$3,975,000
Gatlinburg, TN 37738
MLS# 1349974
21 beds | 10850 sqft
1 / 57
Property Description
Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln. Townhomes 1 & 2, and 541 Johnson Ln. Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.
Details
Maps
Contract Info
Auction Y/N: No
Occupancy: Either
Listing Price: 3975000
Current Price: $3,975,000
Status: Active
Listing Date: 2026-07-29
Location, Tax & Legal Info
Unit #: 1-7
Area: Sevier County - 27
Property Sub-Type: Residential
City/County Code: City Limits
Total Tax: 924.24
General Property Description
Type: Basement Ranch
# Bedrooms: 21
Acres: 0.01
Acre Source: Tax Records
# of Rooms: 35
Restrictions: Yes
Site Built: Yes
Fireplace: No
Property Status: N/A
SqFt - Main Lvl: 796
SqFt - Down Lvl: 754
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 1550
# Fireplace: 0
HOA: No
Basement: Yes
Bonus Room: Yes
SqFt - Total (Aprox): 10850
Baths - Full: 14
Year Built: 2007
Remarks & Misc
Directions: From downtown Gatlinburg, take 321 towards Cosby for approximately 3.9 miles. Turn left on Proffitt Rd. Turn right on Johnson Ln. and follow to unit on left.
Public Remarks: Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln. Townhomes 1 & 2, and 541 Johnson Ln. Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.
Atchd/Dtchd Type
Attached: 1
Style
Contemporary: 1
Construction
Frame: 1
Siding
Wood: 1
Fireplace
None: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Floors
Luxury Vinyl Plank: 1
Garage/Parking
Common: 1
Designated Parking: 1
Main Level: 1
Off-Street Parking: 1
Basement
Finished: 1
Lot Description
Cul-De-Sac: 1
Zero Lot Line: 1
Fuel
Electric: 1
View
Seasonal Mountain View: 1
Wooded: 1
Heat
Central: 1
Community Amenities
Picnic/Barbeque Area: 1
Dining Area
Eat-in Kitchen: 1
Living Rm/Dining Rm: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Security Alarm: 1
Self Cleaning Oven: 1
Smoke Detector: 1
Washer: 1
Other Rooms
Addl Living Quarter: 1
Basement Rec Room: 1
Bedroom Main Level: 1
Mstr Bdrm Main Level: 1
Exterior Features
Deck: 1
Windows - Insulated: 1
Misc Features
Hot Tub: 1
Internet Available: 1
Kitchen Island: 1
Washer/Dryer Connect: 1
Sewer
Public Sewer: 1
Water
Public: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Other: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 516 & 537
Street Name: Proffitt Rd. & Johnson Ln.
State/Province: TN
Zip Code: 37738
PIN #: 117E H 00501 000
Subdivision: Cambridge Estates
Geo Lat: 35.742292
Geo Lon: -83.452339
Status Change Info
Status Change Date: 2026-08-03
Property Features
Style: Contemporary
Construction: Frame
Siding: Wood
Basement: Finished
Lot Description: Cul-De-Sac; Zero Lot Line
View: Seasonal Mountain View; Wooded
Fireplace: None
Floors: Luxury Vinyl Plank
Fuel: Electric
Heat: Central
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Security Alarm; Self Cleaning Oven; Smoke Detector; Washer
Sewer: Public Sewer
Water: Public
Other Rooms: Addl Living Quarter; Basement Rec Room; Bedroom Main Level; Mstr Bdrm Main Level
Misc Features: Hot Tub; Internet Available; Kitchen Island; Washer/Dryer Connect
Exterior Features: Deck; Windows - Insulated
Dining Area: Eat-in Kitchen; Living Rm/Dining Rm
Community Amenities: Picnic/Barbeque Area
Showing: See Agent Instructns
New Financing: Cash; Conventional; New Loan; Other
IDX
Listing Office: Keller Williams Realty
Last Updated: August - 22 - 2026
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