Smoky Mountain TN Multi Family Homes For Sale

Multi Family Homes for Sale in Smoky Mountain TN

814 Gracey Ave, Clarksville
$242,000
3123920 MLS ⋅ ACTIVE Status
Nice, clean, renovated duplex that's in good shape. Located close to downtown, Crossland Ave., and Madison Street. Each unit is currently rented out, with Byers & Harvey being the property management company. Very private backyard area with shade and treelined. Tenants pay all utilities with an excellent rent history. Contact the listing agent for more information.

814 Gracey Ave, Clarksville
900 Stratford Cir Nw, Cleveland
$660,000
3122252 MLS ⋅ ACTIVE Status
FOUR Units in Cleveland's Stratford Village. Consistent rental history. Well maintained, and conveniently located minutes to I75. Units 37, 38, 39, and 40 are being sold together. Each unit is a 2 story townhome measuring 1,084 square feet, featuring 2 bedrooms, 1.5 bathrooms. Contact Jeff Dodson for more information.

900 Stratford Cir Nw, Cleveland
4411 Alabama Ave, Chattanooga
$699,000
3116320 MLS ⋅ ACTIVE Status
Investment opportunity at the foot of Lookout Mountain in historic Saint Elmo! Originally built circa 1900, this home now has 4, one bedroom, one bath units - 2 up and 2 down - all with different floor plans and unique character. They all boast tons of charm and varying updates throughout, and the roof and gutters were replaced in April 2022. Each unit has nice sized rooms with a kitchen (3 have room for dining/eat-in), a living room, bedroom and a full bath. The units on the main level have direct access to the covered front porch, while the upper units have a secondary rear foyer with steps down to the front porch. This upstairs rear foyer also provides a great space for bicycles, etc. All of the units have their own HVAC units and are separately metered, and the owner pays for water/sewer. Tenants and their guests utilize the parking area in the back, and there is also a small patio area for grilling. There is a convenient laundry room on the back that the tenants share. Located approximately 10 minutes from downtown Chattanooga, these quaint and convenient units have remained consistently rented throughout the seller's ownership; however, two of the units have recently been vacated, and the seller is planning to leave them empty to so they can be shown. Showings of the other occupied units will only be allowed once there is a binding agreement in place so as to minimize disruption to the tenants. Zoned RN 1-5, the property could also be used as an owner-occupied STVR or bed and breakfast with the proper permitting. Please call for more information or to schedule a showing. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.

4411 Alabama Ave, Chattanooga
1233 Lischey Ave, Nashville
$2,390,000
3078879 MLS ⋅ ACTIVE Status
Incredible Investment Opportunity in East Nashville! This is your chance to purchase three turnkey short-term rental (STR) properties sold as a package OR INDIVIDUALLY—ideal for investors seeking a 1031 exchange or expanding their STR portfolio. These townhomes are NOO STR permit eligible (Non-Owner Occupied) with MUN-A zoning, and each one is fully furnished and professionally decorated. Simply bring in your property manager and start generating income immediately. Located at 1233 Lischey Ave, these units sit in a prime pocket of East Nashville, steps away from All People Coffee and Beverage Hall and less than 10 minutes to Downtown Nashville (or 12–15 minutes with traffic). You're also just 5 minutes from the heart of East Nashville's 5 Points district, with endless local dining, nightlife, and shopping options that keep guests coming back. Designed for maximum flexibility and revenue, these three townhomes are perfect for hosting large groups or events. Booked individually or together, they offer a unique edge in the STR market by catering to both solo travelers and larger parties. Don't miss this rare opportunity to own three income-producing properties in one of Nashville's hottest and fastest-growing neighborhoods.

1233 Lischey Ave, Nashville
106 Adkins St, Clarksville
$675,000
3068312 MLS ⋅ ACTIVE Status
Built in 2023, Great looking tri-plex that is fully rented. Rents for $1,300 per month and each unit has a 1 car garage.. Looking for investment property then this might be for you. Call for more information.

