$2,490,000

202 Spring Valley Rd Sevierville, TN 37863

Estimated payment $13,363/month

-- Bed
-- Bath
11,036 Sq Ft
$226 Price per Sq Ft

Highlights

  • 0.5 Acre Lot
  • Covered Patio or Porch
  • Central Heating and Cooling System
  • Gatlinburg Pittman High School Rated A-
  • Balcony
  • Carpet

About This Home

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

Listing Agent

Michael Cole

Karen Whitlock Realty License #298242 Listed on: 11/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,947

Year Built

  • Built in 1983

Home Design

  • 11,036 Sq Ft Home
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Flooring

  • Carpet
  • Laminate

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Additional Features

  • Range
  • 0.5 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 095 048.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,947

Year Built

Built in 1983

Lot Details

0

Listing Details

  • 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
  • Prop. Type: Residential Income
  • Year Built: 1983
  • Lot Size Acres: 0.5
  • Lot Size: 220.47x129.66 IRR
  • General Property Description:Driveway: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Owner Pays: Water, Lawn Maintenance, Common Area Maintenance, Taxes, Sewer, Exterior Maintenance, Roof Maintenance
  • Flooring: Carpet, Laminate, Luxury Vinyl Plank

Exterior Features

  • Construction Type: Block, Frame, Other
  • Patio And Porch Features: Porch - Covered
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 21780.0
  • Parcel #: 095 048.01

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 222000.0

Tax Info

  • Tax Annual Amount: 3946.51

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2025 11/05/25 For Sale $2,490,000 +55.6% $226 / Sq Ft
10/31/2024 10/31/24 Sold $1,600,000 0.0% $145 / Sq Ft View Prior Sale
09/27/2024 09/27/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $1,600,000 -- $145 / Sq Ft
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1320840

East Tennessee REALTORS® MLS
Tennessee Sevier County Sevierville 37863

202 Spring Valley Rd, Sevierville, TN

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.

East Tennessee REALTORS® MLS 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.

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Michael Cole
Listing Agent
Michael Cole
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Karen Whitlock Realty
(865) 448-7519