LKV Realty
Logo
$575,000
$2,900Reward *
508 E Central Ave, La Follette, TN 37766Listing ID 3243729

508 E Central Ave, La Follette, TN 37766

Active
Time on site: 59 daysLast updated: Jun 16, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Square Feet
Square Feet
4,040
Days on Site
Days on Site
59
Cooling
Cooling
Central Air, Ceiling Fan(s)
Heating
Heating
Central, Electric, Other
Year Built
Year Built
1930

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.

Property Information

Property Details

Location

Address
508 E Central Ave
County
Campbell County, TN
City
La Follette
Zip Code
37766

Interior Features

Other Rooms

Laundry Features
Washer Hookup, Electric Dryer Hookup

Building

Building Information

Square Feet
4,040
Year Built
1930
Construction
Frame, Vinyl Siding
Roof
Metal

Financial

Special Conditions
Standard

Property Taxes

Tax Annual Amount
$2,715
United Real Estate Solutions, (865) 444-2400

Market Report for 37766

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Realtracs
Realtracs logo

Based on information submitted to the MLS GRID as of 14 Aug 2026, 11:00 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

RTC510232