Multi Family Homes For Sale In Smoky Mountain - Smoky Mountain TN Real Estate

Excellent investment opportunity to own a fully tenant-occupied 5-unit townhouse property in a desirable, high-demand location. Each spacious unit features 2 bedrooms and 1.5 bathrooms with a functional townhouse-style layout that offers comfortable living and strong tenant appeal. With all five units currently occupied, this turnkey property provides immediate rental income and has a strong rental history. Conveniently located near shopping, restaurants, schools, and other everyday amenities, the property is well positioned for continued rental demand and long-term investment potential. Partial owner financing is available, offering qualified buyers additional flexibility when structuring the purchase. Don't miss this opportunity to add a stable, income-producing multifamily property with an established tenant base to your investment portfolio. Financial information is available upon request.

2861 Michigan Ave Rd Ne, Cleveland

$469,500

3510407 MLS ⋅ ACTIVE Status

Turnkey, income producing Nashville duplex approximately 3 miles from Downtown. An attractive opportunity for an experienced investor or an owner occupant looking to live in one unit while generating income from the other. Each side offers 2 bedrooms and 1 bathroom, providing two separate living spaces and a flexible 4 bedroom, 2 bath configuration. The property is professionally managed, with established operating systems already in place. One unit operates as a long term rental, while the other has been used as a furnished mid term rental. Preliminary, seller provided 2026 year to date figures report $41,000 in gross income and $30,264 in net operating income. Continue the current strategy or explore other leasing options to suit your investment goals, subject to existing leases, applicable regulations, and required approvals. Conveniently positioned near Ellington Parkway, Dickerson Pike, East Nashville, and Downtown Nashville, the location offers accessibility that helps support continued rental demand. Driveway parking, laundry equipment, and outdoor space add everyday convenience for residents. The appraisal and detailed 2026 YTD as well as 2025 operating statements are available in the MLS Media section. Additional property, lease, and financial information is available upon request. Please do not disturb occupants; all visits must be scheduled and approved in advance. Buyer and Buyer’s agent to independently verify square footage, financial information, expenses, leases, permitted uses, zoning, and all other information material to the purchase. Qualified buyers may be eligible for lender credit toward closing costs when financing through seller's preferred lender; lender terms and eligibility requirements apply. Ask your Realtor for details, or contact listing agent.

151 Dellway Dr, Nashville

$829,900

3509955 MLS ⋅ ACTIVE Status

Investor Alert — No HOA! Newly renovated, fully furnished property on over a full acre features two units, plus a converted basement - all with private entrances, offering flexibility for short- or long-term rentals. The larger unit has stairwell access to become a large 5-bedroom unit or can remain separate for additional income. Ideal for investors or owner-occupants looking to live in one unit while generating rental income from the others. Conveniently located near BNA, approximately 10 minutes from Downtown Nashville and Nissan Stadium, with easy interstate access. Features include Ring camera access, Sensi app-controlled HVAC, and timed exterior lighting. Owner-occupied STRP eligible.

340 Lawndale Dr, Nashville

$325,000

3509952 MLS ⋅ ACTIVE Status

Investors, take notice! 1012/1014 Hunt St, Winchester, TN! This new-construction duplex offers an excellent opportunity to add a modern, low-maintenance property to your portfolio in a convenient Winchester location. Each unit features 2 bedrooms and 2 full bathrooms, an attractive floor plan for renters seeking comfortable, functional living space. Both units offer desirable modern finishes, including LVP flooring, custom cabinets, and private patios. New construction means today's finishes and fewer immediate maintenance concerns, making this property an appealing option for both seasoned investors and those looking to expand their rental portfolio. Conveniently located just minutes from downtown Winchester, Nissan, shopping, dining, and other everyday amenities, the property offers easy access to Nissan and other lifestyle destinations—an important advantage for attracting and retaining tenants. With two separate units, modern construction, desirable 2BR/2BA layouts, and a convenient location, this duplex presents a strong opportunity for investors seeking a turnkey-style rental property in the Winchester market. Some photos have been virtually enhanced to completion for illustrative purposes only. Actual photos are also included. Final finishes and details may vary. Buyer/buyer’s agent to verify all pertinent information.

