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21 Beds
14 Baths
10,850 sqft

$3,975,000

516 & 537 Proffitt Rd. & Johnson Ln. 1-7, Gatlinburg TN, 37738

Price per sqft$366.36
Built in2007
Property size10,850 sqft
Property typeResidential
Courtesy of Keller Williams Realty, Chris Ball

Overview

Active

Listed Aug 3, 2026

Updated 3 weeks ago

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.

$26,446/mo

Est. mortgage payment based on a $3,975,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1349974

Interior Features

Bedrooms
21
Bathrooms
14
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.01 Acres

Other Property Details

View
Yes

Courtesy of Keller Williams Realty, Chris Ball

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Data last updated 4:52 AM UTC, 8/23/2026

 

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