# 508 E Central Ave, Lafollette, TN 37766

> **TL;DR:** residential multi family, $575,000 ($142/sqft), built 1930, 4,040 sqft.
> A/C. Est. $2,492/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $575,000 |
| Price/sqft | $142 |
| Square Feet | 4,040 |
| Year Built | 1930 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,492 |
| **Total** | **$2,492** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1930

## Description

### 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.

## Location

- **Address:** 508 E Central Ave, Lafollette, TN 37766
- **County:** Campbell County - 37
- **Coordinates:** 36.384823, -84.116883
- **Google Maps:** https://www.google.com/maps?q=36.384823,-84.116883

## Listing Agent

- **Name:** Mark Hunter
- **Brokerage:** United Real Estate Solutions
- **Phone:** 8657248106
- **Email:** markhuntertnrealtor@gmail.com

## Primary Photo

![508 E Central Ave - Primary Photo](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f3583117101r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.com/listing/508-e-central-ave-lafollette-tn-37766-1344805)*

---

**MLS#:** 1344805 | **Updated:** 2026-06-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/508-e-central-ave-lafollette-tn-37766-1344805)

---

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