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

Gatlinburg, TN, 37738

$3,975,000

1 / 59

Property facts

21Bedrooms

14Bathrooms

0.01 acresLot size

2007Year built

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Property story

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.

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Details behind the photos.

Subdivision: Cambridge Estates
Architectural style: Contemporary
Construction: Frame, Wood Siding
Interior features: Eat-in Kitchen, Kitchen Island
Appliances: Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer, Dryer
Heating: Central, Electric
Cooling: Ceiling Fan(s), Central Air
Fireplace: None
Parking: Main Level, Off Street, Common, Assigned
View: Wooded, Seasonal Mountain View
Water source: Public
Sewer: Public Sewer
Annual tax: $924

Estimate monthly ownership costs

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Live list price$3,975,000

Down payment

$795,000 down · $3,180,000 estimated loan

Interest rate

Loading the current national mortgage-rate benchmark. Freddie Mac PMMS via FRED.

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The national mortgage-rate benchmark is not a personalized rate and may differ for investment properties, second homes, credit profiles, loan programs, points, and occupancy. This planning estimate is not a loan quote, APR, credit decision, approval, or guarantee of taxes, insurance, investment returns, or final ownership costs. Confirm financing terms and property-specific expenses with the appropriate licensed professionals and service providers.

Agent: Chris Ball

Office: Keller Williams Realty

Listing Update Timestamp: 2026-08-22T18:35:40Z