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For sale
  • $387,000

    221 Pattie Gap Rd, Philadelphia, TN 37846

    9beds
    6baths
    --sqft
    : 
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    Multi Family
    Built in 1993
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Desirable rural settingFunctional layoutsSix well-designed residential unitsLow-maintenance exteriorAmple natural lightOn-site parkingComfortable living spaces
    Exceptional opportunity to own a well-positioned six-unit apartment building in the growing community of Philadelphia, Tennessee. Situated on a quiet stretch of Patty Gap Road, this property offers strong income potential with the stability of multiple rental streams under one roof. The building features six well-designed residential units, each offering comfortable living spaces, functional layouts, and ample natural light. Tenants enjoy a peaceful setting with convenient access to nearby schools, shopping, and major commuting routes. Property highlights include: Six income-producing units On-site parking, low-maintenance exterior, desirable rural setting with easy access to nearby amenities and strong rental demand in the area Whether you're expanding your portfolio or seeking a solid multi-family investment, 221 Patty Gap Road delivers dependable cash flow potential in a steadily developing market. This is an excellent opportunity to secure a multi-unit property in a quiet East Tennessee location with long-term upside. Don't miss this amazing investment opportunity.
    118 days
    |
    275
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Yarbrough 702-985-5566,

    Asset Realty Management, Inc. 865-247-0027,

    Jessica Hall 865-335-6221,

    Asset Realty Management, Inc.

    Source: East Tennessee Realtors,MLS#: 1330884MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 6
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Range, Refrigerator
      Features
      • Flooring: Laminate, Vinyl

      Property

      Parking
      • Parking features: Off Street
      Lot
      • Size: 1.02 Acres
      • Dimensions: 250.82 x 177.65 IRR
      Details
      • Parcel number: 114 06103 000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Block, Frame
      Condition
      • Year built: 1993

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      Location
      • Region: Philadelphia

      Financial & listing details

      • Tax assessed value: $32,200
      • Annual tax amount: $121
      • Date on market: 2/28/2026
      • Listing terms: Alternative,New Loan,Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        2/28/2026Listed for sale$387,000+58%
        Source: East Tennessee Realtors #1330884 Report a problem
        10/16/2025Listing removed$595
        Source: Zillow Rentals Report a problem
        9/16/2025Listed for rent$595-14.4%
        Source: Zillow Rentals Report a problem
        9/9/2025Listing removed$695
        Source: Zillow Rentals Report a problem
        9/6/2025Listed for rent$695-45.5%
        Source: Zillow Rentals Report a problem
        6/4/2025Listing removed$1,275
        Source: Zillow Rentals Report a problem
        5/29/2025Listed for rent$1,275+114.3%
        Source: Zillow Rentals Report a problem
        2/29/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/28/2024Listed for rent$595-14.4%
        Source: Zillow Rentals Report a problem
        2/7/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/6/2024Price change$695-13.1%
        Source: Zillow Rentals Report a problem
        1/21/2024Price change$800-5.3%
        Source: Zillow Rentals Report a problem
        12/15/2023Price change$845-5.6%
        Source: Zillow Rentals Report a problem
        11/10/2023Listed for rent$895
        Source: Zillow Rentals Report a problem
        10/31/2012Listing removed$244,900
        Source: Realty Executives Associates #809245 Report a problem
        7/17/2012Listed for sale$244,900+8.8%
        Source: Realty Executives Associates #809245 Report a problem
        6/2/2012Listing removed$225,000
        Source: Realty Executives Associates #714228 Report a problem
        5/14/2010Price change$225,000-1.7%
        Source: Realty Executives Associates #714228 Report a problem
        8/2/2009Listed for sale$229,000
        Source: Realty Executives Associates #676106 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$121 +25.7%$8,050 +101.3%
        2024$96 $4,000
        2023$96 +6%$4,000 +6%
        2022$91 -2.8%$3,775
        2021$93 0%$3,775
        2020$93 +2.9%$3,775 +11.9%
        2019$91 +4.3%$3,375
        2018$87 -0.1%$3,375
        2017$87 $3,375
        2016$87 $3,375
        2015$87 $3,375 -24.2%
        2013$87 $4,450
        2011-- $4,450
        2010$97 $4,450 -7.8%
        2009-- $4,825 +12.9%
        2008$112 $4,275
        2007$112 -92%$4,275 -92.8%
        2006$1,412 -18.1%$59,320
        2004$1,723 +8%$59,320 +8%
        2003$1,595 $54,920 +5.5%
        2001-- $52,070 -60%
        2000-- $130,174

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 37846

          Getting around

          0 / 100
          Car-Dependent
          4 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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