TN
Sevier
Gatlinburg
37738
516537 Proffitt Rd. & Johnson Lane, Gatlinburg, TN 37738
Share Listing
Listing Type
Multi Family
Listing Status
Active
57
$3,975,000

Home Details for 516537 Proffitt Rd. & Johnson Lane

Price
$3,975,000
Type
Residential Income
Square feet
1550
Year built
2007
County
Sevier
Days on site
46
MLS Listing#
3319715
Property Description

Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln Townhomes 1 & 2, and 541 Johnson Ln Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.

Property Features
  • Parking
    • Parking Lot
    • Paved
  • Cooling Information
    • Central Air
  • Heating Information
    • Other
  • Water Features
    • Public
  • Utilities
    • Water Available
School Information
School Information for 516537 Proffitt Rd. & Johnson Lane, Gatlinburg, TN 37738
Elementary School
Pittman Center Elementary
Middle School
Gatlinburg Pittman Junior High
High School
Gatlinburg Pittman High
Listing Courtesy: Keller Williams Realty - 865-694-5904
RealTracs logo Based on information submitted to the MLS GRID as of 2026-09-10 20:30:26 . 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.
Last Updated: 2026-09-10 20:30:26
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from RealTracs.
EXIT TLC REALTY
149 Kelsey Lane Suite 102, Lenoir City, TN 37772
Office
865 816 3094
Request more details
Code: