516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738

$4,100,000
  • 516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738 Main Photo

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New to the Market Active
BEDS12 BATHS8 full MLS#712450
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Rd Townhomes 1 & 2, and 541 Johnson Rd Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.

516 & 537 Proffitt Rd & Johnson Lane | MLS# 712450

This multi-family property located at 516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738 is currently listed for sale with an asking price of $4,100,000. Search Gatlinburg real estate on lhoward.easttnliving.net today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Heating: Central
Lot Size: 0.01 Acres
Year Built: 2007

Units

Unit Type 1:
Bedrooms: 3
Full Baths: 2
Rent: $3999.00
Square Footage: 1550.00
Unit Type 2:
Bedrooms: 3
Full Baths: 2
Rent: $3999.00
Square Footage: 1550.00
Unit Type 3:
Bedrooms: 3
Full Baths: 2
Rent: $3999.00
Square Footage: 1550.00
Unit Type 4:
Bedrooms: 3
Full Baths: 2
Rent: $3999.00
Square Footage: 1550.00

Feature Descriptions

Appliances: Dryer, Washer/Dryer Stacked, Washer, Refrigerator, Microwave, Electric Range, Dishwasher
Exterior: Frame, Wood Siding
Flooring: Luxury Vinyl
HOA Y/N: No
Interior: Ceiling Fan(s)
Laundry: Laundry Closet, In Unit, Inside
Lot: Views, Wooded
Parcel #: 117E H 00501 000
Porch/Patio/Deck: Rear Porch
Sewer: Public Sewer
View: Mountain(s), Trees/Woods
Water: Public
Windows: Insulated Windows

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty
Agency Phone: (865) 694-5904

Shown By

Agent Name: Liz Howard
Agent Phone: (865) 209-9814 Cell
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: Lakeway MLS

Estimate Your Payment

Estimated Payment

$ 10,320.66 per month $9,124.82 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,195.83 Homeowner's Insurance

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