4532 E Lamar Alexander Pkwy, Walland, TN 37886 (MLS# 1356814)

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

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 ...

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
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