355/359 County Road 475, Etowah, TN 37331

New Listing

$1,500,000

Property Type: Multi-Family Square Footage: 12,796 Status: Active

Current Price: $1,500,000 List Date: 7/24/2026 Last Modified: 7/26/2026

Overview

Description

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 atmosph ... (Read more) 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.

Supplements: Property Features Ï Approximately 24.25± acres (two parcels) Ï Two single-family homes Ï Income-producing triplex Ï Income-producing quadplex Ï Community laundry room Ï Lower-level event hall Ï Outdoor pavilion Ï Amphitheater Ï Creek along rear of property Ï Mountain setting Ï Multiple income streams Ï Expansion potential (subject to a ... (Read more)

Listing Details MLS# 1349485

Location Tax Legal Info

House #: 355/359
Street Name: County Road 475
State/Province: TN
Zip Code: 37331
PIN #: 118 034.02 118 034.00

Contract Info

Auction Y/N: No
Listing Price: 1500000

General Property Description

SqFt - Total (Aprox): 12796
Lot Dimensions: 24.25 ac
Number of Units: 9
Utilities/Mo Avg: 384.83
Year Built: 1995
Property Status: N/A
Driveway: Paved

Status Change Info

Status Change Date: 2026-07-24

Location, Tax & Legal Info

Area: McMinn County - 40
City/County Code: County
Elementary School: Mountain View
Middle School: Mountain View
Total Tax: 4467.69
High School: Central

Remarks & Misc

Directions: From the Athens Office - 521 Congress Parkway S (US-11) Head southwest on Congress Parkway S/US-11 for about 1 mile. Turn right onto TN-30 W (Decatur Pike) toward Etowah. Continue on TN-30 W for approximately 14 miles. As you approach Etowah, turn left onto TN-310 (Mecca Pike). Follow Mecca Pike for about 2 miles. Turn left onto County Road 475. Continue on County Road 475 for roughly half a mile, the property will be on the left. Estimated travel time: 30-35 minutes
Public Remarks: 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.

More Information

Property Sub-Type

Four Plex: Yes
Triplex: Yes
Other: Yes

Construction

Frame: Yes
Frame - Brick: Yes

Type of Units

2 Bedroom Unit: Yes
3 or more Bdrm Units: Yes
Unfurnished: Yes

Siding

Brick: Yes
Vinyl: Yes

Sale Includes

Building and Land: Yes
No Furnishings: Yes

Miscellaneous

Balcony: Yes
Porch: Yes
Porch - Screened: Yes
Washer/Dryer Cnctns: Yes

Cooling

Central Cooling: Yes

Floors

Hardwood: Yes
Laminate: Yes
Tile: Yes

Garage/Parking

Carport: Yes
Detached: Yes
On Premise Parking: Yes

Tenant Expenses

Cooling: Yes
Electricity: Yes
Heating: Yes
Telephone: Yes
Water: Yes

Owner Expenses

Advertising: Yes
Common Area Maintenance: Yes
Electricity: Yes
Gas: Yes
HVAC Maintenance: Yes
Insurance: Yes
Janitorial Service: Yes
Lawn Maintenance: Yes
Supplies: Yes
Taxes: Yes
Telephone: Yes
Trash Collection: Yes
Water: Yes

Fuel

Electric: Yes

Heat

Central: Yes

Appliances

None: Yes

Other Rooms

Addl Living Quarter: Yes
Basement Rec Room: Yes
Bedroom Main Level: Yes
Family Room: Yes
Split Bedroom: Yes
Other: Yes

Roof

Metal: Yes

Exterior Features

Balcony: Yes
Barn: Yes
Porch - Covered: Yes
Porch - Enclosed: Yes
Porch - Screened: Yes
Shed: Yes
Windows - Aluminum: Yes
Windows - Vinyl: Yes

New Financing

Cash: Yes
Conventional: Yes
FHA: Yes

Showing

See Agent Instructns: Yes

Property Features

Property Sub-Type: Four Plex; Triplex; Other Type of Units: 2 Bedroom Unit; 3 or more Bdrm Units; Unfurnished Sale Includes: Building and Land; No Furnishings Floors: Hardwood; Laminate; Tile Tenant Expenses: Electricity; Telephone; Water Owner Expenses: Advertising; Common Area Maintenance; Electricity; Gas; HVAC Maintenance; Insurance; Janitorial Service; Lawn Maintenance; Supplies; Taxes; Telephone; Trash Collection; Water Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: None Construction: Frame; Frame - Brick Roof: Metal Siding: Brick; Vinyl Exterior Features: Balcony; Barn; Porch - Covered; Porch - Enclosed; Porch - Screened; Shed; Windows - Aluminum; Windows - Vinyl Other Rooms: Addl Living Quarter; Basement Rec Room; Bedroom Main Level; Family Room; Split Bedroom; Other Miscellaneous: Balcony; Porch; Porch - Screened; Washer/Dryer Cnctns New Financing: Cash; Conventional; FHA Showing: See Agent Instructns

IDX

Listing Office: East Tennessee Properties, LLC

Last Updated: July - 26 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

355/359 County Road 475, Etowah, TN 37331 (MLS# 1349485)