Land with Home for Sale in Walland, Tennessee
4532 E Lamar Alexander Pkwy, Walland, TN 37886
A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains. Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities. Buyer to verify all information.
Location
- Street address
- 4532 E Lamar Alexander Pkwy
- County
- Blount County
- Zip code
- 37886
- Community
- Skinner
- Elevation
- 936 feet
Directions
From Maryville, travel south on US-321/E Lamar Alexander Parkway toward Townsend. Continue through Walland approximately 10 miles. Property is located at 4532 E Lamar Alexander Parkway on the right.
Property details
- Acreage
- 5.39 acres
- MLS #
- KAARMLS 1356814
- Posted
Property taxes
- Recent
- $684
Parcels
- 060 086.00
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
- Franchise
- Keller Williams Realty
Lot
- Features
- Irregular Lot, Private, Rolling Slope, Wooded
Exterior
- Parking
- Off Street, RV
- Pool
- Porch
- Structures
- Storage
- Features
- Windows-Vinyl
Structure
- Basement
- Partially Finished
- Water
- Public, Well
- Sewer
- Septic Tank
- Heating
- Central, Electric, Forced Air, Propane
- Cooling
- Ceiling Fan(s), Central Air
- Materials
- Brick, Frame, Vinyl Siding
- Windows
- Wood Frames
Interior
- Room Count
- 8
- Rooms
- Basement, Bathroom x 2, Bedroom x 3
- Flooring
- Hardwood, Laminate, Tile, Vinyl
- Fireplaces
- Yes
- Appliances
- Dishwasher, Gas Range, Microwave, Refrigerator, Self Cleaning Oven
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 25, 2026 | New listing | $555,000 | — | KAARMLS |
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