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

Income-Producing Investment Opportunity! Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home renting for $800 per month. Situated along the river, this property offers direct access to excellent fishing and a peaceful natural setting that appeals to both long-term tenants and short-term vacation guests. Investors may choose to continue the current long-term rental operation or explore the potential for vacation rentals, Airbnb cabins, corporate housing, or other income-producing ventures, subject to local regulations and approvals. Whether you're looking to expand your investment portfolio or own a versatile riverside property with established income and future upside, this one-of-a-kind opportunity is not to be missed. Schedule your private showing today and discover the possibilities this exceptional property has to offer. Cabins are zoned commercial. Buyer to verify all pertinent information.

5551 River Rd, Decatur

$1,800,000

3279199 MLS ⋅ ACTIVE Status

SVN | Accel Commercial Real Estate is pleased to present 303 Flats, a 28-unit multifamily investment opportunity located at 303 S. Poplar Street in Paris, Tennessee. This substantially renovated asset presents investors with the opportunity to acquire a well-positioned apartment community featuring immediate in-place cash flow, strong occupancy, and continued upside through lease-up and future rent growth. Situated on 0.784 acres, 303 Flats encompasses approximately 16,876 square feet, including 15,750 sf of residential space across 28 units. The property's diverse unit mix consists of (13) studio units, (10) one-bedroom/one-bathroom units, (4) two-bedroom/one-bathroom units, and (1) two-bedroom/one-and-one-half-bathroom unit. The remaining square footage includes an on-site office, maintenance area, and laundry facilities. Currently 93% occupied, the property offers investors an opportunity to increase occupancy and further enhance cash flow. Ownership has completed an extensive renovation program across 25 of the property's 28 units, investing in new flooring, cabinets, appliances, lighting fixtures, trim and baseboards, ceiling fans, bathroom vanities, and interior paint. Significant exterior and capital improvements include fresh exterior paint, a newly paved parking lot, and approximately $20,000 in foundation repairs, creating a highly attractive, low-maintenance investment opportunity with limited near-term capital expenditure requirements. The sale includes 3 parcels, including two land parcels located behind the existing building.

303 S Poplar St, Paris

$3,599,997

3276724 MLS ⋅ ACTIVE UNDER CONTRACT Status

Exceptional Income-Producing Investment Opportunity! This well-maintained 36-unit apartment community is ideally located in the heart of Martin, Tennessee, just 1.2 miles from the University of Tennessee at Martin. Positioned in a thriving college town with strong, consistent rental demand, this property offers an outstanding opportunity to expand or strengthen your investment portfolio. The complex features thirty-six 2-bedroom, 1-bathroom units, each equipped with convenient washer and dryer hookups. Significant capital improvements have been completed within the past 12 months, including new roofs on Buildings A, D, E, H, and J, renovations to 16 units, and the replacement of all rear decks across the property. With a local, experienced property manager who is willing to remain in place after the sale, the new owner can benefit from a seamless transition and continued professional management. Whether you're seeking stable cash flow, long-term appreciation, or a value-add investment in a desirable university market, this property is an opportunity you won't want to miss.

587 Baker Rd, Martin

$969,306

3276572 MLS ⋅ ACTIVE Status

3 all brick duplexes located in Lyles, TN. All units feature an identical two bedroom, one and a half bath townhome-style layout with bedrooms and a full bath upstairs. Spacious living room, kitchen, utility area and half bath on the main level. Long term durability and low maintenance cost. Weekly rental collection. Long term tenants. Great location to travel to Columbia, Dickson, Centerville or Nashville. Includes lots 3, 4, 5(field lines vacant), and 6. Four separate parcels. 10092-10094 Sneed Pt, Lot 3; 10104-10106 Sneed Pt Lot 4; Vacant Lot 5; 10116-10118 Sneed Pt Lot 6.

10116 Sneed Pt, Lyles

$1,225,000

3276579 MLS ⋅ ACTIVE Status

10 unit multifamily investment located in a quant town of Vanleer. Well maintained. 9 units of 1 bed, 1 bath; 1 unit 2 bed, 1 bath. Weekly rentals, currently providing utilities (water and electric, gas/ water heater). Cash Flow with long term tenancy. Occupancy is at 100%, due to a strong workforce and affordable housing units local to Dickson, Clarksville, Erin, Cumberland City, and Waverly. Small town apartment complex. 40% on Housing Authority, 60% Private.

4819 Hwy 49 W, Vanleer

$849,830

3276568 MLS ⋅ ACTIVE Status

5-unit multi-family, Includes 2 front duplexes with two bedrooms and one bath, and a single-family home with 2 bedrooms and 1 bath. Each unit pays their individual electric utility bill. The owner pays water for all units. Very well maintained property. Owner has a maintenance man that knows all apartments very well and willing to work for new buyer.

