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355/359 County Road 475
Etowah TN 37331 US

$1,500,000

Active Listing ID 1349485
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25 bed
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13.00 Bath (13 Full)
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Other

$1,500,000

Active Listing ID 1349485
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355/359 County Road 475 Exceptional Multi-Family Investment Opportunity | 24.25+/- Acres | Multiple Income Streams | Event Venue Potential Rare opportunity to own a one-of-a-kind income-producing property situated on approximately 24.25+/- acres across two parcels in the beautiful mountains of East Tennessee. Combining established rental income, event space, and room for future expansion, this versatile property offers endless possibilities for investors and entrepreneurs alike. The property includes two single-family homes, an income-producing triplex (built in 1992), and an income-producing quadplex (built in 1995). The quadplex also features a community laundry room and a spacious lower-level event hall suitable for private gatherings, meetings, receptions, or special events. Additional improvements include an outdoor pavilion, amphitheater, and a peaceful creek bordering the rear of the property. The scenic setting offers mature trees, open green space, mountain views, and a retreat-like atmosphere that enhances its appeal for both residents and guests. Existing improvements provide multiple income streams while offering opportunities for future development, subject to local zoning and applicable approvals. Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center, corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery, long-term rental investment, multi-generational living, or organizational housing. Conveniently located near some of East Tennessee's most sought-after outdoor destinations, including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee National Forest, the property is surrounded by year-round recreation including hiking, trout fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an attractive destination for visitors and tenants alike. Properties offering this combination of acreage, multiple residential buildings, established rental income, event facilities, and natural beauty are rarely available. Whether you're expanding your investment portfolio, creating a hospitality destination, or seeking a unique property with multiple revenue opportunities, this exceptional offering is ready for its next chapter. Property Features I Approximately 24.25+/- acres (two parcels) I Two single-family homes I Income-producing triplex I Income-producing quadplex I Community laundry room I Lower-level event hall I Outdoor pavilion I Amphitheater I Creek along rear of property I Mountain setting I Multiple income streams I Expansion potential (subject to applicable approvals)

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 13
  • Cooling System: Central Air
  • Exterior Finish: Windows - Vinyl, Barn, Balcony
  • Floor Covering: Hardwood, Laminate, Tile
  • Roof Type: Metal
  • Heating Fuels: Central, Electric (Heating)
  • Additional Features
  • Patio

School Information

  • School
  • Mountain View(Elementary)
  • Mountain View(MiddleSchool)
  • Central(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1500000
  • unparsedaddress: 355/359 County Road 475
  • postalcity: Etowah
  • stateorprovince: TN
  • country: US
  • postalcode: 37331
  • bathroomsfull: 13
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 12796
  • livingareaunits: Square Feet
  • latitude: 35.324853
  • longitude: -84.502085
  • listagentfullname: Barbara Ratledge
  • listagentemail: etp.barbara@gmail.com
  • listagentkey: 3yd-KAARMLSTN-368502
  • listagentmlsid: 368502
  • listagentpreferredphone: 4235196287
  • listagentofficephone: 4234535722
  • listofficekey: 3yd-KAARMLSTN-1975
  • listofficemlsid: 1975
  • disclaimer: Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: KAARMLSTN
  • yearbuilt: 1995
  • listingcontractdate: 2026-07-17
  • listagenturl: http://easttnlandhomes.com
  • countyorparish: McMinn County - 40
  • parcelnumber: 118 034.02 118 034.00
  • elementaryschool: Mountain View
  • highschool: Central
  • cooling: Central Air
  • constructionmaterials: Vinyl Siding, Brick, Frame
  • flooring: Hardwood, Laminate, Tile
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 9
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Carport
  • roof: Metal
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Windows - Vinyl, Barn, Balcony
  • windowfeatures: Aluminum Frames
  • rooms: Bathroom 5, Bedroom 11, Bedroom 17, Bathroom 6, Bedroom 21, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 22, Bathroom 3, Bathroom 8, Bedroom 20, Bedroom 4, Bedroom 6, Bathroom 12, Bathroom 1, Bedroom 15, Bedroom 7, Bedroom 10, Bedroom 13, Bedroom 25, Bedroom 5, Bathroom 13, Bedroom 23, Bathroom 9, Bathroom 4, Bathroom 10, Bathroom 11, Bedroom 16, Bedroom 9, Bathroom 7, Bathroom 2, Bedroom 24, Bedroom 14, Bedroom 19, Bedroom 18, Bedroom 8, Bedroom 12
  • patioandporchfeatures: Porch
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -84.50208, 35.324852
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"East Tennessee Properties LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"etp.barbara@gmail.com", "ListBrokerageCity":"Athens", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ozzie.webb@hotmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"East Tennessee Properties LLC", "ListBrokeragePhone":"(423) 453-5722", "ListBrokeragePostalCode":"37303", "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"500 S Congress Parkway", "ListBrokerageWebsiteUrl":"http://easttnlandhomes.com", "ListOfficeAddress1":"521 S Congress Parkway ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"1975", "ListOfficeCity":"Athens", "ListOfficeCountry":"US", "ListOfficeEmail":"wizoz80@hotmail.com", "ListOfficePostalCode":"37303", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Etowah, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/355359-County-Road-475_Etowah_TN_37331_M93463-95425?f=listhub&s=KAARMLSTN&m=1349485&c=rexren", "MLSModificationTimestamp":"2026-07-24 23:26:53", "Neighborhoods":[{"Description":null, "Name":"McMinn County - 40"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4468, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/24/2026 11:38:27 PM GMT
Source Updated Date: 7/26/2026 12:50:39 AM GMT

Courtesy of: Barbara Ratledge, East Tennessee Properties, LLC, etp.barbara@gmail.com

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.