4532 E Lamar Alexander Pkwy, Walland, TN 37886
$555,000
Property Type:
Single Family
Bedrooms:
3
Square Footage:
1,320
Lot Size (sq. ft.):
234,788
Status:
Active
Current Price:
$555,000
List Date:
9/25/2026
Last Modified:
9/25/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# 1356814
Location Tax Legal Info
- House #
- 4532
- St Dir
- E
- Street Name
- Lamar Alexander
- St Suffix
- Pkwy
- State/Province
- TN
- Zip Code
- 37886
- PIN #
- 060 086.00
- Subdivision
- Skinner
Contract Info
- Auction Y/N
- No
- Listing Price
- 555000
- Occupancy
- Permanent Residence
- Gross Amount Year 1
- 76000
General Property Description
- Type
- Basement Ranch
- Acres
- 5.39
- Acre Source
- Survey
- Site Built
- Yes
- Restrictions
- Yes
- SqFt - Total (Aprox)
- 1320
- SqFt - Main Lvl
- 1320
- SqFt - Down Lvl
- 600
- # Bedrooms
- 3
- Baths - Full
- 2
- # of Rooms
- 8
- Fireplace
- Yes
- # Fireplace
- Yes
- Property Status
- N/A
- HOA
- No
- Year Built
- 1957
- Bonus Room
- Yes
Status Change Info
- Status Change Date
- 2026-09-25
More Information
Property Features
Style:
Traditional
Construction:
Frame
Siding:
Brick; Vinyl
Basement:
Partially Finished; Walkout
Lot Description:
Irregular Lot; Private; Rolling Slope; Wooded
View:
Mountain View
Fireplace:
Gas Log; Stone
Floors:
Hardwood; Laminate; Tile; Vinyl
Fuel:
Electric; Propane
Heat:
Central; Forced Air
Cooling:
Ceiling Fan(s); Central Cooling
Appliances:
Dishwasher; Gas Range; Microwave; Refrigerator; Self Cleaning Oven
Sewer:
Septic Tank
Water:
Public; Well
Other Rooms:
Bedroom Main Level; Extra Storage; Great Room; Laundry/Utility; Mstr Bdrm Main Level
Misc Features:
Hot Tub; Internet Available; Walk-in Shower; Washer/Dryer Connect
Exterior Features:
Porch - Screened; Windows - Vinyl; Windows - Wood
Outbuildings:
Storage Shed
Dining Area:
Formal Dining Area
Community Amenities:
Rec Facilities
Showing:
See Agent Instructns
New Financing:
Cash; Conventional; Exchange; Owner Will Carry; VA Loan
IDX
Listing Office:
Greater Impact Realty
Last Updated: September - 25 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.