4532 E Lamar Alexander Pkwy, Walland, TN 37886

Walland
Local realty services provided by:Better Homes and Gardens Real Estate Gwin Realty
4532 E Lamar Alexander Pkwy,Walland, TN 37886
$555,000
  • 3 Beds
  • 2 Baths
  • 1,320 sq. ft.
  • Single family
  • Active
Listed by: katelyn bethmann
Office: greater impact realty
MLS#:1356814
Source:TN_KAAR

Price summary

  • Price:$555,000
  • Price per sq. ft.:$420.45

About this home

A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains. Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still...

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Home facts

  • Year built:1957
  • Subdivision & Development:Skinner
  • Listing ID #:1356814
  • Added:6 day(s) ago
  • Updated:October 02, 2026 at 02:48 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:8
  • Flooring:Hardwood, Laminate, Tile, Vinyl
  • Basement:Yes
  • Basement Description:Partially Finished, Walkout
  • Living area:1,320 sq. ft.

Heating and cooling

  • Cooling:Central Cooling
  • Heating:Central, Electric, Forced Air, Propane

Structure and exterior

  • Year built:1957
  • Building area:1,320 sq. ft.
  • Lot area:5.39 Acres
  • Lot Features:Wooded
  • Architectural Style:Traditional
  • Construction Materials:Brick, Frame

Utilities

  • Sewer:Septic Tank

Finances and disclosures

  • Price:$555,000
  • Price per sq. ft.:$420.45

Features and amenities

  • Amenities:Windows - Vinyl

Parking

  • Parking description:Attached, Detached, Main Level, Off-Street Parking, RV Parking

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