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
55515611 River Rd, Decatur, TN 37322
--beds
--baths
5,905sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$102/sqft
$-- HOA
What's special
Peaceful natural setting
- 49 days
- 58
- 2
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
Heating
- Central
Cooling
- Central Air, Wall/Window Unit(s)
Features
- Flooring: Carpet, Tile, Vinyl
Interior area
- Total structure area: 5,905
- Total interior livable area: 5,905 sqft
- Finished area above ground: 5,905
Property
Parking
- Parking features: Driveway, Gravel
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Details
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $102/sqft
- Annual tax amount: $1,845
- Date on market: 7/22/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $600,000$102/sqft |
Source: | ||
| 7/15/2026 | Pending sale | $600,000$102/sqft |
Source: | ||
| 7/15/2026 | Listed for sale | $600,000$102/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.






