Exceptional Income-Producing Property on 1.7 Unrestricted Acres - 5 Rental Units Total!
Don't miss this rare investment opportunity featuring a fully renovated 4-plex and an additional single-family home, all situated on 1.7 unrestricted acres in a prime East Tennessee location. With all units currently leased, this turnkey property offers immediate cash flow and outstanding long-term investment potential.
The 3,600-square-foot fourplex consists of four well-maintained units, each offering approximately 900 square feet of living space. Three units feature 2 bedrooms and 1 bathroom, while the fourth unit offers 1 bedroom and 1 bathroom. All units have been tastefully renovated and include private porches for tenants to enjoy. Additional amenities include an on-site coin-operated laundry facility, an 8x12 storage shed, and a durable metal roof that is only five years old.
Adding even more value, the property includes a separate 680-square-foot single-family residence featuring 2 bedrooms, 1 bathroom, a laundry room, carport, and recent renovations throughout. A brand-new 10x14 storage shed is also located next to the home.
Tenants and owners alike will appreciate the property's unique custom-built pickleball court, providing a highly desirable recreational amenity rarely found in investment properties.
Conveniently located just 20 minutes from Knoxville, 15 minutes from Sevierville, 30 minutes from Gatlinburg, and only minutes from shopping, dining, entertainment, and interstate access, this property combines strong rental demand with exceptional location benefits.
Whether you're looking to expand your investment portfolio or secure a high-performing income property, this one-of-a-kind opportunity delivers multiple income streams, recent updates, and unlimited potential with no restrictions.
Active
$750,000
814 Midway Rd, Strawberry Plains, TN 37871
--beds
--baths
4,280sqft
Multi Family
Built in 1967
-- sqft lot
$-- Zestimate®
$175/sqft
$-- HOA
What's special
Unique custom-built pickleball courtRecent renovations throughoutLaundry roomOn-site coin-operated laundry facility
- 94 days
- 201
- 14
Zillow last checked:
Listing updated:
Listed by:
Jennifer Scates 404-403-9855,
Wallace-Jennifer Scates Group 865-474-9874
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3231911
Facts & features
Interior
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Flooring: Laminate
Interior area
- Total structure area: 4,280
- Total interior livable area: 4,280 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 3
Details
- Parcel number: 074 10201
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stone, Vinyl Siding, Other, Brick
- Roof: Metal
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Strawberry Plains
Financial & listing details
- Price per square foot: $175/sqft
- Tax assessed value: $316,800
- Annual tax amount: $1,969
- Date on market: 6/7/2026
- Tenant pays: Electricity
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/7/2026 | Listed for sale | $750,000$175/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,969 | $126,720 |
| 2024 | $1,969 | $126,720 |
| 2023 | $1,969 | $126,720 |
| 2022 | $1,969 +31.5% | $126,720 +79.5% |
| 2021 | $1,497 | $70,600 -60% |
| 2020 | $1,497 | $176,500 |
| 2019 | $1,497 | $176,500 +0.5% |
| 2018 | $1,497 | $175,700 +298.2% |
| 2017 | $1,497 -8.2% | $44,125 |
| 2016 | $1,630 | -- |
| 2015 | $1,630 -0.1% | -- |
| 2014 | $1,631 +0% | -- |
| 2013 | $1,631 +69.1% | -- |
| 2012 | $964 | -- |
| 2011 | $964 | $40,850 |
| 2010 | $964 | $40,850 |
| 2009 | $964 -7.2% | $40,850 +5.8% |
| 2007 | $1,038 | $38,600 |
| 2006 | $1,038 | $38,600 |
| 2005 | $1,038 +39.8% | $38,600 +53.8% |
| 2004 | $743 | $25,100 |
| 2003 | $743 | $25,100 |
| 2002 | -- | $25,100 |
| 2001 | -- | $25,100 +12.2% |
| 2000 | -- | $22,375 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 37871
Nearby schools
Schools provided by the listing agent
- Elementary: Carter Elementary
- Middle: Carter Middle School
- High: Carter 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.









