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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.

3306083 MLS ⋅ ACTIVE Status ⋅ 37331 Zip Code

355359 County Road 475, Etowah

$519,000

Highly motivated sellers - bring all offers! Experience the beauty of the Cherokee National Forest from your own front door. Set on 14.55 acres, this modern craftsman-style home is oriented to capture the first light of day as the sun rises over the peaks of Starr Mountain, creating a true hilltop retreat. Inside, the open-concept main level features vaulted wood ceilings and a wood stove that together create a warm, lodge-like atmosphere. The main floor also offers a convenient bedroom and full bath. Upstairs, two additional bedrooms and a second full bath provide comfortable private space. The finished walk-out lower level is a true bonus: a massive two-car garage plus a flexible suite with walk-in closet and private bath. Designed with a private lower-level suite ideal for guests, a home office, or multigenerational living. The home has an additional finished space on the ground level offering valuable versatility as an additional flex room, office, or MIL suite. With a metal roof, premium 3/4 x 12 in lapped Eastern pine siding, and precision construction, the home is designed to be sturdy, efficient, and low-maintenance. Outdoors, a 720 sq ft steel-sided barn with electric and water line available is ready for boats, equipment, or hobbies, and the surrounding acreage offers wooded privacy, views, and room to explore. Additional highlights include: remaining furniture stays in the home for a move-in-ready option, high-efficiency ductless mini-splits in every room for zoned comfort, a backup generator for peace of mind, and access via a private gated shared driveway with recorded easement. All of this is located near the Great Smoky Mountains region of East Tennessee, with nearby lakes, rivers, and outdoor recreation. If you've been searching for a home that offers land, privacy, and a retreat-like setting, this hilltop getaway deserves a closer look

3 Beds ⋅ 3 Baths ⋅ 3186801 MLS ⋅ ACTIVE Status ⋅ 14.55 Acres ⋅ 37331 Zip Code

111 County Rd 805, Etowah

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.