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  • $575,000

    508 E Central Ave, La Follette, TN 37766

    --beds
    --baths
    4,040sqft
    : 
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    Multi Family
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $142/sqft
    $-- HOA

    What's special

    Minutes from norris lakeEight fully renovated units
    Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 8-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly. Highlights: - Eight fully renovated units across two buildings, thoughtfully updated for durability and market appeal. - Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays. - Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts. - Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services. - Investment-friendly pricing designed to facilitate a smooth transaction and fast close. Why this works for investors: - Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs. - Recent renovations reduce near-term capex and lower maintenance headaches. - Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access. This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.
    34 days
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    154
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    19
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mark Hunter 865-724-8106,

    United Real Estate Solutions 865-444-2400

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3243729MLS Logo

      Facts & features

      Interior

      Heating
      • Central, Electric, Other
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Laundry: Washer Hookup, Electric Dryer Hookup
      Features
      • Flooring: Tile, Vinyl
      Interior area
      • Total structure area: 4,040
      • Total interior livable area: 4,040 sqft

      Property

      Lot
      • Size: 0.34 Acres
      • Dimensions: 100 x 150
      Details
      • Parcel number: 085K F 00300 000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Frame, Vinyl Siding
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1930

      Utilities & green energy

      • Utilities for property: Electricity Available

      Community & HOA

      Location
      • Region: La Follette

      Financial & listing details

      • Price per square foot: $142/sqft
      • Tax assessed value: $325,700
      • Annual tax amount: $2,715
      • Date on market: 6/16/2026
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/16/2026Listed for sale$575,000-8%$142/sqft
        Source: East Tennessee Realtors #1344805 Report a problem
        5/14/2026Listing removed$625,000$155/sqft
        Source: East Tennessee Realtors #1290602 Report a problem
        4/10/2026Price change$625,000-3.8%$155/sqft
        Source: East Tennessee Realtors #1290602 Report a problem
        11/26/2025Price change$650,000-3.7%$161/sqft
        Source: East Tennessee Realtors #1290602 Report a problem
        7/24/2025Price change$675,000-3.6%$167/sqft
        Source: East Tennessee Realtors #1290602 Report a problem
        2/20/2025Listed for sale$700,000$173/sqft
        Source: East Tennessee Realtors #1290602 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,715 $130,280
        2024$2,715 -17.1%$130,280 +33.7%
        2023$3,275 +75.3%$97,440 +75.3%
        2022$1,869 $55,600
        2021$1,869 $55,600
        2020$1,869 $55,600
        2019$1,869 -3.2%$55,600 +2.1%
        2018$1,931 +0%$54,480
        2017$1,931 +57.5%$54,480
        2016$1,226 -31.5%$54,480
        2015$1,790 $54,480
        2014$1,790 $54,480
        2013-- $54,480 +12.8%
        2010$1,426 $48,280
        2009-- $48,280 +12.8%
        2008$1,451 $42,800
        2007$1,451 $42,800
        2006$1,451 $42,800
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37766

        Getting around

        43 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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