Ashley Kelsey

License#: 137581

EXTREMELY RARE 4 PLEX with a classic LONG RANGE SMOKY MOUNTAIN VIEW with each units used as a SHORT TERM RENTAL ! ! ! Potential to add a 5TH RENTAL UNIT!!! 2025 GROSS RENTAL INCOME @ $187,930!!! Units A, B & C are 3BR / 2.5BA townhome floor plans. Unit D is a 2BR / 2BA unit. For the VALUE ADD or FORCED EQUITY investors, there is potential to add a 5TH RENTAL UNIT!!! Unit C has an unfinished area directly above it that that could be converted into a 5TH UNIT, similar to Unit D, if the new buyer chooses. The size of the potential 5TH UNIT would be the same as Unit D at approximately 1400sqft. Each unit has a great LONG RANGE VIEW from the rear of the property. Units A & C have 2 decks and Unit B has 4 (3 decks out back with the view and one covered deck in front of the property overlooking the parking area). Please note in some listing photos show trees were not cleared, but have been recently removed. TOO MANY UPGRADES to list them all: new metal roof, new HVACs for every unit, new hot water heaters for every unit, new kitchen cabinets & granite in Units A & C, new electric fireplaces, new furniture, a new $15,000 water treatment and storage system with UV light so each unit gets purified water when they need it, new smart locks, new plumbing system where water can be shut off to one unit but the other three do not have to do without water, etc., etc. The seller has a background in construction and they have spared no expense in time and/or budget bringing this property back to life with minimal worries about critical system failures. TWO LOTS will also convey with the property: the one in which is it built and the lot to the right of the property (as you're facing the fourplex). HIGH SPEED BROADBAND INTERNET via Comcast/Xfinity available for each unit! Seller is open to transferring equipment leases to new owner to ensure no lack of service for tenants but Buyer will have to work with Comcast/Xfinity to get it setup prior to closing.

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Ashley Kelsey

General

  • Property Type: Single Family
  • Status: Active
  • MLS#: 3520694
  • List Price: $1,850,000
  • List Date: 08/22/2026
  • Year Built: 1990
  • County: Sevier County, TN
  • Subdivision: Chapel Hills
  • Beds: 11
  • Full Bathrooms: 8
  • Half Bathrooms: 3
  • Sq. Ft.: 6,360
  • Directions: GPS friendly -- BUT -- Take Rogers Way through ''For By Grace''. Do not through Dollys Drive b/c of construction traffic on Dollys Drive. From Sevierville, take 441 East towards Newport. Right on Pittman Center Rd. Left on Catons Chapel Rd.Right on Rogers Way. Follow to the end and it merges into Dollys Drive. 4plex on your right.

Interior Features

  • Interior Features: High Speed Internet

Exterior Features

  • Roof Type: Metal

Utilities

  • Cooling: Electric
  • Water: Well
  • Sewer: Septic Tank
  • Heating: Other
 

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