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
...
(Read more)
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-friendly pricing designed to facilitate a smooth transaction and fast close.
Why this works for investors:
- Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs.
- Recent renovations reduce near-term capex and lower maintenance headaches.
- Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access.
This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.
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
Documents
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.
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