106 Adkins St, Clarksville
605 S Lake Dr, Oneida
$525,000
3058601 MLS ⋅ ACTIVE Status
Now this is something special! Come see what opportunity looks like in Oneida, TN—close to the golf course and airport. There are endless possibilities here! Imagine your own gigantic family facility, equipped with four efficiency apartments, two one-bedroom apartments, and a three-bedroom, two-bath main house. This could be your income-producing home base! All of this on 3.6 Acres, so there's lots of room for everyone to spread out and enjoy being on the Lake! The list of awesome features here could go on and on, but don't wait - call today for your personal showing! Attention INVESTORS! This could be a cash cow! With six rental units already in place, converting the main house into additional units would be easy, and overnight rentals would pose no problem. opportunity to be creative! Gross income projections as long-term rental $65,000-$84,000 per year, as STR $75,000-$100,000! Whatever your heart's desire, this is an amazing opportunity! Priced below tax appraisal! Call Today for your personal showing

605 S Lake Dr, Oneida
925 Ramsey St, Nashville
$6,600,000
3050658 MLS ⋅ ACTIVE Status
Owner/Agent. - RAMSEY ROW - A rare opportunity to acquire a top-performing 8-unit Non-Owner Occupied short-term rental complex in the heart of East Nashville — one of the city’s most exciting neighborhoods. Ramsey Row is a turnkey investment that delivers exceptional cash flow, consistent occupancy, and professional management in place (if desired). *89 Point Walk Score! 8 Townhomes - 30 bedrooms - 31 Bathrooms - Sleeps 92 guests!! The property includes 6 - 4 bed/4 bath units and 2 - 3 bed/3 3.5 bath units. The townhomes are fully furnished, professionally designed, uniquely branded, and optimized for operational efficiency. Each unit has an expansive rooftop and a 2 car garage. With a strong historical performance and upward revenue trends, this property offers immediate income and long-term potential in Nashville’s booming travel and tourist scene. Located just minutes from Downtown Nashville and East Nashville’s most desirable amenities, the property attracts steady demand from both leisure and business travelers. The property boasts an 89 point walk score and is located just blocks from world class bars, restaurants, and entertainment. Serious inquiries only, please. Financials upon request. Please call/text Marc Mariani for more information 406-381-8850

925 Ramsey St, Nashville
329 Cedar Ct, Clarksville
$1,800,000
3039767 MLS ⋅ ACTIVE Status
BRAND NEW CONSTRUCTION INVESTMENT PROPERTY ~ 10 UNIT CONDOS, Ideally located just minutes from downtown Clarksville. Each 2 level unit offers 2 spacious bedrooms with walk in closets and 2 Full bathrooms. Main level offers a Private Bedroom with Full Bath, UPPER level Offers Commons area with Bedroom, Full Bath. Designed with comfort, Privacy and Functionality in mind. ALL NEW ~ 1 YEAR BUILDER WARRANTY on all 10 UNITS. ALL Units are currently FINISHED & AVAILABLE. Perfect for a new or seasoned investor. Great live in rental with opportunity to operate a short term rental in the other. Property is located in Clarksville opportunity zone. Don't miss it!!

329 Cedar Ct, Clarksville
303 Jefferson Ave E, Carthage
$549,900
3033857 MLS ⋅ ACTIVE Status
Excellent Investment Opportunity! This unique listing includes two properties with a total of 7 rental units. The first property, 303 Jefferson Ave, features four units—two separate 1-bedroom, 1-bath units, one 2-bedroom, 1.5-bath unit, and one 2-bedroom, 1-bath unit. The second property, 112 Franklin Ln, offers three additional 1-bedroom, 1-bath units. Together, these properties provide strong income potential with a great mix of unit sizes. Conveniently located close to town amenities, this is an ideal opportunity for investors looking to expand their rental portfolio!

303 Jefferson Ave E, Carthage
34 S Lincoln Rd, Fayetteville
$299,999
3032991 MLS ⋅ ACTIVE Status
Beautifully Remodeled Duplex – Great Investment or Live-In Opportunity! This charming duplex has been completely remodeled inside and out, offering modern updates and move-in-ready appeal. Each side features 3 bedrooms and 1 bath with stylish finishes and bright, open living spaces. One unit is currently rented, providing instant income while you enjoy the other side—or rent both for a strong return! Perfect for investors or anyone looking to live comfortably while building equity.

