ETN .PROPERTIES
Back to search
Active 97 days on market

5551 River Road

Decatur, TN 37322 · Meigs County

$495,000

$105,000 price cut · Sep 19

Built
1977

Listing courtesy of East Tennessee Properties, LLC · MLS #1349183

Description

Income-Producing Investment Opportunity! Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home renting for $800 per month. Situated along the river, this property offers direct access to excellent fishing and a peaceful natural setting that appeals to both long-term tenants and short-term vacation guests. Investors may choose to continue the current long-term rental operation or explore the potential for vacation rentals, Airbnb cabins, corporate housing, or other income-producing ventures, subject to local regulations and approvals. Whether you're looking to expand your investment portfolio or own a versatile riverside property with established income and future upside, this one-of-a-kind opportunity is not to be missed. Schedule your private showing today and discover the possibilities this exceptional property has to offer. Cabins are zoned commercial. Buyer to verify all pertinent information.

Details

Home

Type
Residential Income
Year built
1977

Interior

Rooms
Bedroom Main Level, Mstr Bdrm Main Level
Flooring
Carpet, Laminate, Tile
Appliances
Refrigerator, Range

Exterior

Construction
Frame, Vinyl Siding

Listing

MLS #
1349183
Status
Active
On market
97 days
Listed
Jul 23, 2026
Finances
Property tax
County only
Outside city limits
HOA
None
No association dues

Price history

Sep 19, 2026
Price cut
$495,000 −$105,000
Before
Listed
$600,000

Accepted

  • Cash
  • Conventional

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
Call (865) 535-7119
Location
County
Meigs
ZIP
37322

Drive times

  • Athens 45 min
  • Watts Bar Lake 45 min
  • Cleveland 60 min
  • Crossville 60 min
  • Lenoir City 60 min
  • Tellico Lake 60 min
Approximate, by road

Track this home

Don't miss a price drop.

It already dropped $105,000 on Sep 19. We'll email you when anything changes.

  • Price drops
  • Status changes
  • Open houses

Only this home. Unsubscribe anytime.

Similar homes

See all

Search 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 # 1349183.