For Sale
Multi family home for sale at 5551& 5611 River Rd, Decatur, TN 37322 | MLS# 1349183 | Listing updated on 2026-09-19
Photo 1 of Multi family home for sale at 5551& 5611 River Rd, Decatur, TN 37322 | MLS# 1349183 | Listing updated on 2026-09-19
Photo 2 of Multi family home for sale at 5551& 5611 River Rd, Decatur, TN 37322 | MLS# 1349183 | Listing updated on 2026-09-19
Photo 3 of Multi family home for sale at 5551& 5611 River Rd, Decatur, TN 37322 | MLS# 1349183 | Listing updated on 2026-09-19
Photo 4 of Multi family home for sale at 5551& 5611 River Rd, Decatur, TN 37322 | MLS# 1349183 | Listing updated on 2026-09-19
7+
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Street View

$495,000

Monthly Est:$2,464

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon--sqft

5551& 5611 River Rd, Decatur, TN 37322

$2,464/moEst:

Get Pre-Approved

  • Multi Family

  • Built in 1977

  • $-- HOA

  • -- sqft lot

  • --/sqft

Description

Income-Producing Investment Opportunity!
Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home renting for $800 per month. Situat
ed along the river, this property offers direct access to excellent fishing and a peaceful natural setting that appeals to both long-term tenants and short-term vacation guests. Investors may choose to continue the current long-term rental operation or explore the potential for vacation rentals, Airbnb cabins, corporate housing, or other income-producing ventures, subject to local regulations and approvals. Whether you're looking to expand your investment portfolio or own a versatile riverside property with established income and future upside, this one-of-a-kind opportunity is not to be missed. Schedule your private showing today and discover the possibilities this exceptional property has to offer. Cabins are zoned commercial.
Buyer to verify all pertinent information.

  • Houzeo last checked: 9 minutes ago
  • Listing updated: September 19, 2026 at 1:27 am
  • Listing Provided by: Cali M Walden (423) 506-9559 | East Tennessee Properties, LLC (423) 334-0070
  • Source: East Tennessee REALTORS® MLS-TN | MLS#: 1349183 East Tennessee REALTORS® MLS-TN

Part of

Building
5551& 5611 River Rd
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Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Meigs County 41

  • City

    Decatur

  • Neighborhood

    --

  • Year Built

    1977

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    -- sqft lot

  • Basement Area

    - sqft

  • MLS Name

    East Tennessee REALTORS® MLS

  • MLS Number

    1349183

  • MLS Status

    Active

  • Days on Market

    77

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Interior

  • Heating

    Other

  • Flooring

    Laminate, Carpet, Tile

  • Appliances

    Range, Refrigerator

  • Cooling

    Other, Window Unit(s)

Construction

  • Year Built

    Year Built: 1977

  • Home type

    Multi Family

  • Roof

    Metal

  • Construction Materials

    Vinyl Siding, Frame

Utilities & Energy

  • Parking Features

    None

Price History

DateEventPrice

07/23/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1349183

Price Decreased

$495,000 -17.50%

$0/sqft

07/23/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1349183

Listed for Sale

$600,000

$0/sqft

Based on information from the Knoxville Area Association of REALTORS MLS through Oct 09, 2026, 04:45AM. 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.