1216 Payne School Drive, Sevierville, TN 37876

New
$1,825,000
Property Type: Multi-Family Square Footage: 9,415 Status: Active
Current Price: $1,825,000 List Date: 3/09/2026 Last Modified: 3/09/2026

Description

This 10 unit portfolio consists of 7 single family rentals, 1 duplex, and 1 mobile home. The properties span across Knoxville, Maryville, Sevierville, and Seymour with easy access to numerous employers and local amenities. Many of the units have been recently renovated. 8 out of the 10 units are occupied, with the vacant units being under renovation. Tenants pay all utilities. Knoxville and its surrounding areas are currently experiencing a significant population influx, driven by strong job growth and low cost of living which has increased the rental demand in the area. Addresses: 117 Mary Lee Drive, Seymour, TN 37865, 8132 Sam Cruze Road, Knoxville, TN 37920, 1621 Lenland Avenue, Knoxville, TN 37920, 1509 Tipton Station Road, Knoxville, TN 37920, 716 IC King Road, Seymour, TN 37865 - Duplex, 107 Huskey Circle, Seymour, TN 37865, 1216 Payne School Drive, Sevierville, TN 37876, 112 Carter Drive, Maryville, TN 37801

More Information MLS# 1331915

Location, Tax & Legal Info

Area: Sevier County - 27 City/County Code: County Total Tax: 4829.37

Contract Info

Auction Y/N: No Listing Price: 1825000 Current Price: $1,825,000 Status: Active Listing Date: 2026-03-09

General Property Description

Lot Dimensions: n/a # Units Leased: 8 Utilities/Mo Avg: 0 Property Status: N/A Driveway: Paved SqFt - Total (Aprox): 9415 Number of Units: 10 Year Built: 2009

Remarks & Misc

Directions: From Boyds Creek Hwy turn right onto Cedar Springs Valley Road. Go for 0.2 mi then turn left onto Payne School Road. Go for .2 mi and arrive at 1216 Payne School Road. Public Remarks: This 10 unit portfolio consists of 7 single family rentals, 1 duplex, and 1 mobile home. The properties span across Knoxville, Maryville, Sevierville, and Seymour with easy access to numerous employers and local amenities. Many of the units have been recently renovated. 8 out of the 10 units are occupied, with the vacant units being under renovation. Tenants pay all utilities. Knoxville and its surrounding areas are currently experiencing a significant population influx, driven by strong job growth and low cost of living which has increased the rental demand in the area. Addresses: 117 Mary Lee Drive, Seymour, TN 37865, 8132 Sam Cruze Road, Knoxville, TN 37920, 1621 Lenland Avenue, Knoxville, TN 37920, 1509 Tipton Station Road, Knoxville, TN 37920, 716 IC King Road, Seymour, TN 37865 - Duplex, 107 Huskey Circle, Seymour, TN 37865, 1216 Payne School Drive, Sevierville, TN 37876, 112 Carter Drive, Maryville, TN 37801

Property Sub-Type

Duplex: 1 House Converted: 1

Construction

Block: 1 Frame: 1

Type of Units

1 Bedroom Unit: 1 2 Bedroom Unit: 1 3 or more Bdrm Units: 1

Sale Includes

Building and Land: 1

Cooling

Central Cooling: 1

Floors

Carpet: 1 Laminate: 1 Vinyl: 1

Garage/Parking

Off-Street Parking: 1 On Premise Parking: 1

Fuel

Electric: 1

Heat

Central: 1

Appliances

Dishwasher: 1 Microwave: 1 Range: 1 Refrigerator: 1

Other Rooms

Other: 1

Roof

Shingle: 1

Exterior Features

Deck: 1 Porch - Covered: 1

Misc Features

Internet Available: 1 Pantry: 1 Washer/Dryer Connect: 1

New Financing

Cash: 1 Conventional: 1 New Loan: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 1216 Street Name: Payne School St Suffix: Drive State/Province: TN Zip Code: 37876 PIN #: 025J D 010.00 Subdivision: Greater Boyds Cr S/D 1 Geo Lat: 35.91748 Geo Lon: -83.663468

Status Change Info

Status Change Date: 2026-03-09

Property Features

Property Sub-Type: Duplex; House Converted Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units Sale Includes: Building and Land Floors: Carpet; Laminate; Vinyl Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Dishwasher; Microwave; Range; Refrigerator Construction: Block; Frame Roof: Shingle Exterior Features: Deck; Porch - Covered Misc Features: Internet Available; Pantry; Washer/Dryer Connect Other Rooms: Other New Financing: Cash; Conventional; New Loan Showing: See Agent Instructns
Listing Office: PWA Properties
IDX
Office Phone: 865-233-6441
Last Updated: March - 09 - 2026
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