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.
Active
$600,000
5551& River Rd #5611, Decatur, TN 37322
22beds
12baths
--sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Peaceful natural setting
- 49 days
- 166
- 12
Zillow last checked:
Listing updated:
Listed by:
Cali M Walden 423-506-9559,
East Tennessee Properties, LLC 423-334-0070
Source: East Tennessee Realtors,MLS#: 1349183
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 12
Heating
- Central, Other
Cooling
- Other, Central Air, Window Unit(s)
Appliances
- Included: Range, Refrigerator
Features
- Flooring: Laminate, Carpet, Tile
Property
Parking
- Parking features: None
Lot
- Size: 3.01 Acres
- Dimensions: 3.01 acres
Details
- Parcel number: 027F B 008.00, 007.00, 026.02
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Frame
Condition
- Year built: 1977
Community & HOA
Location
- Region: Decatur
Financial & listing details
- Date on market: 7/23/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Listed for sale | $600,000 |
Source: | ||
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.Climate risks
Neighborhood: 37322
Nearby schools
Schools provided by the listing agent
- Middle: Meigs
- High: Meigs County
Source: East Tennessee Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
