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359 Co Rd 475, 
Etowah, TN 37331

$1,200,000


Bed


Bath


10,848

Sq Ft


Multi-Family

Active

Listed by

Barbara Ratledge

East Tennessee Properties LLC.

423-453-5722

Last updated:

July 19, 2026, 02:36 PM

MLS#

3251237

Source:

NASHVILLE

About This Home

359 Co Rd 475

Exceptional Investment & Hospitality Opportunity on 21.75± Acres | Multiple Income Streams | Event Venue Potential Discover an extraordinary investment opportunity in the heart of East Tennessee, where natural beauty meets exceptional income-producing potential. Spanning approximately 21.75 acres across two parcels (Parcel #118 034.02 - 14.96 acres and Parcel #118 034.00 - 6.79 acres), this unique property offers a rare combination of established rental income, event capabilities, expansion opportunities, and breathtaking mountain surroundings. Whether your vision includes a thriving short-term rental business, boutique hospitality destination, wedding venue, retreat center, agritourism venture, nonprofit campus, multi-family investment, or a combination of income-producing uses, this property provides the versatility to bring those ideas to life. The property currently features multiple structures designed to support a variety of residential and commercial-style uses, including: • Single-family residence (359 County Rd 475) built in 1917 • Triplex (361 County Rd 475) built in 1992 • Quadplex (353 County Rd 475) built in 1995 featuring four residential rental units, a community laundry room, and a spacious lower-level event hall suitable for gatherings, meetings, receptions, or private events • Outdoor pavilion for entertaining and group activities • Amphitheater providing additional space for weddings, performances, community events, or outdoor gatherings. (with a little tlc) The property's peaceful setting creates a retreat-like atmosphere while offering significant flexibility for both personal and business use. Mature trees, open spaces, mountain views, and a creek along the rear of the property provide a picturesque backdrop for guests, residents, and visitors alike. Investment possibilities include: • Short-term vacation rentals or Airbnb accommodations • Boutique lodge or hospitality business

Home Facts

Multi-Family

Built in 1995

Price Summary

1,200,000

$110 per Sq. Ft.

MLS #:

3251237

Last Updated:

July 19, 2026, 02:36 PM

Added:

23 day(s) ago


Rooms & Interior

Interior

Living Area:

10,848 Sq. Ft.


Structure

Structure

Building Area:

10,848 Sq. Ft.

Year Built:

1995


Finances & Disclosures

Finances

Price:

$1,200,000

Price per Sq. Ft:

$110 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.