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.
Active
Price cut: $105K (9/19)
$495,000
5551 River Rd, Decatur, TN 37322
8beds
4baths
4,816sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$103/sqft
$-- HOA
What's special
- 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#: 3281095
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
| Date | Event | Price |
|---|---|---|
| 9/19/2026 | Price change | $495,000-17.5%$103/sqft |
Source: | ||
| 7/22/2026 | Listed for sale | $600,000$125/sqft |
Source: | ||
| 7/15/2026 | Pending sale | $600,000$125/sqft |
Source: | ||
| 7/15/2026 | Listed for sale | $600,000$125/sqft |
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
- 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.