1012 Hunt St, Winchester

$310,500

3509953 MLS ⋅ ACTIVE Status

Investors, take notice! 112/114 Short St Winchester, TN! This new-construction duplex offers an excellent opportunity to add a modern, low-maintenance property to your portfolio in a convenient Winchester location. Each unit features 2 bedrooms and 2 full bathrooms, an attractive floor plan for renters seeking comfortable, functional living space. Both units offer desirable modern finishes, including LVP flooring, custom cabinets, and private patios. New construction means today's finishes and fewer immediate maintenance concerns, making this property an appealing option for both seasoned investors and those looking to expand their rental portfolio. Conveniently located just minutes from downtown Winchester, Nissan, shopping, dining, and other everyday amenities, the property offers easy access to Nissan and other lifestyle destinations—an important advantage for attracting and retaining tenants. With two separate units, modern construction, desirable 2BR/2BA layouts, and a convenient location, this duplex presents a strong opportunity for investors seeking a turnkey-style rental property in the Winchester market. Some photos have been virtually enhanced to completion for illustrative purposes only. Actual photos are also included. Final finishes and details may vary. Buyer/buyer’s agent to verify all pertinent information.

112 Short St, Winchester

$359,900

3506011 MLS ⋅ ACTIVE Status

Great location in the heart of Hermitage. Large 1000 sq foot units. Perfect for investor or starting out with income potential.

1004 Rachels Square Dr, Hermitage

$687,739

3501414 MLS ⋅ ACTIVE Status

Great Investment Opportunity!!! Renovated Quadruplex with attached garage and work shop. Separate 40 x 40 12'H garage. Owner used workshop and garages for personal use. Units leased for 1,200 mo. in 2025. Three units vacant, one occupied w/tenant rights. Renovations: New carpet in bedrooms (existing ceramic floors in common areas) One unit has new LVP flooring throughout. Fresh paint in all units. New interior doors in all units. New appliances, kitchen base cabinets, counter tops and fixtures. Bathrooms have new sinks and vanities, toilets and tub/shower combo's. One unit has glass enclosed shower. Property sits on 1.3 acres. Newly paved right-away to spacious parking area. Huge yard with mature trees next to a creek. This one level Quad truly has the home like feel. With the renovations, workshop and garages, you set your income!!

5542 Clemons Rd, Chattanooga

$550,000

3501019 MLS ⋅ ACTIVE Status

Seize a premier investment opportunity in the heart of Clarksville with this meticulously maintained 4 unit complex. Built in 2009 and located on a prominent lot within the established Oak Arbor subdivision, offering a robust addition to any portfolio, boasting a reported NOI of $46,000 and a design centered on long term tenant appeal. Roof was recently replaced in 2023, providing a crisp look and solid protection for years to come. The interiors are designed for durability and comfort, featuring a practical mix of luxury vinyl, carpet and tile flooring. Every unit comes fully equipped with a comprehensive appliance package including a refrigerator, oven/range, microwave, and dishwasher along with the added convenience of an in unit washer and dryer. This 3,680 square foot multi family property consists of four townhome style units each with 2 beds, 1.5 baths and storage. The location is a major driver for consistent occupancy. Situated with easy access to major commuter routes with Interstate 24 nearby, the property is positioned near major employment hubs and local staples, including Fort Campbell and Austin Peay State University. A wealth of shopping and dining options are just minutes away, ensuring the area remains a top choice for those seeking a well connected lifestyle. With ample parking on site and a turn key infrastructure, this property is primed for the investor looking for stability and performance in one of Tennessee’s most dynamic markets.

808 Oak Arbor Ct, Clarksville

$550,000

3501008 MLS ⋅ ACTIVE UNDER CONTRACT Status

Roof replaced in 2023

812 Oak Arbor Ct, Clarksville

$550,000

3501189 MLS ⋅ ACTIVE Status

INVESTMENT OPPORTUNITY IN GALLATIN! Rare opportunity to purchase two income-producing properties located side-by-side within the Gallatin city limits. This package includes a manufactured home on a permanent foundation that was placed on the property within the last year and has been completely remodeled, offering a fresh, like-new interior and low-maintenance appeal. The adjoining property features a duplex with both units also completely remodeled and updated throughout. All units are currently leased, providing immediate cash flow from day one. With multiple rental units, extensive recent renovations, and an established tenant base, this property offers an excellent opportunity for an investor looking to add a stabilized, income-producing asset to their portfolio. Convenient Gallatin location with easy access to shopping, dining, schools, and major roadways. Strong rental potential and no immediate improvements needed make this a great long-term investment opportunity. Properties are being offered together. Please do not disturb tenants or attempt to access the properties without a confirmed appointment. 227 A&B E. Park Ave and also 223 E. Park Ave are the addresses included in this sale.

