Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker Kinard Realty

Property view
Listing view 2
Listing view 3

4532 E Lamar Alexander Pkwy, 
Walland, TN 37886

$555,000


3

Beds


2

Baths


1,320

Sq Ft


Single Family

Active

Listed by

Katelyn Bethmann

Greater Impact Realty

865-800-3544

Last updated:

October 31, 2026, 07:50 PM

MLS#

1356814

Source:

TN KAAR

About This Home

4532 E Lamar Alexander Pkwy

A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains. Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities. Buyer to verify all information.

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1957

Subdivision & Development:

Skinner

Price Summary

555,000

$420 per Sq. Ft.

MLS #:

1356814

Last Updated:

October 31, 2026, 07:50 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,320 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

1,320 Sq. Ft.

Year Built:

1957


Lot

Lot Size (Sq. Ft):

234,788


Finances & Disclosures

Finances

Price:

$555,000

Price per Sq. Ft:

$420 per Sq. Ft.

Source:TN KAAR
The information being provided by East Tennessee REALTORS® 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 East Tennessee REALTORS® All rights reserved.

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.

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.