4532 E Lamar Alexander Pkwy, Walland, TN 37886
Listing provided by: Katelyn Bethmann · Greater Impact Realty
Source: East Tennessee REALTORS® MLS · MLS# 1356814
Listing last updated
About this home
A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains. Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities. Buyer to verify all information.
Facts & features
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Half bathrooms: 0
- Heating: Central, Forced Air, Propane, Electric
- Cooling: Central Cooling, Ceiling Fan(s)
- Included: Gas Range, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
- Flooring: Laminate, Hardwood, Vinyl, Tile
- Windows: Windows - Wood
- Basement: Walkout, Partially Finished
- Fireplaces: 1
- Total rooms: 8
- Total interior livable area: 1,320 sqft
- Parking features: Off-Street Parking, Attached, Detached, RV Parking, Main Level
- Attached garage: Yes
- Size: 5.39 acres · 234,788.4 sqft
- Features: Private, Wooded, Irregular Lot, Rolling Slope
- Exterior features: Windows - Vinyl
- Patio & porch: Porch - Screened
- View: Mountain View
- Parcel number: 060 086.00
- Home type: Single Family
- Property subtype: Single Family Residence
- Structure: Basement Ranch
- Architectural style: Traditional
- Materials: Vinyl, Brick, Frame
- Year built: 1957
- Sewer: Septic Tank
- Water: Public, Well
- Subdivision: Skinner
- County: Blount County - 28
- MLS area: Blount County - 28
- Region: Walland
- Has HOA: Yes
- Price: $555,000
- Price per square foot: $420/sqft
- Annual tax: $683.7
- Date on market: Sep 25, 2026
- Days on market: 0
- Status: Active
- MLS #: 1356814
Location
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