227 E Park Ave, Gallatin

$950,000

3500803 MLS ⋅ ACTIVE UNDER CONTRACT Status

8 unit multi-family town house complex with great rental history. Located just off the Tiny Town corridor with easy access to Ft. Campbell and I-24, this investment opportunity is ideal for savvy investors, beginners, or investment groups looking to add to their portfolio! Currently professionally managed with historical data available for review.

2450 Caroline Dr, Clarksville

$699,000

3499724 MLS ⋅ ACTIVE Status

Three streams of income today... room for so much more tomorrow. Discover the perfect blend of immediate cash flow and unlimited future potential with this one-of-a-kind commercial investment opportunity in Rutledge, Tennessee. Situated on 33.04 gated acres, this unique property includes three income-producing tiny homes, each currently occupied by long-term tenants, providing instant rental revenue from day one. Beyond the existing income, the possibilities are nearly endless. A logging road winds throughout the mostly wooded property, making it easy to explore the land and envision its future. Whether you're looking to expand the current rental portfolio, create a tiny home community, develop additional homesites, establish a private retreat, or simply invest in East Tennessee land, this property offers the space and flexibility to bring your vision to life. Dreaming of a homestead? This property offers the privacy, acreage, water features, and infrastructure to create your own self-sufficient lifestyle. Looking for a multigenerational family compound? With three existing residences and ample room for additional homes, it's an ideal setting for keeping loved ones close while still allowing everyone their own space. A carport/workshop with electricity and water is already in place and is positioned near a generous area of level ground, creating an ideal location for another home, guest house, workshop, or future expansion. Enjoy the peaceful setting complete with a private pond, mature timber, established logging roads, and the security of a gated entrance. Income-producing properties with this much acreage and development potential are increasingly rare. Whether you're an investor seeking immediate returns, a family searching for room to grow together, or someone ready to embrace the homesteading lifestyle, this exceptional property offers an opportunity that's difficult to duplicate.

8668 Lakeshore Dr, Rutledge

$325,000

3421287 MLS ⋅ ACTIVE Status

Investor Alert! This all-brick triplex is a fantastic opportunity to expand your portfolio or jump-start your real estate investment journey. Unit B is vacant, making it an ideal option for a VA buyer looking to offset their mortgage by living in one unit while generating rental income from the others. Units A and B each offer 1 bedroom and 1 bathroom, while Unit C features a 2 bedrooms and 1 bathroom plus a brand new hot water heater. Property highlights include separate electric and water meters for each unit (3 water meters total), vinyl replacement windows, hardwood floors, appliances included, and stackable washer/dryer hookups. Brand new federal pacific electrical panels. Conveniently located just minutes from Fort Campbell, schools, shopping, and dining.

88 W Fork Dr, Clarksville

$1,069,900

3336385 MLS ⋅ ACTIVE Status

Pre-sale on this upcoming quadruplex! Lock it in now! Presenting an exceptional investment opportunity with this brand-new quadruplex, thoughtfully designed for modern living. These townhomes offer Craftsman-style exteriors and are designed for comfort, style, and easy living. Each of the four spacious units boasts 3 bedrooms, 2.5 bathrooms, and top-tier finishes throughout. The kitchens are equipped with stainless steel appliances, elegant soft-close cabinets, and durable LVP flooring that flows seamlessly through the main living spaces. Each unit also includes an attached 2-car garage for added convenience. Situated within walking distance of local grocery stores, dining, and shopping, Arbor Hills is also ideally located near major highways, allowing for quick, efficient travel to work. The property is part of a well-maintained community with an HOA that covers all landscaping and includes plans for a future community pool, enhancing both value and tenant appeal. Current market rents are strong, averaging $1,900 to $2,100 per month per unit, providing an attractive income stream. The property is connected to a sewer system, ensuring low-maintenance operations. Don't miss this opportunity to secure a high-quality, low-maintenance investment with impressive returns. If under contract prior to completion, builder will allow buyer to choose from a selection of finishings. Come be a part of the experience, we would love to have you.

1802 Arbor Hills Dr, Cleveland

$919,000

3336372 MLS ⋅ ACTIVE Status

An investment opportunity with a view! Located on historic Missionary Ridge, this tenant-occupied quadplex overlooks downtown Chattanooga and the surrounding mountains. All four units are furnished, and the property is conveniently located near downtown, hospitals, restaurants, and shopping. Whether you're expanding your portfolio or looking for your next investment, 549 S Crest Road offers rental potential in a memorable setting. Schedule your showing today!

