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3 Beds
2 Baths
1,320 sqft

$555,000

4532 E Lamar Alexander Pkwy, Walland TN, 37886

Price per sqft$420.45
Built in1957
Property size1,320 sqft
Property typeResidential
Courtesy of Greater Impact Realty, Katelyn Bethmann

Overview

Active

Listed Sep 25, 2026

Updated 2 weeks ago

A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains. Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities. Buyer to verify all information.

$3,692/mo

Est. mortgage payment based on a $555,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1356814

Interior Features

Bedrooms
3
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
5.39 Acres

Other Property Details

Garage
Yes
View
Yes

Courtesy of Greater Impact Realty, Katelyn Bethmann

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Data last updated 3:20 AM UTC, 9/26/2026

 

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