5608 Hwy 48 N, Dickson

$834,308

3276563 MLS ⋅ ACTIVE Status

The Meadows, 6 units, consisting of 5 one-bedroom, one-bath units and a 2-bedroom and one-bath house behind. Very close to the Piney River Canoe Camp. Great for family adventure and fun at your back door. County Living at its best. Restaurant and groceries 10 minutes to Centerville. Dickson 20 minutes, Fairview 30 minutes . Great place to rent. Owner has a maintenance man that knows the property well and will work for new buyer. House tenant pay

4921 Hwy 48 N, Nunnelly

$400,000

3272040 MLS ⋅ ACTIVE Status

Excellent investment opportunity! This spacious two-story duplex is fully occupied with long-term, reliable tenants who pay on time, providing immediate rental income from day one. Each unit offers 3 bedrooms and generous living space, making this an attractive property for both investors and tenants alike. The upstairs unit underwent a complete renovation in 2021 and features extensive upgrades throughout, including a new HVAC system, new roof, updated plumbing and electrical, all new drywall, cabinetry, granite countertops, flooring, appliances, fixtures, and much more. The property has been significantly improved, offering peace of mind with many of the major systems already updated. Please note: The photos included in this listing are interior photos of the downstairs unit and do not reflect the extensive 2021 renovation completed in the upstairs unit or many of the property's major improvements. Updated photography will be provided as available. Tenant Occupancy: Both units are occupied. Please do not disturb the tenants, walk the property, knock on doors, or attempt to access the premises without a scheduled appointment and confirmation from the listing agent. All showings must be coordinated through the listing agent and require adequate notice.

134 Eastover St, Gallatin

$1,115,000

3270183 MLS ⋅ ACTIVE Status

This well-designed quadraplex features four spacious units, including two end units with 3 bedrooms and 2.5 bathrooms, each offering approximately 1,835 square feet, and two interior units with 2 bedrooms and 2.5 bathrooms, each with approximately 1,450 square feet. Every unit includes a private back deck off the kitchen, providing a great space to relax or entertain. The low-maintenance exterior features brick on the sides with an attractive combination of brick and Hardie board on the front. Inside, the main living areas and bathrooms are finished with durable luxury vinyl plank (LVP) flooring, while the bedrooms and stairs are carpeted for added comfort. Each kitchen is equipped with granite countertops and stainless steel appliances. The oversized one-car garage is located at the rear of the building and offers convenient direct access into each unit. The lower level includes a versatile bonus room that can serve as a home office, playroom, guest space, or additional living area to fit your needs. The HOA fee covers lawn care, exterior and roof maintenance, insurance for the building exterior and common areas, and contributions to the reserve account. Conveniently located just minutes from downtown Clarksville, Fort Campbell, and I-24, this property offers easy access for commuters while providing comfortable, low-maintenance living.

500 Peachers Mill Rd, Clarksville

$554,900

3269447 MLS ⋅ ACTIVE Status

Modern Duplex Investment Opportunity in the Heart of Buena Vista! Built in 2020, 1520 16th Ave N is a beautifully built duplex that combines modern finishes, thoughtful layout, and an unbeatable Nashville location. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers exceptional value. Each spacious unit features soaring ceilings, an open-concept layout, and 2 full bathrooms, including a private en suite bathroom in the primary bedroom. The kitchens are equipped with stainless steel appliances, while stackable washers and dryers add everyday convenience. Durable wood laminate flooring, keyless entry, and contemporary finishes throughout create a stylish, low-maintenance living experience. Step outside to enjoy a privacy-fenced backyard, offering added discretion and outdoor space, along with additional off-street parking—a valuable amenity in this rapidly growing neighborhood. Perfectly positioned in the sought-after Buena Vista neighborhood, you'll be just 5 minutes from Fisk University, Tennessee State University (TSU), the beloved Slim & Husky's Pizza Beeria, and quick access to the I-40/I-65 interchange. Plus, you're only 10 minutes from both Germantown and Downtown Nashville, placing restaurants, entertainment, and major employers within easy reach.

1520 16th Ave N, Nashville

$299,900

3269438 MLS ⋅ ACTIVE Status

*Calling all Investors- PRICED $20,000 UNDER COMPS* Duplex for sale in heart of Gallatin. Great location close to the square. Fully rented. Contact agent for details.