549 S Crest Rd, Chattanooga

$860,000

3336102 MLS ⋅ ACTIVE Status

Great opportunity to own a 100% occupied 6 unit on a quiet street in Ashland City. Located just off Highway 12 S, the property gives tenants easy access into both Clarksville and Nashville as well as into Ashland City's core. All units include W/D hookups and have been updated on some level since the owner purchased it. New gutters and fascia installed within the last 2 months. Water heaters and HVACs replaced as needed. No showings without at least an LOI in hand.

138 Hibiscus Dr, Ashland City

$299,500

3320630 MLS ⋅ ACTIVE Status

Three rentals on gorgeous country property. One tiny home, and one cabin close to parks, Brimstone recreational outdoor facilities and Big South Fork National parks. Both properties are rented but can be used as a vacation property for new owners. Leases available upon request.

5704 Scott Hwy, Robbins

$900,000

3317245 MLS ⋅ ACTIVE Status

Turnkey Luxury Cabin | Proven $100K+ Annual Rental | Fully Furnished Welcome to 519 Edgewood Drive, a modern luxury chalet located in the highly desirable Chalet Village North just minutes from Downtown Gatlinburg, Ober Mountain, and the Great Smoky Mountains National Park. Built in 2020, this property offers the ideal blend of upscale mountain design, guest-favorite amenities, and a documented history of strong short-term rental performance, generating over $100,000 annually with repeat guests and consistent five-star reviews. This spacious 2-bedroom, 2.5-bath cabin features over 2,100 square feet across three thoughtfully designed levels. The main living area showcases soaring vaulted ceilings, exposed beams, oversized windows, and a dramatic floor-to-ceiling stone electric fireplace, creating an inviting mountain-modern atmosphere. The open kitchen is equipped with granite countertops, stainless steel appliances, custom cabinetry, and flows seamlessly into the dining and living spaces—perfect for entertaining groups. Both bedrooms are generously sized and include private en-suite baths and direct access to covered decks, offering privacy and comfort for guests. The lower level features a second living area and game room with an additional electric fireplace and opens to a large covered deck with a hot tub, one of the most sought-after amenities in the Smokies. In total, three covered decks provide multiple outdoor living spaces and seasonal Smoky Mountain views. Located on easy, year-round access roads with no steep climbs, this property is especially appealing to rental guests and owners alike. The cabin is being sold fully furnished and beautifully appointed, making it truly turnkey for continued short-term rental use. Existing bookings may convey, allowing for immediate income upon transfer. Chalet Village owners and guests enjoy access to clubhouses, swimming pools, and tennis courts, all while benefiting from low HOA dues, low Sevier County prop

519 Edgewood Dr, Gatlinburg

$949,900

3314717 MLS ⋅ ACTIVE Status

Rare opportunity to own four newer homes on 10± acres with immediate income potential! Built within the last 1–4 years, each home offers 3 bedrooms, 2 bathrooms, and its own separate septic system, water meter, and electric meter for simple management. Three homes are currently occupied with tenants, while the fourth is vacant and ready to lease or occupy. Designed for low-maintenance ownership, this property is an excellent fit for investors looking to expand their rental portfolio or complete a 1031 exchange. A property manager is already in place and can continue managing the property after closing, or you can choose to self-manage. Opportunities like this are hard to find—multiple newer rental homes on one tract with strong income potential and minimal upkeep.

259 Jim Warren Rd, Mcminnville

$424,999

3314625 MLS ⋅ ACTIVE UNDER CONTRACT Status

Discover endless possibilities in the highly sought-after Pittman Center community. This versatile mountain property is ideal as a short-term rental, long-term investment, multi-generational home, or private residence. Designed for flexibility, the home features two fully equipped living levels, each with a private entrance, two bedrooms, a full kitchen, and comfortable living space. This thoughtful layout offers excellent rental potential while providing plenty of room for extended family and guests. Tucked away in a peaceful, private setting, the property showcases beautiful views of the Great Smoky Mountains and offers the authentic East Tennessee mountain lifestyle buyers are seeking. Enjoy the serenity of the mountains while remaining just minutes from Gatlinburg, Pigeon Forge, local dining and entertainment, and Great Smoky Mountains National Park. An added bonus is the reinforced concrete bunker room with a secure steel door, providing valuable storage, safety, or creative-use potential. Whether you're looking for an investment property, vacation getaway, or full-time mountain retreat, this home offers exceptional value and opportunity in one of East Tennessee's most desirable locations

2912 Kettle Creek Way, Sevierville

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Multi Family Homes for Sale in Smoky Mountain TN

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