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508 E Central Ave
LaFollette TN 37766 US

$575,000

Active Listing ID 1344805
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$575,000

Active Listing ID 1344805
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508 E Central Ave Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 8-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly. Highlights: - Eight fully renovated units across two buildings, thoughtfully updated for durability and market appeal. - Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays. - Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts. - Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services. - Investment-friendly pricing designed to facilitate a smooth transaction and fast close. Why this works for investors: - Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs. - Recent renovations reduce near-term capex and lower maintenance headaches. - Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access. This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air, Ceiling Fan(s)
  • Exterior Finish: Windows - Vinyl
  • Floor Covering: Tile, Vinyl
  • Roof Type: Metal
  • Heating Fuels: Central, Electric (Heating)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 575000
  • unparsedaddress: 508 E Central Ave
  • postalcity: LaFollette
  • stateorprovince: TN
  • country: US
  • postalcode: 37766
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 4040
  • livingareaunits: Square Feet
  • latitude: 36.384823
  • longitude: -84.116883
  • listagentfullname: Mark Hunter
  • listagentemail: markhuntertnrealtor@gmail.com
  • listagentkey: 3yd-KAARMLSTN-375958
  • listagentmlsid: 375958
  • listagentpreferredphone: 8657248106
  • listagentofficephone: 8657248106
  • listofficekey: 3yd-KAARMLSTN-2630
  • listofficemlsid: 2630
  • 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: 1930
  • listingcontractdate: 2026-06-16
  • listagenturl: http://www.unitedresolutions.com
  • countyorparish: Campbell County - 37
  • parcelnumber: 085K F 00300 000
  • appliances: Range, Refrigerator
  • cooling: Central Air, Ceiling Fan(s)
  • constructionmaterials: Vinyl Siding, Frame
  • flooring: Tile, Vinyl
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 7
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Metal
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Windows - Vinyl
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -84.11688, 36.384823
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"United Real Estate Solutions", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"markhuntertnrealtor@gmail.com", "ListBrokerageCity":"Knoxville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"broker@unitedknoxville.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"United Real Estate Solutions", "ListBrokeragePhone":"(865) 621-2040", "ListBrokeragePostalCode":"37923", "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":"Suite 230", "ListBrokerageUnparsedAddress":"200 Prosperity Drive", "ListBrokerageWebsiteUrl":"http://www.unitedresolutions.com", "ListOfficeAddress1":"308 N Peters Rd Suite 225 ", "ListOfficeAddress2":"Suite 230", "ListOfficeBrokerMlsId":"2630", "ListOfficeCity":"Knoxville", "ListOfficeCountry":"US", "ListOfficeEmail":"broker@unitedknoxville.com", "ListOfficePostalCode":"37922", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - LaFollette, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/508-E-Central-Ave_La-Follette_TN_37766_M93206-32960?f=listhub&s=KAARMLSTN&m=1344805&c=rexren", "MLSModificationTimestamp":"2026-06-16 15:57:57", "Neighborhoods":[{"Description":null, "Name":"Campbell County - 37"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2715, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/16/2026 4:06:44 PM GMT
Source Updated Date: 6/20/2026 12:35:32 AM GMT

Courtesy of: Mark Hunter, United Real Estate Solutions, markhuntertnrealtor@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.