2661 Valley Heights Dr Pigeon Forge, TN 37863
Estimated payment $13,991/month
Highlights
- 1.33 Acre Lot
- Wooded Lot
- Bonus Room
- Gatlinburg Pittman High School Rated A-
- 6 Fireplaces
- No HOA
About This Home
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 recreation area. The property includes: Unit 1: 3 Bedrooms, 3 Bathrooms Unit 2: 3 Bedrooms, 3 Bathrooms Unit 3: 3 Bedrooms, 2 Bathrooms Unit 4: 3 Bedrooms, 3 Bathrooms Unit 5: 3 Bedrooms, 2 Bathrooms Unit 6: 3 Bedrooms, 3 Bathrooms With strong rental performance, high guest satisfaction, and unbeatable convenience just minutes from Dollywood, The Island, and other top attractions, this is a rare chance to own multiple well-performing short-term rental asset in the Smoky Mountains.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $825
Year Built
- Built in 2001 | Remodeled
Lot Details
- 1.33 Acre Lot
- Wooded Lot
Home Design
- Vinyl Siding
Interior Spaces
- 9,792 Sq Ft Home
- 3-Story Property
- 6 Fireplaces
- Bonus Room
- Fire Sprinkler System
- Property Views
Kitchen
- Microwave
- Dishwasher
Flooring
- Carpet
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 18 Bedrooms
- 16 Full Bathrooms
Laundry
- Laundry closet
- Washer and Dryer
Parking
- Parking Available
- Paved Parking
- On-Site Parking
Additional Features
- Patio
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot U-1
- Assessor Parcel Number 083I B 00300C001
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $104 | $50,120 | $6,000 | $44,120 |
| 2024 | $104 | $31,325 | $3,750 | $27,575 |
| 2023 | $104 | $31,325 | $0 | $0 |
| 2022 | $516 | $31,325 | $3,750 | $27,575 |
| 2021 | $516 | $31,325 | $3,750 | $27,575 |
| 2020 | $502 | $31,325 | $3,750 | $27,575 |
| 2019 | $502 | $24,375 | $3,750 | $20,625 |
| 2018 | $502 | $24,375 | $3,750 | $20,625 |
| 2017 | $502 | $24,375 | $3,750 | $20,625 |
| 2016 | $502 | $24,375 | $3,750 | $20,625 |
| 2015 | -- | $23,375 | $0 | $0 |
| 2014 | $428 | $23,376 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | Price Changed | $2,575,000 | -1.0% | $263 / Sq Ft |
| 07/21/2025 07/21/25 | For Sale | $2,600,000 | -- | $266 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Special Warranty Deed | $270,000 | -- | |
| Foreclosure Deed | $684,377 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $292,600 | New Conventional | |
| Previous Owner | $346,000 | New Conventional | |
| Previous Owner | $330,000 | Commercial |
Source: Great Smoky Mountains Association of REALTORS®
MLS Number: 307499
APN: 083I-B-003.00-C-001
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