317 Cemetery Ave, Gallatin

$489,900

3268487 MLS ⋅ ACTIVE Status

Rare opportunity to own a nearly new, high-end duplex built in 2023. The property features two beautifully finished 2-bedroom, 2-bath units, each offering 888 square feet of modern, efficient living space with an attached one-car garage. Both units are thoughtfully designed with open-concept layouts, upscale finishes, modern kitchens, and spacious bedrooms with private baths. One unit is currently leased on a month-to-month basis at $1,800/month, while the 2nd unit is rented for $1,600/month with a year lease Located just minutes from downtown Winchester, shopping, restaurants, and Tims Ford Lake, this property offers the perfect blend of quality construction, strong rental demand, and long-term appreciation potential. A rare chance to acquire a newer construction duplex in a market with very limited multi-family inventory.

65 Duncan Ln, Winchester

$375,000

3265785 MLS ⋅ ACTIVE Status

Located in the heart of Rogersville, Tennessee, this exceptional investment opportunity features a well-maintained 5-unit apartment complex with an additional on-site storage unit. The property offers a desirable unit mix consisting of two 1-bedroom, 1-bath apartments and three 2-bedroom, 1-bath apartments, appealing to a wide range of tenants. Each unit includes convenient washer and dryer hookups, providing added value and everyday convenience for residents. Situated in the center of town, tenants enjoy easy access to shopping, dining, schools, healthcare, and major employers, making this a highly attractive rental location. Whether you're looking to expand your investment portfolio or own a reliable income-producing property in a growing East Tennessee community, this apartment complex offers strong rental potential in a prime location.

1645 E Main St, Rogersville

$1,900,000

3261932 MLS ⋅ ACTIVE Status

https://pineviewmobilehomeparks.sharplaunch.com/ MRG is pleased to present the Pineview MHP Portfolio, a 52-pad manufactured housing portfolio spanning five properties across Phenix City, Alabama, and Ellaville, Georgia. This portfolio offers a compelling combination of immediate in-place cash flow and significant value-add potential through the lease-up of vacant pads and the opportunity to increase below-market rents over time as units turn. Recent capital improvements have reduced near-term deferred maintenance needs, allowing a new owner to focus on operational execution and revenue growth. Spanning two states, the portfolio provides geographic diversification while offering an attractive basis for a multi-property acquisition with both stable income and meaningful upside. Value-add lease-up opportunity — approximately 10 of 52 pads are currently vacant or under-utilized, offering meaningful upside as they're brought online Wide rent spread across occupied units ($350–$1,150/month) signals room to push below-market rents up to comps at turnover or renewal Attractive basis at roughly $41,300 per pad and ~7x gross rental income — a low entry point for a 52-pad, 5-property portfolio Trash expenses are now being billed back to the tenant. Recent capital investment in septic systems, roofing, plumbing, road work, and unit renovations reduces near-term deferred maintenance risk Two-state, two-submarket footprint (Phenix City, AL and Ellaville, GA) spreads geographic and regulatory risk beyond just tenant-level diversification call drew lekowski for details 615-522-3973

863 Lee Road 234, Phenix City

$635,000

3261138 MLS ⋅ ACTIVE Status

Rare 10-pad mobile home community on US Highway 41 in Kimball, TN.100% occupied and priced at a 10.9% cap rate on trailing 2026 performance. This income-producing manufactured-home park sits three miles from Interstate 24 and roughly 35 minutes from Chattanooga, on the main commercial corridor through Marion County. The numbers are real, not projected. Through the first six months of 2026 the community collected $45,640 against $13,003 in operating expense, an annualized run rate of $69,296 net operating income at the $635,000 asking price. Seven park-owned and three tenant-owned homes fill all ten pads; five of the seven park-owned homes carry twelve-month leases. Tenants pay their own electric, natural gas, and garbage on direct-billed accounts, with municipal master-meter water and on-site septic. Current ownership has invested roughly $175,000 since 2023: four 40-year metal roofs, full PEX plumbing retrofits, metal underpinning across all park-owned homes, professional mold remediation, and interior rehabilitation. The 2026 capital program is substantially complete, including septic drainage correction and surface-water grading. Property insurance was recently reduced to $1,869 per year. Marion County property taxes run about $1,939 annually, and Tennessee has no state income tax. Seller financing is available to qualified buyers at $650,000. An owner who self-manages lifts the cap rate to 12.2%. Full financials, leases, ALTA title commitment, and vendor invoice history are on file for an expedited 15-day due diligence and a target close within 25 days. Buyer to verify all information.

