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Donna Rickard
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516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738

$3,975,000
  • 516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738 Main Photo

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Active
BEDS12 BATHS8 full MLS#712450
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

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.

516 & 537 Proffitt Rd & Johnson Lane | MLS# 712450

This multi-family property located at 516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738 is currently listed for sale with an asking price of $3,975,000. Search Gatlinburg real estate on www.donnarickard.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Heating: Central
Lot Size: 0.01 Acres
Year Built: 2007

Units

Unit Type 1:
Bedrooms: 3
Full Baths: 2
Rent: $3999.00
Square Footage: 1550.00
Unit Type 2:
Bedrooms: 3
Full Baths: 2
Rent: $3999.00
Square Footage: 1550.00
Unit Type 3:
Bedrooms: 3
Full Baths: 2
Rent: $3999.00
Square Footage: 1550.00
Unit Type 4:
Bedrooms: 3
Full Baths: 2
Rent: $3999.00
Square Footage: 1550.00

Feature Descriptions

Appliances: Dryer, Washer/Dryer Stacked, Washer, Refrigerator, Microwave, Electric Range, Dishwasher
Days on Site: 37
Exterior: Frame, Wood Siding
Flooring: Luxury Vinyl
HOA Y/N: No
Interior: Ceiling Fan(s)
Laundry: Laundry Closet, In Unit, Inside
Lot: Views, Wooded
Parcel #: 117E H 00501 000
Porch/Patio/Deck: Rear Porch
Sewer: Public Sewer
View: Mountain(s), Trees/Woods
Water: Public
Windows: Insulated Windows

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty
Agency Phone: (865) 694-5904

Shown By

Agent Name: Donna Rickard
Agent Phone: (865) 548-6730
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: Lakeway MLS

Estimate Your Payment

Estimated Payment

$ 10,006.00 per month $8,846.63 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,159.38 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/09/2026. The listing information on this page last changed on 09/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 09/09/2026 3:33:55 PM EST) or GAMLS (last updated Wed 09/09/2026 3:25:30 PM EST) or CARMLS (last updated Wed 09/09/2026 3:25:46 PM EST) or MAAR MLS (last updated Wed 09/09/2026 3:26:28 PM EST) or FMLS (last updated Wed 09/09/2026 3:19:01 PM EST) or East Tennessee REALTORS (last updated Wed 09/09/2026 3:25:22 PM EST) or RealTracs (last updated Wed 09/09/2026 3:26:33 PM EST) or Arkansas CARMLS (last updated Wed 09/09/2026 3:29:29 PM EST) or GSMAR MLS (last updated Wed 09/09/2026 3:15:50 PM EST) or Baldwin County MLS (last updated Wed 09/09/2026 3:31:18 PM EST) or Tennesse Virginia MLS (last updated Wed 09/09/2026 1:57:33 PM EST) or Emerald Coast MLS (last updated Wed 09/09/2026 3:26:06 PM EST) or Northeast Oklahoma Real Estate (last updated Wed 09/09/2026 3:24:45 PM EST) or Southern Kentucky MLS (last updated Wed 09/09/2026 1:56:15 PM EST) or SOMO MLS (last updated Wed 09/09/2026 3:03:48 PM EST) or North Georgia MLS (last updated Wed 09/09/2026 2:47:38 PM EST) or Golden Triangle MLS (last updated Wed 09/09/2026 3:26:54 PM EST) or MLS United (last updated Wed 09/09/2026 3:26:26 PM EST) or Lakeway MLS (last updated Wed 09/09/2026 3:32:38 PM EST) or Batesville MLS (last updated Wed 09/09/2026 3:00:27 PM EST) or North Central Mississippi MLS (last updated Wed 09/09/2026 11:32:36 AM EST) or Hot Springs MLS (last updated Wed 09/09/2026 12:27:50 PM EST) or Huntsville/Valley MLS (last updated Wed 09/09/2026 2:58:18 PM EST) or Shoals MLS (last updated Wed 09/09/2026 12:30:11 PM EST) or Tupelo MLS (last updated Wed 09/09/2026 2:39:36 PM EST) or NEAKBOR MLS (last updated Wed 09/09/2026 2:11:11 PM EST) or EAKBOR MLS (last updated Wed 09/09/2026 3:23:07 PM EST) or CWTAR MLS (last updated Wed 09/09/2026 3:13:50 PM EST) or NWAKBOR MLS (last updated Wed 09/09/2026 3:29:33 PM EST) or Upper Cumberland MLS (last updated Wed 09/09/2026 2:59:50 PM EST) or Hattiesburg MLS (last updated Wed 09/09/2026 2:59:36 PM EST) or Puerto Rico MLS (last updated Wed 09/09/2026 3:25:11 PM EST). Real estate listings held by brokerage firms other than Crye-Leike Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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