5551 River Road Decatur, TN $ 495,000
5551 River Road
$ 495,000
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5551 River Road

Decatur, TN, 37322
$ 495,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 3,419

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5551 River Road, Decatur, TN 37322 - Image 11

Multi-Family Home for sale in Decatur, TN

for $495,000. This home was built in 1977.

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.

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Multi-Family Active

Price

$ 495,000

Property Type

Multi-Family

Taxes

$ 1,575

Style

Year Built

1977

Town/City

Decatur

County/Region

Meigs

MLS | Web ID

1349183

Features
General
Heating Other
Cooling Other Window Unit(s)
Appliances Range Refrigerator
Construction Materials Vinyl Siding Frame
Year Built 1977
Gross Income 62400
County Meigs County - 41
Property Type Multi-Family
Attached Garage false
Status Active
Directions From decatur take river road north to property on the left.
High School Meigs County
City Decatur
Number Of Units Total 9
MLS Area Meigs County - 41
Middle/Junior High School Meigs
MLS Area Minor Meigs County - 41
Standard Status Active
New Financing Cash true
New Financing Coventional true
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Interior
Flooring Laminate Carpet Tile
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features None
Lot Dimensions 2.4 acres
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* Excluded Features
List By
Cali M Walden

Listing Agent

East Tennessee Properties, Llc

Broker

waldentenmile@gmail.com

Email

Affordability Calculator

$3,550
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,419
Monthly Property Taxes
$131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4508047 Elementary School
4507896 Middle School
Meigs County High School High School
Pricing History
DatePricePrice ChangeDescription
9/19/2026$495,000 -17.50% Price Down
7/23/2026$600,000 Listed Price

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5551 River Road, Decatur, TN, 37322 is a Multi-Family Home for sale at $495,000. 5551 River Road has 0.0 baths and was built in 1977. The property's zip code is 37322 which is in Decatur, TN