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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,783 sqft
Price per Sqft $429
Subdivision Charles E Pickel Prop
MLS Listing ID 1316107
Year Built 2025
Lot Dimensions 123.63 X 164.86
Source East Tennessee REALTORS® MLS
Property Description
Designed with modern efficiency and investor appeal in mind, the complex has never been occupied, ensuring low deferred maintenance and immediate income potential. Its location in Sevier County -
welcoming over 13 million visitors annually - positions it as a rare opportunity for both short-term rental operators and long-term multifamily investors seeking premium returns.
Unit Breakdown
• 1-Bedroom Units (760 sq. ft.)
Perfect for couples, professionals, or short-term rental guests seeking affordability and convenience.
• 2-Bedroom Units (1,065 sq. ft.)
Spacious layouts ideal for small families or extended stays, balancing comfort with strong rental demand.
• 3-Bedroom Units (1,213 sq. ft.)
Premium units designed for larger families or group rentals, maximizing nightly rates and long-term tenant appeal.
This thoughtful mix of unit sizes ensures broad marketability across multiple tenant and guest demographics.
Investment & ROI Potential
• Pro-forma ROI: 19.25%
Backed by strong rental demand, premium nightly rates, and minimal operating costs due to new construction.
• Flexibility of Strategy: Operate as a short-term rental hub to capture tourism dollars.
• Lease as long-term multifamily units for stable cash flow.
• Pursue a condo conversion strategy, selling units individually at a premium.
• Scarcity Value: With limited new multifamily inventory in Pigeon Forge, this asset stands out as a rare, high-yield opportunity.
Location
State TN
County Sevier County - 27
Rooms
Other Rooms Other
Interior
Interior Features Elevator
Heating Central, Electric
Cooling Central Cooling
Flooring Laminate
Appliance Tankless Water Heater, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Other
Heat Source Central, Electric
Exterior
Exterior Feature Handicap Accessible
Parking Features Off-Street Parking, On Premise Parking
Garage Description Off-Street Parking, On Premise Parking
Roof Type Shingle
Porch true
Garage No
Building
Faces From the Parkway, Turn right onto Community Center Drive (≈ 0.2 mi). Turn left (≈ 56 ft). Into the Parking Lot
Structure Type Vinyl Siding,Cedar,Block
Others
Restrictions Yes
Tax ID 083 026.00
Security Features Smoke Detector
Energy Description Electric
Acceptable Financing Other, Call Listing Agent, Alternative, New Loan, Cash, Conventional
Listing Terms Other, Call Listing Agent, Alternative, New Loan, Cash, Conventional
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