Pigeon Forge, TN Multifamily Homes & Duplexes for Sale

/17
$2,490,000
- 11,036 Sq Ft
202 Spring Valley Rd, Sevierville, TN 37863

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

Michael Cole

Karen Whitlock Realty

(865) 448-7519

202 Spring Valley Rd, Sevierville, TN 37863
/30
$477,000
- 2 Beds
- 2 Baths
- 1,220 Sq Ft
205 Ogle Dr Unit 323, Pigeon Forge, TN 37863

THIS PROPERTY IS ON A RENTAL PROGRAM. PLEASE CALL LISTING AGENT TO SCHEDULE SHOWINGS.

Shelly Renfro

Century 21 Legacy

(865) 535-7833

205 Ogle Dr Unit 323, Pigeon Forge, TN 37863
/48
$3,250,000
- 3,051 Sq Ft
4314 Carolina Cove Way, Pigeon Forge, TN 37863

$373,000+ combined gross income from Sept. 2024 to Aug. 2025 in this short term rental package comprising two cream of the crop cabins. Seller offering $25,000 buydown credit! Medium STR cabin located in the coveted Chalet Village where bookings continue through winter months. One-of-a-kind large STR cabin in Pigeon Forge with its own extremely rare outdoor swimming pool and real Canadian logs.

Brianne Miller Epique Realty

4314 Carolina Cove Way, Pigeon Forge, TN 37863
/29
$475,000
- 3,600 Sq Ft
410 Loraine St, Pigeon Forge, TN 37863

Prime Pigeon Forge Duplex Opportunity!Located in the heart of Pigeon Forge, this well-situated duplex offers exceptional convenience to dining, shopping, and the area's most popular attractions. Each unit features two comfortable bedrooms and one full bathroom, providing a functional and inviting layout. Both units include an unfinished basement with a one-car garage, offering ample storage

Wanda Hendryx Sundown Realty, Inc.

410 Loraine St, Pigeon Forge, TN 37863
/55
$784,900
- 3 Beds
- 3 Baths
- 2,016 Sq Ft
1550 Bears Den Way, Sevierville, TN 37862

Experience one of the closest resort cabins to Dollywood at this beautifully updated 3-bedroom, 3-bath property in the gated Hidden Springs Resort—less than 2 miles from Dollywood, Splash Country, and the heart of Pigeon Forge. Over $100k in total value adjustments, including 60K+ price reduction and $50K+ in upgrades, this turnkey cabin blends modern updates, mountain charm, and strong rental

Jamie Smith Keller Williams West Knoxville

1550 Bears Den Way, Sevierville, TN 37862
/32
$2,299,500
- 5,400 Sq Ft
2748 Florence Dr Unit 9 units, Pigeon Forge, TN 37863

Investment Opportunity in Pigeon Forge, TN. $140K gross rental income. Explore this portfolio of 9 meticulously maintained 1-bedroom condominiums in central Pigeon Forge, TN. Strategically located within a commercially zoned area and operated as successful short-term rentals, these units are attractively priced below market value. Each unit boasts 600 square feet and is fully furnished with

Daria Turner Realty Executives Southern Living

2748 Florence Dr Unit 9 units, Pigeon Forge, TN 37863
/35
$497,500
- 2 Beds
- 2.5 Baths
- 1,513 Sq Ft
739 Golf View Blvd, Pigeon Forge, TN 37863

Experience the ultimate in mountain living at 739 Golf View BLVD. This newly updated 2-bedroom, 2.5-bathroom duplex is the perfect getaway, conveniently located less than a mile from the Pigeon Forge Parkway. This unit is currently being rented as a two bedroom, but has the ability to be split into two 1-bedroom units. Indulge in the luxurious amenities that this property has to offer, including

Bryce Lipsey Lipsey's Real Estate

739 Golf View Blvd, Pigeon Forge, TN 37863
/63
$2,419,000
- 18 Beds
- 16 Baths
- 9,792 Sq Ft
2661 Valley Heights Dr, Pigeon Forge, TN 37863

