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.
For sale
Price cut: $475K (10/22)
$3,500,000
516537 Proffitt Rd, Gatlinburg, TN 37738
12beds
--sqft
Townhouse, Multi Family
Built in 2007
435 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fully furnishedBonus roomPrivate hot tub
- 101 days
- 40
- 2
Zillow last checked:
Listing updated:
Listed by:
Christopher Ball 423-765-5153,
Keller Williams Realty 865-694-5904
Source: Lakeway Area AOR,MLS#: 712450
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
| Date | Event | Price |
|---|---|---|
| 10/22/2026 | Price change | $3,500,000-11.9% |
Source: | ||
| 8/22/2026 | Price change | $3,975,000-3% |
Source: | ||
| 8/3/2026 | Listed for sale | $4,100,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








