221 Pattie Gap Rd, Philadelphia, TN 37846

New
$387,000
Property Type: Multi-Family Status: Active
Current Price: $387,000 List Date: 2/28/2026 Last Modified: 2/28/2026

Description

Exceptional opportunity to own a well-positioned six-unit apartment building in the growing community of Philadelphia, Tennessee. Situated on a quiet stretch of Patty Gap Road, this property offers strong income potential with the stability of multiple rental streams under one roof. The building features six well-designed residential units, each offering comfortable living spaces, functional layouts, and ample natural light. Tenants enjoy a peaceful setting with convenient access to nearby schools, shopping, and major commuting routes. Property highlights include: Six income-producing units On-site parking, low-maintenance exterior, desirable rural setting with easy access to nearby amenities and strong rental demand in the area Whether you're expanding your portfolio or seeking a solid multi-family investment, 221 Patty Gap Road delivers dependable cash flow potential in a steadily developing market. This is an excellent opportunity to secure a multi-unit property in a quiet East Tennessee location with long-term upside. Don't miss this amazing investment opportunity.

More Information MLS# 1330884

Location, Tax & Legal Info

Area: Roane County - 31 City/County Code: County Total Tax: 120.65

Contract Info

Auction Y/N: No Listing Price: 387000 Current Price: $387,000 Status: Active Listing Date: 2026-02-25

General Property Description

Lot Dimensions: 250.82 X 177.65 IRR # Units Leased: 6 Utilities/Mo Avg: 0 Property Status: N/A Driveway: Asphalt Number of Units: 6 Year Built: 1993

Remarks & Misc

Directions: Take I-75 South toward Chattanooga. to exit 72, take Exit 72 for TN-72 toward Loudon/Philadelphia. At the end of the exit ramp, turn right onto TN-72 W / Loudon Hwy. Continue on TN-72 W for several miles. Turn left onto Pattie Gap Rd. Follow Pattie Gap Rd to your destination, 221 Pattie Gap Rd.. Public Remarks: Exceptional opportunity to own a well-positioned six-unit apartment building in the growing community of Philadelphia, Tennessee. Situated on a quiet stretch of Patty Gap Road, this property offers strong income potential with the stability of multiple rental streams under one roof. The building features six well-designed residential units, each offering comfortable living spaces, functional layouts, and ample natural light. Tenants enjoy a peaceful setting with convenient access to nearby schools, shopping, and major commuting routes. Property highlights include: Six income-producing units On-site parking, low-maintenance exterior, desirable rural setting with easy access to nearby amenities and strong rental demand in the area Whether you're expanding your portfolio or seeking a solid multi-family investment, 221 Patty Gap Road delivers dependable cash flow potential in a steadily developing market. This is an excellent opportunity to secure a multi-unit property in a quiet East Tennessee location with long-term upside. Don't miss this amazing investment opportunity.

Property Sub-Type

Five or Six Plex: 1

Construction

Block: 1 Frame: 1

Type of Units

1 Bedroom Unit: 1 2 Bedroom Unit: 1 Unfurnished: 1

Sale Includes

Building and Land: 1 No Furnishings: 1

Cooling

Central Cooling: 1

Floors

Laminate: 1 Vinyl: 1

Garage/Parking

Off-Street Parking: 1

Fuel

Electric: 1

Heat

Central: 1

Appliances

Range: 1 Refrigerator: 1 Smoke Detector: 1

Other Rooms

Mstr Bdrm Main Level: 1

Roof

Aluminum: 1

New Financing

Alternative: 1 Cash: 1 Conventional: 1 Exchange: 1 New Loan: 1

Location Tax Legal Info

House #: 221 Street Name: Pattie Gap St Suffix: Rd State/Province: TN Zip Code: 37846 PIN #: 114 06103 000 Geo Lat: 35.723418 Geo Lon: -84.492755

Status Change Info

Status Change Date: 2026-02-28

Property Features

Property Sub-Type: Five or Six Plex Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Unfurnished Sale Includes: Building and Land; No Furnishings Floors: Laminate; Vinyl Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Range; Refrigerator; Smoke Detector Construction: Block; Frame Roof: Aluminum Other Rooms: Mstr Bdrm Main Level New Financing: Alternative; Cash; Conventional; Exchange; New Loan
Listing Office: Asset Realty Management, Inc.
IDX
Office Phone: 865-247-0027
Last Updated: February - 28 - 2026
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. 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 weekly, 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.