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Active 96 days on market

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

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Call (865) 535-7119
Location
County
McMinn
ZIP
37331

Drive times

  • Athens 20 min
  • Cleveland 45 min
  • Tellico Lake 45 min
Approximate, by road

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Listing courtesy of East Tennessee Properties, LLC. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1349485.