (built in 1992), and an income-producing quadplex (built in 1995). The quadplex also features a community laundry room and a spacious lower-level event hall suitable for private gatherings, meetings, receptions, or special events. Additional improvements include an outdoor pavilion, amphitheater, and a peaceful creek bordering the rear of the property. The scenic setting offers mature trees, open green space, mountain views, and a retreat-like atmosphere that enhances its appeal for both residents and guests. Existing improvements provide multiple income streams while offering opportunities for future development, subject to local zoning and applicable approvals. Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center, corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery, long-term rental investment, multi-generational living, or organizational housing. Conveniently located near some of East Tennessee's most sought-after outdoor destinations, including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee National Forest, the property is surrounded by year-round recreation including hiking, trout fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an attractive destination for visitors and tenants alike. Properties offering this combination of acreage, multiple residential buildings, established rental income, event facilities, and natural beauty are rarely available. Whether you're expanding your investment portfolio, creating a hospitality destination, or seeking a unique property with multiple revenue opportunities, this exceptional offering is ready for its next chapter. Property Features Ï Approximately 24.25± acres (two parcels) Ï Two single-family homes Ï Income-producing triplex Ï Income-producing quadplex Ï Community laundry room Ï Lower-level event hall Ï Outdoor pavilion Ï Amphitheater Ï Creek along rear of property Ï Mountain setting Ï Multiple income streams Ï Expansion potential (subject to applicable approvals)
Details
Home
- Type
- Residential Income
- Year built
- 1995
- Living area
- 12,796 sq ft
- Parking
- On Premise Parking, Carport, Detached
Interior
- Rooms
- Family Room, Addl Living Quarter, Basement Rec Room, Bedroom Main Level, Split Bedroom
- Flooring
- Hardwood, Laminate, Tile
Exterior
- Construction
- Frame, Brick, Vinyl Siding
- Porch & patio
- Porch - Covered, Porch - Screened, Porch - Enclosed
- Other structures
- Shed(s)
Utilities
- Heating
- Central, Electric
Listing
- MLS #
- 1349485
- Status
- Active
- On market
- 96 days
- Listed
- Jul 24, 2026
Finances
- Property tax
- County only
- Outside city limits
- HOA
- None
- No association dues
- Price per sq ft
- $113
- 12,796 sq ft
Price history
- Sep 4, 2026
- Price cut
- $1,450,000 −$50,000
- Before
- Listed
- $1,500,000
Accepted
- Cash
- Conventional
- FHA
Instant pre-approval
Get pre-approved before you tour.
Answer a few quick questions about your income and expenses by phone, and get pre-approved on the spot.
- Takes 3 minutes
- No credit pull
- Fully automated
- Available 24/7
Location
- County
- McMinn
- ZIP
- 37331
Drive times
- Athens 20 min
- Cleveland 45 min
- Tellico Lake 45 min
Track this home
Don't miss a price drop.
It already dropped $50,000 on Sep 4. We'll email you when anything changes.
- Price drops
- Status changes
- Open houses
Similar homes
See allSearch by what you like here
Listing courtesy of East Tennessee Properties, LLC. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1349485.