355/359 County Road 475, Etowah, TN 37331
Listing provided by: Barbara Ratledge · East Tennessee Properties, LLC
Source: East Tennessee REALTORS® MLS · MLS# 1349485
Listing last updated
About this home
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.
Facts & features
- Bathrooms: 0
- Heating: Central, Electric
- Cooling: Central Cooling
- Flooring: Laminate, Hardwood, Tile
- Windows: Windows - Aluminum
- Total interior livable area: 12,796 sqft
- Parking features: On Premise Parking, Carport, Detached
- Attached garage: No
- Dimensions: 24.25 ac
- Exterior features: Windows - Vinyl, Barn, Balcony
- Patio & porch: Porch - Screened, Porch - Enclosed, Porch - Covered
- Parcel number: 118 034.02 118 034.00
- Home type: Multi-Family
- Materials: Vinyl, Brick, Frame
- Year built: 1995
- County: McMinn County - 40
- MLS area: McMinn County - 40
- Region: Etowah
- Price: $1,500,000
- Price per square foot: $117/sqft
- Annual tax: $4,467.69
- Listing terms: FHA, Cash, Conventional
- Date on market: Jul 24, 2026
- Days on market: 0
- Status: Active
- MLS #: 1349485
Location
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