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$575,000

For Sale

4 hours ago

508 E Central Ave, La Follette, TN

House

MLS® 3243729

0 Bed

0 Bath

4040 sqft

0

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4040 sqft
Garage 
Taxes $2,715
Days Active 0
Lot Size 
Approx. Age 1930
Avg. Price Per Sqft $142
MLS® Number 3243729

Property Address: 508 E Central Ave, La Follette, TN, 37766-2559

Average square foot calculated using Size range provided by listing agent.

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, 8-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: - Eight 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.
MLS® Number3243729
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
Basement
Driveway
Garage Spaces
HeatCentral, Electric, Other
A/CCentral Air, Ceiling Fan(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 16, 2026List Date
$575,000List Price
  • Commute

Commute

Starting Address
Destination Address
508 E Central Ave, La Follette, TN

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