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For sale
  • $600,000

    5551& River Rd #5611, Decatur, TN 37322

    22beds
    12baths
    --sqft
    : 
    $3,567/mo
    Get pre-qualified
    Multi Family
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Peaceful natural setting
    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.
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    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#: 1349183MLS Logo

      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

        DateEventPrice
        7/23/2026Listed for sale$600,000
        Source: East Tennessee Realtors #1349183 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
        • 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.

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