508 E Central Ave, LaFollette, TN 37766 (MLS# 1344805)

508 E Central Ave, LaFollette, TN 37766

$575,000
Property Type: Multi-Family Square Footage: 4,040 Status: Active
Current Price: $575,000 List Date: 6/16/2026 Last Modified: 9/30/2026

Overview

Description

Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 7-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly. Highlights: - Seven fully renovated units across two buildings, thoughtfully updated for durability and market appeal. - Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays. - Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts. - Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services. - Investment-frie ...

Listing Details MLS# 1344805

Location Tax Legal Info

House #
508
St Dir
E
Street Name
Central
St Suffix
Ave
State/Province
TN
Zip Code
37766
PIN #
085K F 00300 000

Contract Info

Auction Y/N
No
Listing Price
575000

General Property Description

SqFt - Total (Aprox)
4040
Lot Dimensions
100x150
Number of Units
7
Year Built
1930
Property Status
N/A
Driveway
yes

Status Change Info

Status Change Date
2026-06-16

More Information

Property Features

Property Sub-Type: Apartment Type of Units: Efficiency Unit Sale Includes: Building Only; Negotiable; Some Furnishings Floors: Luxury Vinyl Plank; Tile; Vinyl Fuel: Electric Heat: Central; Other Cooling: Ceiling Fan(s); Central Cooling Appliances: Range; Refrigerator Construction: Frame Roof: Metal Siding: Vinyl Exterior Features: Deck; Windows - Insulated; Windows - Vinyl Misc Features: Internet Available; Washer/Dryer Connect Other Rooms: Mstr Bdrm Main Level New Financing: Cash; Conventional Showing: See Agent Instructns
IDX
Listing Office: United Real Estate Solutions
Last Updated: September - 30 - 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.