$600,000

5551& 5611 River Rd Decatur, TN 37322

Estimated payment $3,423/month

Total Views 104
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Main Floor Bedroom
  • Tile Flooring
  • Central Heating and Cooling System
  • Window Unit Cooling System

About This Home

Income-Producing Investment Opportunity! Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 10 rental units, including 8 cabins, 1 single-wide manufactured home, 1 double-wide manufactured home, and an additional lot located across the street, offering room for future expansion or development (buyer to verify intended use). The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, and a 3-bedroom, 2-bath double-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $6,000 in gross monthly rental income, totaling approximately $72,000 annually, with the cabins renting for $550 per month each and both manufactured homes renting for $800 per month. Situated along the river, this property offers direct access to excellent fishing and a peaceful natural setting that appeals to both long-term tenants and short-term vacation guests. Investors may choose to continue the current long-term rental operation or explore the potential for vacation rentals, Airbnb cabins, corporate housing, or other income-producing ventures, subject to local regulations and approvals. Whether you're looking to expand your investment portfolio or own a versatile riverside property with established income and future upside, this one-of-a-kind opportunity is not to be missed. Schedule your private showing today and discover the possibilities this exceptional property has to offer. Cabins are zoned commercial, double wide is zoned residential, and the extra lot is zoned residential. Buyer to verify all pertinent information.

Listing Agent

Cali Walden

East Tennessee Properties, LLC License #322745 Listed on: 07/23/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,845

Year Built

  • Built in 1977

Home Design

  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Flooring

  • Carpet
  • Laminate
  • Tile

Parking

  • No Garage
  • Gravel Driveway

Schools

  • Meigs Middle School
  • Meigs County High School

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Natural Gas Not Available

Additional Features

  • Range
  • Main Floor Bedroom

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 027F B 008.00, 007.00, 026.02

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,845

Year Built

Built in 1977

Lot Details

0 Sq Ft Lot

Listing Details

  • Directions: From decatur take river road north to property on the left.
  • Prop. Type: Residential Income
  • Year Built: 1977
  • Lot Size: 3.01 acres
  • General Property Description:Driveway: gravel
  • Construction:Construction: Frame
  • Fuel:Fuel: None
  • Other Rooms:Other Rooms: Bedroom Main Level, Mstr Bdrm Main Level
  • Property Sub-Type:Property Sub-Type: Other
  • Type of Units: 2 Bedroom Unit, 3 or more Bdrm Units, Unfurnished
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: None
  • GarageParking:GarageParking: None

Utilities

  • Cooling: Central Air, Window Unit(s), Other
  • Cooling Y N: Yes
  • Heating: Central, Other
  • Heating Yn: Yes

Schools

  • High School: Meigs County
  • Middle Or Junior School: Meigs

Lot Info

  • Parcel #: 027F B 008.00, 007.00, 026.02

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 72000.0

Tax Info

  • Tax Annual Amount: 1844.77

Map

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/23/2026 07/23/26 For Sale $600,000 -- --
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1349183

East Tennessee REALTORS® MLS
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