830 Tennessee Ave
Etowah, TN, 37331 $ 300,000
Bedrooms-- Baths0.0 Sq 8,136 Monthly Estimate*
$ 2,072
for $300,000. This 8,136 square foot home was built in 1920.
ATTENTION INVESTORS! Start generating income from day one with FOUR currently rented residential units producing a combined $2,590 per month, PLUS two main-level commercial spaces offering additional income and value-add potential! CURRENT RESIDENTIAL RENTAL INCOME: • Unit 1 - Studio - $600/month - Owner pays utilities • Unit 2 - 2 Bedroom - $695/month - Tenant pays utilities • Unit 3 - 1 Bedroom - $695/month - Tenant pays utilities • Unit 4 - Studio - $600/month - Owner pays utilities TOTAL CURRENT RESIDENTIAL RENTAL INCOME: $2,590/MONTH! The four apartments are located upstairs with a separate private entrance and are currently tenant occupied. The roof is approximately 5-6 years old, adding another attractive feature for investors looking for an established income-producing property. But the opportunity doesn't stop with the residential income! The main level features TWO separate commercial retail spaces in a high-visibility corner location along the main strip in Etowah, near the historic train depot. These spaces offer tremendous flexibility and could potentially be used for retail, boutiques, antique shops, offices, service businesses, or other permitted uses. Looking to increase the property's income potential even further? Explore leasing the commercial spaces, operating your own business from one while leasing the other, or consider reconfiguring portions of the commercial space to potentially create additional residential units. Buyers may also wish to explore zoning and possible residential conversion options with the City of Etowah. With FOUR existing income-producing apartments, TWO commercial spaces, 4½ bathrooms, excellent visibility, established rental income, and opportunities to add additional revenue streams, this property offers exciting potential for both immediate income and future growth. Buyer to verify zoning, permitted uses, potential conversions, rental information, utility information, square footage, and all information deemed important. Tenant occupied upstairs. 24-hour notice required to show.
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FeaturesGeneralHeating Central Electric
Cooling Ceiling Fan(s) Window Unit(s)
Appliances Range Refrigerator
Construction Materials Steel Brick Cement Siding
Pets Allowed No
Year Built 1920
County McMinn County - 40
Property Type Multi-Family
Attached Garage false
Status Active
Directions From Hwy 30 turn right onto Hwy 411 (Tennessee Ave) go 1.4 miles and it will be on the Right
High School Central
City Etowah
Number Of Units Total 4
MLS Area McMinn County - 40
Lot Size Units Square Feet
Lot Size Square Feet 0.11
Elementary School Etowah
MLS Area Minor McMinn County - 40
Standard Status Active
New Financing Cash true
New Financing Coventional true
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InteriorFlooring Laminate Vinyl
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorExterior Amenities Windows - Vinyl Balcony
Parking Features Off-Street Parking
Lot Size Area 0.11
Building Area Total 8136
Lot Dimensions 50X102
Lot Size Acres 0
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* Excluded FeaturesList ByChristy ElderListing Agent
christyblanco6@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,072
- Monthly Property Taxes
- $139
- 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 178%
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.
0 Elementary School
4821251 Middle School
Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/3/2026 | $300,000 | | Listed Price |