- Overview
- Description
- Property Details
- Location
- Facts & Features
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Street View
$555,000
Monthly Est:$2,762
3 Beds
2 Baths2 full baths
1,320sqft
4532 E Lamar Alexander Pkwy, Walland, TN 37886
$555,000
$2,762/moEst:
Get Pre-Approved
Single Family Residence
Built in 1957
$-- HOA
5.39 acres lot
$420/sq.ft
Description
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 offering easy access to nearby communities.
Buyer to verify all information.
- Houzeo last checked: 2 hours ago
- Listing updated: September 25, 2026 at 7:06 pm
- Listing Provided by: Katelyn Bethmann | Greater Impact Realty
- Source: East Tennessee REALTORS® MLS-TN | MLS#: 1356814
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1957
HOA Fees
-
Finished Area
1,320 sqft
Lot Size
5.39 acres lot
Basement Area
- sqft
MLS Name
East Tennessee REALTORS® MLS
MLS Number
1356814
MLS Status
Active
Days on Market
14
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Interior
Flooring
Laminate, Hardwood, Vinyl, Tile
Sewer
Septic Tank
Exterior Features
Windows Vinyl
Cooling
Central Cooling, Ceiling Fan(s)
Window Features
Windows Wood
Appliances
Gas Range, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
Heating
Central, Forced Air, Propane, Electric
Construction
Year Built
Year Built: 1957
Home type
Single Family Residence
Architectural Style
Traditional
Construction Materials
Vinyl Siding, Brick, Frame
Utilities & Energy
Water Source
Public, Well
Association Amenities
Recreation Facilities
Basement
Walkout, Partially Finished
Parking Features
Off Street Parking, Attached, Detached, Rv Parking, Main Level
Fireplace Features
Stone, Gas Log
Other Features
Subdivision Name
Skinner
Patio And Porch Features
Porch Screened
Lot Features
Private, Wooded, Irregular Lot, Rolling Slope
Price History
| Date | Event | Price |
|---|---|---|
06/18/2026 Source: | Listed for Sale | $850,000 -2.86% $644/sqft |
06/09/2025 Source: | Off Market | $875,000 +84.21% $663/sqft |
06/09/2025 Source: | Listed for Sale | $475,000 +5.56% $360/sqft |
06/09/2025 Source: | Off Market | $450,000 -49.99% $341/sqft |
06/09/2025 Source: | Listed for Sale | $899,900 $682/sqft |
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Based on information from the Knoxville Area Association of REALTORS MLS through Oct 09, 2026, 02:30PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Knoxville Area Association of REALTORS® MLS. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.