34 S Lincoln Rd, Fayetteville
1510 S Main St, Columbia
$210,000
3031448 MLS ⋅ ACTIVE Status
REDUCED $37,000! CALL TODAY Commercially zoned duplex in the downtown area,A side is completely renovated A AND B ARE BOTH VACANT NOW. B side is Fixer Upper, great for investor! This unit has real hardwood floors, spacious living areas, and opportunity for transformation is very becoming as an investment for your portfolio. The Seller wants to sell. Please call the listing agent for more information. This is an excellent opportunity for you to live in one side and let the other side make the payment.

1510 S Main St, Columbia
558560 W Outer Dr, Oak Ridge
$305,000
3031402 MLS ⋅ ACTIVE Status
Fantastic investment opportunity in Oak Ridge! This duplex features one spacious 2-bedroom, 1-bath unit, and one 3-bedroom, 1-bath unit, each with new LVP flooring and washer/dryer hookups for added convenience. $2,500 monthly income!. The units offer functional layouts with plenty of natural light. The property includes a shared yard space, perfect for outdoor enjoyment or tenant gatherings. Conveniently located near local amenities, schools, and shopping, this property is ideal for investors or owner-occupants seeking rental income. Don't miss this chance to own a versatile duplex in a desirable area!

558560 W Outer Dr, Oak Ridge
2353 Hwy 107, Unicoi
$549,000
3011699 MLS ⋅ ACTIVE Status
For Sale: 2353 Highway 107, Unicoi, TN 37692 Fully Rented Triplex + Micro RV/Tiny Home Park Opportunity on the River! Welcome to 2353 Highway 107, a dream investment property offering endless opportunity in the scenic Limestone Cove area of Unicoi, TN. Nestled on 1.9 acres along the North Indian Creek River, this property combines modern renovations, multiple income streams, and future expansion potential. This impressive 5,000 sq. ft. building has been completely reimagined with over $100,000 in renovations and includes three beautifully finished townhomes (completed January 2024). The property is fully rented, providing immediate income for a new owner. Two townhomes are approximately 1,200 sq. ft. each, featuring 2 bedrooms, 2 full bathrooms, and a flexible office/bonus room. Both are currently rented for $1,350/month each. The expansive 2,400 sq. ft. garage loft offers multi-use potential -- currently rented for $1,500/month -- featuring 1 bedroom, a spacious loft room, kitchen, dining area, laundry setup, and 12' garage doors perfect for large vehicles or event use. Beyond the building, this property offers incredible development potential with a partially completed Micro RV/Tiny Home Park. $30,000 in groundwork and site prep already completed 7 total lots near the river 4 lots approved for septic, water, and electric 3 additional lots approved for water and electric only Clearing and grading complete with utilities ready for final connection Additional features include: Over 109 ft of road frontage on Highway 107 Fenced side yard Outdoor shed for additional storage Shared laundry center for tenants and guests in main building. Unit 3 has their own laundry. With flexible zoning and a unique combination of riverfront access, full occupancy, rental income, and expansion potential, this property is ideal for investors, developers, or entrepreneurs.

2353 Hwy 107, Unicoi
2609 Lakevilla Dr, Nashville
$525,000
2998112 MLS ⋅ ACTIVE Status
Income producing duplex. No updates needed. Photos are of the 2611 Side. 2609 in the same condition.

2609 Lakevilla Dr, Nashville
237 Ocala Dr, Nashville
$450,000
2996204 MLS ⋅ ACTIVE Status
Fantastic investment opportunity. No work needed. Photos are of A side. B side in similiar condition.

237 Ocala Dr, Nashville
526 Woods Dr, Columbia
$325,000
2991866 MLS ⋅ ACTIVE Status
PRICE REDUCED $25,000!!! BRING CONTRACTS TODAY! A CLASSIC RIGHT/LEFT DUPLEX ONE LEVEL! Each side have long term tenants that want to stay. What a great investment opportunity! Minutes to everything,shopping, hospitals, churches, restaurants. Needs a little updating, but you can literally have a rental cash flow the day we close the transaction. Value is there, not many side by side duplexes in Columbia. You can rent both sides or you can live in one and let the other side make your payment. Call today for your showing and we will get you into the unit! You can make the decision yourself. BOTH UNITS HAVE FULL BASEMENT GARAGE WITH WASHER/DRYER HOOK-UPS! Selling in "AS IS" condition. Owner is out of state and is liquidating his holdings. Call listing agent today and you will be glad you did! Thanks for looking!

