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Active
  • Price cut: $105K (9/19)
    $495,000

    5551 River Rd, Decatur, TN 37322

    8beds
    4baths
    4,816sqft
    : 
    $3,106/mo
    Get pre-qualified
    Multi Family
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $103/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 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home 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. Buyer to verify all pertinent information.
    65 days
    132
    17

    Zillow last checked:

    Listing updated:

    Listed by:

    Cali Walden 423-506-9559,

    East Tennessee Properties LLC 423-334-0070

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3281095MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Other
      Cooling
      • Wall/Window Unit(s)
      Features
      • Flooring: Carpet, Tile, Vinyl
      Interior area
      • Total structure area: 4,816
      • Total interior livable area: 4,816 sqft
      • Finished area above ground: 4,816

      Property

      Parking
      • Parking features: Driveway, Gravel
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 2.4 Acres
      • Dimensions: 2.4 acres
      Details
      • Parcel number: 027F B 00800 000
      • Zoning: commercial
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Vinyl Siding
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1977

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Water Available

      Community & HOA

      Community
      • Subdivision: No
      HOA
      • Has HOA: No
      Location
      • Region: Decatur

      Financial & listing details

      • Price per square foot: $103/sqft
      • Annual tax amount: $1,575
      • Date on market: 7/22/2026
      • Inclusions: Appliances, No Furnishing
      • Total actual rent: 2200

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/19/2026Price change$495,000-17.5%$103/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3281095 Report a problem
        7/22/2026Listed for sale$600,000$125/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3281095 Report a problem
        7/15/2026Pending sale$600,000$125/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3281095 Report a problem
        7/15/2026Listed for sale$600,000$125/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3281095 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.
        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 Elementary
        • Middle: Meigs Middle School
        • High: Meigs County High School

        Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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