Price Changed

516 & 537 proffitt rd & johnson ln

Gatlinburg, TN 37738

$3,975,000

21 BEDS
1,550 SQFT
Residential - Condo
Price Changed
Image 1: Turnkey Front Pic
Image 2: 04-520 Proffitt Rd02
Image 3: 06-520 Proffitt Rd04
Image 4: 31-520 Proffitt Rd 29
Bedrooms 21
Full Baths 14
Square Feet 1550
Acreage 0.01
Status Active
MLS # 9999038
County Sevier
More Info
Category Residential - Condo
Status Active
Square Feet 1550
Acreage 0.01
MLS # 9999038
County Sevier
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. 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 renovated top to bottom in 2026. Every unit is fully furnished. 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.

Exterior Features

  • Style Townhouse
  • Construction Condo
  • Siding Metal
  • Exterior Balcony
  • Roof Metal
  • Garage No
  • Water Private
  • Sewer Public Sewer

Interior Features

  • Heating Central
  • Cooling Ceiling Fan(s), Central Air
  • Living Area 1,550 SQFT
  • Year Built 2007

Neighborhood & Schools

  • Subdivision Not Listed
  • Elementary School Pittman Center Elementary School
  • Middle School Gatlinburg-Pittman
  • High School Gatlinburg Pittman High School

Financial Information

  • Parcel ID 117e H 00501 000
  • Zoning R 2

Listing Information

Listing Provided Courtesy of Keller Williams Realty Knoxville
The data for this listing came from the TN/VA MLS.
Listing data is current as of 08/26/2026.

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