355/359 County Road 475, Etowah, TN 37331

$1,500,000

355_old_mecca_pike_spur_etowah Floor pla

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

Current Price: $1,500,000 List Date: 7/24/2026 Last Modified: 8/03/2026

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

More Information

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: August - 03 - 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)