355/359 County Road 475
Etowah, TN, 37331 $ 1,450,000
Bedrooms-- Baths0.0 Sq 12,796 Monthly Estimate*
$ 10,015
for $1,450,000. This 12,796 square foot home was built in 1995.
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. Properties offering this combination of acreage, multiple residential buildings, established rental income, event facilities, and natural beauty are rarely available. Whether you're expanding your investment portfolio, creating a hospitality destination, or seeking a unique property with multiple revenue opportunities, this exceptional offering is ready for its next chapter. Property Features Ï Approximately 24.25± acres (two parcels) Ï Two single-family homes Ï Income-producing triplex Ï Income-producing quadplex Ï Community laundry room Ï Lower-level event hall Ï Outdoor pavilion Ï Amphitheater Ï Creek along rear of property Ï Mountain setting Ï Multiple income streams Ï Expansion potential (subject to applicable approvals)
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FeaturesGeneralHeating Central Electric
Cooling Central Cooling
Appliances None
Construction Materials Vinyl Siding Brick Frame
Year Built 1995
County McMinn County - 40
Property Type Multi-Family
Attached Garage false
Other Structures Shed
Status Active
Directions From the Athens Office - 521 Congress Parkway S (US-11) Head southwest on Congress Parkway S/US-11 for about 1 mile. Turn right onto TN-30 W (Decatur Pike) toward Etowah. Continue on TN-30 W for approximately 14 miles. As you approach Etowah turn left onto TN-310 (Mecca Pike). Follow Mecca Pike for about 2 miles. Turn left onto County Road 475. Continue on County Road 475 for roughly half a mile the property will be on the left. Estimated travel time: 30-35 minutes
High School Central
City Etowah
Number Of Units Total 9
MLS Area McMinn County - 40
Elementary School Mountain View
Middle/Junior High School Mountain View
MLS Area Minor McMinn County - 40
Standard Status Active
New Financing Cash true
New Financing FHA true
New Financing Coventional true
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InteriorFlooring Laminate Hardwood Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Windows - Aluminum
Total Baths 0
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ExteriorExterior Amenities Windows - Vinyl Barn Balcony
Parking Features On Premise Parking Carport Detached
Building Area Total 12796
Lot Dimensions 24.25 ac
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* Excluded FeaturesList ByBarbara RatledgeListing Agent
East Tennessee Properties, LlcBroker
etp.barbara@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,015
- Monthly Property Taxes
- $372
- 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.
Learn more about how to save NearbyMulti-family listings in Etowah, TN
Average List Price $832,627
Percent of Sale Price 43%
About Etowah, TN 3,582 Population
-2% Since 2002
$ 39,637 Median Income
43.61 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
3107450 Elementary School
4783600 Middle School
Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/4/2026 | $1,450,000 | -3.33% | Price Down |
| 7/24/2026 | $1,500,000 | | Listed Price |