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For sale
  • $4,100,000

    516537 Proffitt Rd, Gatlinburg, TN 37738

    12beds
    --sqft
    : 
    $24,102/mo
    Get pre-qualified
    Townhouse, Multi Family
    Built in 2007
    435 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fully furnishedBonus roomPrivate hot tub
    Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln Townhomes 1 & 2, and 541 Johnson Ln Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Ball 423-765-5153,

    Keller Williams Realty 865-694-5904

    Source: Lakeway Area AOR,MLS#: 712450MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 8
      • Full bathrooms: 8
      Heating
      • Central
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer Stacked
      • Laundry: In Unit, Inside, Laundry Closet
      Features
      • Ceiling Fan(s)
      • Flooring: Luxury Vinyl
      • Windows: Insulated Windows
      • Has fireplace: No
      Interior area
      • Finished area above ground: 10,850
      • Finished area below ground: 0

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Rear Porch
      • Has view: Yes
      • View description: Mountain(s), Trees/Woods
      Lot
      • Size: 435 Square Feet
      • Features: Views, Wooded
      Details
      • Parcel number: 117E H 00501 000

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Townhouse, Multi Family
      • Attached to another structure: Yes
      Materials
      • Frame, Wood Siding
      Condition
      • New construction: No
      • Year built: 2007

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Gatlinburg

      Financial & listing details

      • Annual tax amount: $924
      • Date on market: 8/3/2026
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/3/2026Listed for sale$4,100,000
        Source: Lakeway Area AOR #712450 Report a problem

        Public tax history

        Tax history is unavailable.

        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: 37738

        Getting around

        26 / 100
        Car-Dependent
        9 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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