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For sale
  • $600,000

    5551 River Rd #5611, Decatur, TN 37322

    --beds
    0baths
    5,905sqft
    : 
    $3,567/mo
    Get pre-qualified
    Mixed Use, Multi Family
    Built in 1977
    -- sqft lot
    $592,200 Zestimate®
    $102/sqft
    $-- HOA

    What's special

    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 10 rental units, including 8 cabins, 1 single-wide manufactured home, 1 double-wide manufactured home, and an additional lot located across the street, offering room for future expansion or development (buyer to verify intended use). The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, and a 3-bedroom, 2-bath double-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $6,000 in gross monthly rental income, totaling approximately $72,000 annually, with the cabins renting for $550 per month each and both manufactured homes renting for $800 per month. Situated 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, double wide is zoned residential, and the extra lot is zoned residential. Buyer to verify all pertinent information.
    9 days
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    35
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    4
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Cali Walden 423-506-9559,

    East Tennessee Properties - Ten Mile 423-334-0070

    Source: RCAR,MLS#: 20263671MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      • Full bathrooms: 12
      Heating
      • Central
      Cooling
      • Central Air, Window Unit(s)
      Appliances
      • Included: Electric Range, Refrigerator
      • Laundry: Main Level
      Features
      • Eat-in Kitchen
      • Flooring: Carpet, Tile, Vinyl
      • Basement: Crawl Space,None
      Interior area
      • Total structure area: 5,905
      • Total interior livable area: 5,905 sqft
      • Finished area above ground: 5,905
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Driveway, Gravel
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: None, Front Porch
      Lot
      • Features: Level, Cleared
      Details
      • Parcel number: 027f B 026.02, 008.00, 007.00
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Cabin,Manufactured/Mobile
      • Property subtype: Mixed Use, Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Permanent, Slab
      • Roof: Metal,Shingle
      Condition
      • Functional
      • New construction: No
      • Year built: 1977

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Water Connected, Electricity Connected

      Community & HOA

      Community
      • Features: Fishing
      HOA
      • Has HOA: No
      Location
      • Region: Decatur

      Financial & listing details

      • Price per square foot: $102/sqft
      • Annual tax amount: $1,844
      • Date on market: 7/22/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $592,200

        $563,000 - $622,000

        $1,131/mo

        Price history

        DateEventPrice
        7/22/2026Listed for sale$600,000$102/sqft
        Source: RCAR #20263671 Report a problem
        7/15/2026Pending sale$600,000$102/sqft
        Source: RCAR #20263671 Report a problem
        7/15/2026Listed for sale$600,000$102/sqft
        Source: RCAR #20263671 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37322

        Getting around

        0 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Meigs North
        • Middle: Meigs County
        • High: Meigs County

        Source: RCAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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