Turnkey Multi-Family STR Investment - 6 Furnished Units in Pigeon Forge! Incredible investment opportunity just off the Parkway in the heart of Pigeon Forge! This updated multi-family property features six individual units, all currently operating as successful short-term rentals with strong rental history. Each unit is fully furnished and includes a private hot tub, in-unit laundry, and basement

Jonathan Minerick Homecoin.com

2661 Valley Heights Dr, Pigeon Forge, TN 37863
/24
$7,200,000 New Construction
- 16,783 Sq Ft
129 Sugarfoot Way, Pigeon Forge, TN 37863

Welcome to 129 Sugarfoot Way, a brand-new 16-unit condominium complex strategically located in the heart of Pigeon Forge, Tennessee - one of the Southeast's most dynamic tourism and investment markets. Nestled just minutes from the Parkway, Dollywood, and The Island, this property also enjoys walkable access to Publix grocery store, the popular Lumberjack Feud Show, a cluster of shops including

Logan Smith MG Rise Real Estate Group

129 Sugarfoot Way, Pigeon Forge, TN 37863
/148
$6,450,000
- 24 Beds
- 24 Baths
- 18,258 Sq Ft
415 Big Bear Way, Pigeon Forge, TN 37863

Unique investment opportunity in the heart of Pigeon Forge! Don't miss this opportunity to own an income-generating portfolio consisting of 16 individual units right off of the Parkway in Pigeon Forge. Each unit is part of a well-maintained community that provides guests and owners with access to top amenities, including an indoor and outdoor pool, hot tub, workout room, and clubhouse. The HOA

Jonathan Minerick Homecoin.com

415 Big Bear Way, Pigeon Forge, TN 37863

Tennessee Sevier County Pigeon Forge

Why Live in Pigeon Forge

Pigeon Forge, Tennessee, is a small city known for its stunning mountain views and proximity to the Great Smoky Mountains National Park, the most visited national park in the country. The town attracts millions of visitors annually, contributing to a robust $2.1 billion economy in 2022, with tourism-related jobs employing about 85% of residents. The city is famous for attractions like Dollywood, the Titanic Museum, and various outdoor activities such as hiking, camping, and zip lining. The Pigeon Forge Greenway System connects several parks with 6 miles of walking and biking trails, and plans are underway to expand this to 20 miles. The housing market features cabin-style homes, many with resort-style amenities, and new construction projects are adding nearly 1,000 residences to accommodate growth. The Parkway, the main thoroughfare, is lined with southern-style dining options, dinner theaters, and shopping outlets, including the Tanger Outlets in nearby Sevierville. Traffic can be heavy, especially during peak tourist seasons, but new infrastructure projects like the Jake Thomas Connector aim to alleviate congestion. Public transportation includes a trolley service that connects to Dollywood and Gatlinburg. Schools in Pigeon Forge are part of the Sevier County School District, which offers various advanced and career-focused programs.

Learn more about living in Pigeon Forge

Home Trends in Pigeon Forge, TN

On average, homes in Pigeon Forge, TN sell after 58 days on the market compared to the national average of 53 days. The median sale price for homes in Pigeon Forge, TN over the last 12 months is $559,500, down 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$559,500

Median Single Family Sale Price

$650,000

Median Townhouse Sale Price

$1,749,000

Median 2 Bedroom Sale Price

$380,000

Median 1 Bedroom Sale Price

$330,300

Average Price Per Sq Ft

$367

Number of Homes for Sale

224

Last 12 months Home Sales

424

Months of Supply

6.30

Median List Price

$599,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

-2%

How to Buy a Home How to Finance a Home How to Sell a Home

In Pigeon Forge, there are currently 10 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $475,000 to $7,200,000, there's a range to accomodate every budget. As of December, 2025 the median home price in Pigeon Forge is $599,900, while the average sale price is $634,369, offering insights into the local housing market. On average, multi-family homes spend 58 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Pigeon Forge, TN.

Pigeon Forge Types of Homes for Sale

Pigeon Forge Homes by Price

Pigeon Forge Real Estate Listings

Pigeon Forge New Construction Homes

More About Living in Pigeon Forge

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage