5 Beds
4 Baths
74,052 SqFt
5 Beds
4 Baths
74,052 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 74,052 sqft
Price per Sqft $6
MLS Listing ID 711468
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1950
Annual Tax Amount $832
Lot Size 1.700 Acres
Acres 1.7
Lot Dimensions 1.7
Property Sub-Type Multi Family
Source Lakeway Area Association of REALTORS®
Property Description
The first building, originally built in 1950, consists of a commercial retail space and two residential apartments. The commercial space offers approximately 700 square feet with a half bath and has a projected rental income potential of approximately $800 to $1,200 per month.
The two residential apartments were completely rebuilt from the ground up in 2022. Each apartment features 1 bedroom, 1 bathroom, refrigerator, stove, washer and dryer hookups, LVP flooring, PEX plumbing, and plywood cabinetry. One apartment also has access to a back deck. Both apartments are currently rented for $800 per month each.
The building is serviced by one main HVAC system for all three units, with the third unit also utilizing a portable/window AC unit. The property includes approximately 8 parking spaces.
A new HVAC system installed in Summer 2023.
The second dwelling is a 2010 Clayton single-wide mobile home offering approximately 1,216 square feet with 3 bedrooms and 2 bathrooms. The home features central heat and air, front and back decking, and a large yard area. The mobile home is currently rented for $800 per month, with estimated market rent potential closer to $1,200 to $1,350 per month. Additional exterior improvements include a new deck installed in Fall 2025.
The property also includes a storage trailer and offers possible space for several RV sites, subject to buyer verification and local approval.
With commercial zoning, strong existing rental income, major system updates, and future development possibilities, this property presents an outstanding opportunity for investors, business owners, or owner-operators looking for flexible use potential in a growing area.
Location
State TN
County Jefferson
Direction Take Exit 417 for TN-92 toward Dandridge/Jefferson City. Turn left onto TN-92 North and continue approximately 6-7 miles. Turn right onto US-11E / Asheville Hwy toward New Market. Continue on US-11E for about 5 miles. Turn left onto Dumplin Loop Rd. Continue to 1701 Dumplin Loop, New Market, TN 37820 -- destination will be on your left.
Interior
Fireplaces Type Metal
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Available
Roof Type Asphalt
Building
Water Public
Schools
High Schools Jefferson
Others
Senior Community No
Tax ID 073 06500 000
NEARBY SCHOOL & BUSINESS
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Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States