202 Spring Valley Rd, Pigeon Forge, TN 37863
$2,490,000
Property Type:
Multi-Family
Square Footage:
11,036
Lot Size (sq. ft.):
21,780
Status:
Active
Current Price:
$2,490,000
List Date:
11/05/2025
Last Modified:
11/05/2025
Description
Great investment opportunity—Pigeon Forge, right off the parkway—great location! 16-unit apartment complex consisting of three large two-story buildings, 12 one-bedroom units and 4 two-bedroom units. All units are occupied, and some recent upgrades and remodels have been made. Showings are appointment only—call to set one up! Please note--the buildings were not built the same year. They were 1979, 1983, and 1990
More Information MLS# 1320840
Location, Tax & Legal Info
Area: Sevier County - 27
City/County Code: City Limits
Total Tax: 3946.51
Contract Info
Auction Y/N: No
Listing Price: 2490000
Current Price: $2,490,000
Status: Active
Listing Date: 2025-11-03
General Property Description
Total Unfinished SqFt: 0
Lot Dimensions: 220.47x129.66 IRR
Lot Size SqFt: 21780
# Units Leased: 16
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: Yes
SqFt - Total (Aprox): 11036
Number of Units: 16
Year Built: 1983
Remarks & Misc
Directions: Coming from Gatlinburg, right before leaving the spur and entering Pigeon Forge look on your right for sign saying Spring Valley Rd. If you are coming from Pigeon Forge, you'll have to go into spur, take first bridge to other side then come on down to Spring Valley Rd on right before you enter Pigeon Forge
Public Remarks: Great investment opportunity—Pigeon Forge, right off the parkway—great location! 16-unit apartment complex consisting of three large two-story buildings, 12 one-bedroom units and 4 two-bedroom units. All units are occupied, and some recent upgrades and remodels have been made. Showings are appointment only—call to set one up! Please note--the buildings were not built the same year. They were 1979, 1983, and 1990
Income/Expenses
Gross Annual Income: 222000
Property Sub-Type
Other: 1
Construction
Block: 1
Frame: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Siding
Other: 1
Sale Includes
Building and Land: 1
Miscellaneous
Balcony: 1
Porch: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Laminate: 1
Luxury Vinyl Plank: 1
Garage/Parking
Off-Street Parking: 1
Owner Expenses
Common Area Maintenance: 1
Exterior Maintenance: 1
Lawn Maintenance: 1
Roof Maintenance: 1
Sewer: 1
Taxes: 1
Water: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Composition: 1
Shingle: 1
Exterior Features
Porch - Covered: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 202
Street Name: Spring Valley
St Suffix: Rd
State/Province: TN
Zip Code: 37863
PIN #: 095 048.01
Geo Lat: 35.774327
Geo Lon: -83.535274
Status Change Info
Status Change Date: 2025-11-04
Property Features
Property Sub-Type: Other
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit
Sale Includes: Building and Land
Floors: Carpet; Laminate; Luxury Vinyl Plank
Owner Expenses: Common Area Maintenance; Exterior Maintenance; Lawn Maintenance; Roof Maintenance; Sewer; Taxes; Water
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator
Construction: Block; Frame
Roof: Composition; Shingle
Siding: Other
Exterior Features: Porch - Covered
Other Rooms: Other
Miscellaneous: Balcony; Porch
New Financing: Cash; Conventional
Showing: See Agent Instructns
Listing Office:
Karen Whitlock Realty
IDX
Office Phone: 865-774-4848
Last Updated: November - 05 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
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