Multi-Family: MLS #1351081 Rutledge, TN $ 699,000
Multi-Family: MLS #1351081
$ 699,000
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Multi-Family: MLS #1351081

Rutledge, TN, 37861
$ 699,000
Bedrooms-- Baths0.0 Sq 1,248

Monthly Estimate*

$ 4,828

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Multi-Family Home for sale in Rutledge, TN

for $699,000. This 1,248 square foot home was built in 2025.

Three streams of income today... room for so much more tomorrow. Discover the perfect blend of immediate cash flow and unlimited future potential with this one-of-a-kind commercial investment opportunity in Rutledge, Tennessee. Situated on 33.04 gated acres, this unique property includes three income-producing tiny homes, each currently occupied by long-term tenants, providing instant rental revenue from day one. Beyond the existing income, the possibilities are nearly endless. A logging road winds throughout the mostly wooded property, making it easy to explore the land and envision its future. Whether you're looking to expand the current rental portfolio, create a tiny home community, develop additional homesites, establish a private retreat, or simply invest in East Tennessee land, this property offers the space and flexibility to bring your vision to life. Dreaming of a homestead? This property offers the privacy, acreage, water features, and infrastructure to create your own self-sufficient lifestyle. Looking for a multigenerational family compound? With three existing residences and ample room for additional homes, it's an ideal setting for keeping loved ones close while still allowing everyone their own space. A carport/workshop with electricity and water is already in place and is positioned near a generous area of level ground, creating an ideal location for another home, guest house, workshop, or future expansion. Enjoy the peaceful setting complete with a private pond, mature timber, established logging roads, and the security of a gated entrance. Income-producing properties with this much acreage and development potential are increasingly rare. Whether you're an investor seeking immediate returns, a family searching for room to grow together, or someone ready to embrace the homesteading lifestyle, this exceptional property offers an opportunity that's difficult to duplicate.

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Multi-Family Active

Price

$ 699,000

Property Type

Multi-Family

Taxes

$ 122

Style

Year Built

2025

Town/City

Rutledge

County/Region

Grainger

MLS | Web ID

1351081

Features
General
Heating Heat Pump Electric
Cooling Central Cooling
Construction Materials Frame Other
Year Built 2025
County Grainger County - 45
Property Type Multi-Family
Attached Garage false
Status Active
Directions From US-11E N Turn left onto Churchview St. Turn left onto TN-92 N Turn right onto TN-375 N. Destination will be on the left. No sign on property. Latitude: 36.259541 Longitude: -83.421294
City Rutledge
Number Of Units Total 3
MLS Area Grainger County - 45
MLS Area Minor Grainger County - 45
Standard Status Active
New Financing Cash true
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features On Premise Parking
Building Area Total 1248
Lot Dimensions 1181x1571x46x707x83x102x340x805
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* Excluded Features
List By
Randy Hobbs

Listing Agent

Wallace

Broker

randy.hobbs03@gmail.com

Email

Affordability Calculator

$4,838
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,828
Monthly Property Taxes
$10
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2026$699,000 Listed Price

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