1841 Main St, Jasper

$1,900,000

3260288 MLS ⋅ ACTIVE Status

MRG is pleased to present the Pineview MHP Portfolio, a 52-pad manufactured housing portfolio spanning five properties across Phenix City, Alabama, and Ellaville, Georgia. This portfolio offers a compelling combination of immediate in-place cash flow and significant value-add potential through the lease-up of vacant pads and the opportunity to increase below-market rents over time as units turn. Recent capital improvements have reduced near-term deferred maintenance needs, allowing a new owner to focus on operational execution and revenue growth. Spanning two states, the portfolio provides geographic diversification while offering an attractive basis for a multi-property acquisition with both stable income and meaningful upside. alue-add lease-up opportunity — approximately 10 of 52 pads are currently vacant or under-utilized, offering meaningful upside as they're brought online Wide rent spread across occupied units ($350–$1,150/month) signals room to push below-market rents up to comps at turnover or renewal Attractive basis at roughly $41,300 per pad and ~7x gross rental income — a low entry point for a 52-pad, 5-property portfolio Trash expenses are now being billed back to the tenant. Recent capital investment in septic systems, roofing, plumbing, road work, and unit renovations reduces near-term deferred maintenance risk Two-state, two-submarket footprint (Phenix City, AL and Ellaville, GA) spreads geographic and regulatory risk beyond just tenant-level diversification

120 Pine Cir, Ellaville

$269,900

3259717 MLS ⋅ ACTIVE Status

PRICE IMPROVEMENT! -This versatile riverside cabin, situated on the bank of the Duck River, works well as a duplex or as a single family home (see also MLS 3232509). It has a living quarters on either end, separated by a long deck, complete with a bar. Put your boat in and fish in one of the most diverse rivers in the USA! It is perfectly suited to relaxing and entertaining, making it a great getaway retreat, OR, use it as an investment property - live in one end and rent the other, or rent both units!

1101 W Jackson St, Shelbyville

$445,000

3247947 MLS ⋅ ACTIVE Status

Great opportunity to own a full duplex in Clarksville’s Happy Hollow subdivision, with both units included in the sale. Each side offers 3 bedrooms, 2 bathrooms, and a well designed floor plan with modern finishes and comfortable living spaces throughout. The main level features an open living, dining, and kitchen area with durable wood look flooring, neutral colors, and plenty of natural light. Each kitchen is finished with white cabinetry, granite countertops, black appliances, and a large center island with bar seating, making the space both stylish and functional. The primary bedroom is located on the main floor in each unit and includes a walk in closet and private bath with granite countertops and a tub/shower combo. Upstairs, you'll find two additional bedrooms, a full bath, and a dedicated laundry room complete with washer and dryer. Each unit also features a back deck overlooking the surrounding greenery, offering a peaceful outdoor space to unwind. An oversized parking pad provides generous off street parking for residents and guests. Whether you're searching for an investment property, a multi generational setup, or the chance to live in one unit while renting the other, this duplex offers flexibility, space, and strong potential in a convenient Clarksville location.

906 E Happy Hollow Dr, Clarksville

$414,900

3251294 MLS ⋅ ACTIVE Status

This well-maintained duplex offers excellent investment or milt - generational living opportunity in convenient Bradley County location. Built in 2002, the property features two mirror- image units, each 2 bed, 2 bath, providing comfortable, functional layouts ideal for renters, families, or owner- Occupants. Each spacious unit measures approximately 1,130 square feet and includes a one- car garage, offering secure parking and additional storage. The side- by- side configuration ensures privacy while maximizing efficiency. Located in northwest Cleveland, the property sits near schools, shopping, dining, and major routes for easy commuting to Chattanooga or other nearby areas. The established neighborhood offers a quiet, residential feel with good access to community amenities. Whether you're seeking a turnkey income- producing duplex or spacious home with rental income to offset your mortgage, 2788 Hillview Drive delivers solid bones, functional design, and versatile living options in a desirable Tennessee location. This property represents a smart addition to any real estate portfolio.

278 Hillview Dr Nw, Cleveland

$490,000

3251196 MLS ⋅ ACTIVE Status

Brand NEW Construction in the Heart of North Clarksville Featuring TWO FULLY independent CONDOS. Each Condo offers 3 Bedrooms, 2.5 Baths and Outside Deck. Custom Designed throughout. Whether you’re seeking rental income ~ Live in one unit and lease the other long term or short term through Airbnb, or maximize income potential with leasing out both units long term or Mid term! Ideally located - just minutes from Ft Campbell and downtown Clarksville. A truly unique opportunity to own a turnkey property in one of Clarksville’s fastest-growing neighborhoods. Call us today for a PRIVATE TOUR.

407 Cook Dr, Clarksville

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Multi Family Homes for Sale in Smoky Mountain TN

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