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About This Home

This 0-bedroom, 0-bathroom residential multi family at 508 E Central Ave in Lafollette, TN is listed for $575,000 ($142 per sqft). Built in 1930, the home offers 4,040 sqft of living space on a N/A lot.

Agent Description

Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 8-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly.

Highlights: - Eight fully renovated units across two buildings, thoughtfully updated for durability and market appeal. - Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays.

- Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts. - Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services.

- Investment-friendly pricing designed to facilitate a smooth transaction and fast close. Why this works for investors: - Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs. - Recent renovations reduce near-term capex and lower maintenance headaches.

- Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access. This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.

Key Features

  • Built in 1930

Property Details

1930

Amenities

A/C

Monthly Cost Estimate

$3,075/mo

20% down · 6.5% · 30 years

Principal$416
Interest$2,492
Insurance$168

Estimates only. Actual payments may vary.

Location

508 E Central Ave

Lafollette, TN 37766

Features & Amenities

Exterior Features

Windows - Vinyl

Property Details

Flooring

TileVinyl

Construction

Vinyl Siding Frame

Heating

CentralElectric (Heating)

Cooling

Central AirCeiling Fan(s)

Appliances

RangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 508 E Central Ave is listed at $575,000 ($142/sqft). The estimated monthly payment is $2,492 based on 20% down at 6.5% interest.

Key features include: Built in 1930. Exterior Features: Windows - Vinyl.

This property is listed by Mark Hunter and can be reached at 8657248106 or markhuntertnrealtor@gmail.com.

MH

Mark Hunter

Agent at United Real Estate Solutions

(865) 724-8106

Listed by United Real Estate Solutions · View on Broker Site

MLS# 1344805· Source: listhub· Updated 1 days ago

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

508 E Central Ave, Lafollette, TN 37766

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