526 Woods Dr, Columbia
56 Mattox Rd, Lawrenceburg
$2,750,000
2987866 MLS ⋅ ACTIVE Status
SVN Accel Commercial Real Estate is pleased to present a rare investment opportunity in Lawrenceburg, TN—eight all-brick duplex portfolio (56-71 Mattox Rd) totaling 16 fully occupied units, each built in 2017 or newer. These modern 2-bed, 1-bath residences feature high-end finishes and low-maintenance construction, delivering strong in-place cash flow and minimal CapEx requirements. With consistent rental history and a prime location across 14.75-acres—including an additional 2.33-acre parcel offering potential for future development or unit expansion—this professionally developed portfolio offers immediate income with long-term growth potential. Ideal for investors seeking scale, stability, and upside in a growing Tennessee market. Located between Nashville and Huntsville, Lawrenceburg is the multifamily hub of Lawrence County and a prime destination for workforce housing investment. The city boasts a growing population, low vacancy rates, and a rental market where newer units command $1,100–$1,300 per month. Anchored by major employers like Magna International and Southern Tennessee Regional Health System, the area benefits from strong job growth and over $30M in infrastructure investment. With 40% of local housing being renter-occupied and limited new supply, Lawrenceburg offers a compelling blend of stability and upside for multifamily investors. For More Information and access to the Deal Room please visit the deal page listed below labeled "Access to Deal Room"

56 Mattox Rd, Lawrenceburg
85 Deer Ln, Ringgold
$825,000
2985544 MLS ⋅ ACTIVE Status
Amazing opportunity to own a home and rental property. Motivated Seller! The primary home is a manufactured home with 3 bedrooms, 2 full baths, a living room, dining room, kitchen, den, and laundry room, and a 2-car attached garage. Small house with 1 bedroom, kitchen, living room, laundry and carport Quadraplex contains 4 apartments 1 bed room one bath each Duplex 2 one bedroom 1 bath apartments Workshop garage, storage building. 2 parcels of land for a total of approximately 10 acres. Don't miss the opportunity to own this income producing property. Schedule a tour today!

85 Deer Ln, Ringgold
197 Wedgewood Ln, Spring City
$425,000
2931920 MLS ⋅ ACTIVE Status
Unique Investment Opportunity in the Heart of Spring City! Discover the potential of this versatile property featuring 3 separate units on 1.5 private acres, just minutes from the heart of Spring City! Whether you're looking for rental income, a multi-generational family compound, or both, this property is full of possibilities. Unit 1 offers 3,000 sq. ft. of living space, showcasing an open-concept main floor with new flooring, new shower, new staircase, new windows, and a new back door. The home is now equipped with central HVAC, adding year-round comfort. Upstairs you'll find 2 spacious bedrooms and a full bath. The downstairs level includes a bedroom, a bathroom, and two additional rooms perfect for game rooms, offices, or storage. The lower level is ready for your finishing touches — with some materials already on-site — and opens to a fenced backyard. Unit 2, an attached efficiency or mother-in-law suite with its own separate address, features a full bath with new vanity, toilet, and windows, providing a private, self-contained living space ideal for guests or additional rental income. Unit 3 is a detached home with two bedrooms, one full bath, an open-concept living room, kitchen, and dining area, plus a full walkout basement. Updates include new windows, giving it a fresh and inviting feel. Tucked away yet conveniently located, these homes offer privacy, flexibility, and potential. Perfect as income-producing rentals, a family retreat, or a combination of both — this property is truly one of a kind! Don't miss your chance to make this unique property yours. Call today to schedule your showing!

197 Wedgewood Ln, Spring City
613 W 7th St, Columbia
$599,000
2867379 MLS ⋅ ACTIVE Status
Six one bedroom / one bath units. 4 units occupied. 2 empty. Has a coin operated washer dryer. Do not disturb tenants.

613 W 7th St, Columbia
Start Your Search

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .

board logo

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

How much is your home worth?

Get instant property value now!