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620 Lovers Lane, 
Greeneville, TN 37743

$589,900


Bed


Bath


4,766

Sq Ft


Multi-Family

Active

Listed by

Lucia Fillers

Preferred Properties Of East Tennessee

423-783-0051

Last updated:

March 10, 2026, 11:54 PM

MLS#

9992067

Source:

TNVA MLS

About This Home

620 Lovers Lane

Excellent income-producing 7-unit Class B investment property in a peaceful country setting on approximately 1.6 acres with room for future expansion. Back property line borders Gass Creek. The property includes a 6-unit apartment building (620 Lovers Lane) built in 1979 and a separate 1994 2-bedroom single-wide mobile home (646 Lovers Lane), providing multiple income streams on one property. The apartment building consists of five 1-bedroom, 1-bath units (Units 2-6) and one spacious 2-bedroom, 1-bath unit (Unit 1). Units 2-6 feature stove, refrigerator, dishwasher, washer/dryer hookups, laminate and tile flooring, crown molding, 36'' doors, and heat pumps, with Unit 6 offering a covered porch. Unit 1 features a large private back deck and recent updates of luxury vinyl plank flooring (2025), freshly painted (2025), new tub/shower (2025). The mobile home offers 2 bedrooms and 1 bath with stove, refrigerator, space-saver microwave, washer/dryer hookups, laminate flooring, heat pump, covered back deck, and covered front porch with ramp, plus an attached carport. The property offers concrete parking (2024) with two spaces per apartment unit, additional parking, carport parking for the mobile home, and separate storage building space for tenant use. All seven units are currently leased on annual leases, providing stable income. Current rents: Unit 1 - $875/month, Units 2-6 - $750/month each, Mobile Home - $850/month. Annual Gross Income: $66,000. Each unit is separately metered for electric (tenant paid). Owner provides water, dumpster service, septic service, and yard maintenance, with the property served by 4 septic systems. Convenient location within 10 minutes from Greeneville center and 15 minutes to I-81 exits 23 & 30, within the Mosheim Elementary (K-8) and West Greene High School districts. Strong opportunity for investors seeking stable cash flow, low vacancy potential, and expansion possibilities. Property information packet available. Buyer and/or Buyer's Agent to verify all information.

Home Facts

Multi-Family

Built in 1979

Price Summary

589,900

$123 per Sq. Ft.

MLS #:

9992067

Last Updated:

March 10, 2026, 11:54 PM

Added:

4 day(s) ago


Structure

Structure

Building Area:

4,766 Sq. Ft.

Year Built:

1979


Lot

Lot Size (Sq. Ft):

72,309


Finances & Disclosures

Finances

Price:

$589,900

Price per Sq. Ft:

$123 per Sq. Ft.

Source:TNVA MLS
The information being provided by Tennessee Virginia Regional Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Tennessee Virginia Regional Mls All rights reserved.

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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.