Listing provided by: Mike Yarbrough · Asset Realty Management, Inc.
Source: East Tennessee REALTORS® MLS · MLS# 1330884
Listing last updated
About this home
Exceptional opportunity to own a well-positioned six-unit apartment building in the growing community of Philadelphia, Tennessee. Situated on a quiet stretch of Patty Gap Road, this property offers strong income potential with the stability of multiple rental streams under one roof. The building features six well-designed residential units, each offering comfortable living spaces, functional layouts, and ample natural light. Tenants enjoy a peaceful setting with convenient access to nearby schools, shopping, and major commuting routes. Property highlights include: Six income-producing units On-site parking, low-maintenance exterior, desirable rural setting with easy access to nearby amenities and strong rental demand in the area Whether you're expanding your portfolio or seeking a solid multi-family investment, 221 Patty Gap Road delivers dependable cash flow potential in a steadily developing market. This is an excellent opportunity to secure a multi-unit property in a quiet East Tennessee location with long-term upside. Don't miss this amazing investment opportunity.
Facts & features
- Bathrooms: 0
- Heating: Central, Electric
- Cooling: Central Cooling
- Included: Range, Refrigerator
- Flooring: Laminate, Vinyl
- Parking features: Off-Street Parking
- Attached garage: No
- Dimensions: 250.82 X 177.65 IRR
- Parcel number: 114 06103 000
- Home type: Multi-Family
- Materials: Block, Frame
- Year built: 1993
- Security: Smoke Detector
- County: Roane County - 31
- MLS area: Roane County - 31
- Region: Philadelphia
- Price: $387,000
- Annual tax: $120.65
- Listing terms: Alternative, New Loan, Cash, Conventional
- Date on market: Feb 28, 2026
- Days on market: 128
- Status: Active
- MLS #: 1330884
Location
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