830 Tennessee Ave
Etowah, TN 37331 · McMinn County
$300,000
- Sq ft
- 8,136
- Built
- 1920
Listing courtesy of Keller Williams · MLS #1354243
Description
ATTENTION INVESTORS! Start generating income from day one with FOUR currently rented residential units producing a combined $2,590 per month, PLUS two main-level commercial spaces offering additional income and value-add potential!
CURRENT RESIDENTIAL RENTAL INCOME: • Unit 1 - Studio - $600/month - Owner pays utilities • Unit 2 - 2 Bedroom - $695/month - Tenant pays utilities • Unit 3 - 1 Bedroom - $695/month - Tenant pays utilities • Unit 4 - Studio - $600/month - Owner pays utilities
TOTAL CURRENT RESIDENTIAL RENTAL INCOME: $2,590/MONTH!
The four apartments are located upstairs with a separate private entrance and are currently tenant occupied. The roof is approximately 5-6 years old, adding another attractive feature for investors looking for an established income-producing property.
But the opportunity doesn't stop with the residential income! The main level features TWO separate commercial retail spaces in a high-visibility corner location along the main strip in Etowah, near the historic train depot. These spaces offer tremendous flexibility and could potentially be used for retail, boutiques, antique shops, offices, service businesses, or other permitted uses.
Looking to increase the property's income potential even further? Explore leasing the commercial spaces, operating your own business from one while leasing the other, or consider reconfiguring portions of the commercial space to potentially create additional residential units. Buyers may also wish to explore zoning and possible residential conversion options with the City of Etowah.
With FOUR existing income-producing apartments, TWO commercial spaces, 4½ bathrooms, excellent visibility, established rental income, and opportunities to add additional revenue streams, this property offers exciting potential for both immediate income and future growth.
Buyer to verify zoning, permitted uses, potential conversions, rental information, utility information, square footage, and all information deemed important.
Tenant occupied upstairs. 24-hour notice required to show.
Details
Home
- Type
- Residential Income
- Year built
- 1920
- Living area
- 8,136 sq ft
- Parking
- Off Street
Interior
- Flooring
- Laminate, Vinyl
- Appliances
- Refrigerator, Range
Exterior
- Construction
- Brick, Steel Frame, Cement Siding
- Porch & patio
- Porch - Covered
Utilities
- Heating
- Central, Electric
Listing
- MLS #
- 1354243
- Status
- Active
- On market
- 55 days
- Listed
- Sep 3, 2026
Finances
- Property tax
- City + county
- Inside city limits
- HOA
- None
- No association dues
- Price per sq ft
- $37
- 8,136 sq ft
Price history
- Sep 3, 2026
- Listed
- $300,000
Accepted
- Cash
- Conventional
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Location
- County
- McMinn
- ZIP
- 37331
Drive times
- Athens 20 min
- Cleveland 45 min
- Tellico Lake 45 min
- Lenoir City 60 min
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Listing courtesy of Keller Williams. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1354243.