202 Spring Valley Rd

$2,490,000
Price
Beds
Baths
11,036 Sq. Ft.
$226 / Sq. Ft.
11,036
Sq. Ft.
$226
per Sq. Ft.

Description

Great investment opportunity—Pigeon Forge, right off the parkway—great location! 16-unit apartment complex consisting of three large two-story buildings, 12 one-bedroom units and 4 two-bedroom units. All units are occupied, and some recent upgrades and remodels have been made. Showings are appointment only—call to set one up! Please note--the buildings were not built the same year. They were 1979, 1983, and 1990Great investment opportunity—Pigeon Forge, right off the parkway—great location! 16-unit apartment complex consisting of three large two-story buildings, 12 one-bedroom units and 4 two-bedroom units. All units are occupied, and some recent upgrades and remodels have been made. Showings are appointment only—call to set one up! Please note--the buildings were not built the same year. They were 1979, 1983, and 1990
  1. Listed by Michael Cole • Karen Whitlock Realty

Amenities

  • Air Conditioning
  • Parking Included
  • Private Outdoor Space
LISTING UPDATED: 11/05/2025 05:18 PM

Property Details for 202 Spring Valley Road

StatusActive
MLS #1320840
Days on Market53
Taxes$3,947 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1983
Lot Size0.50 AC / 21,780 SF
CountySevier County

Location

Listing Courtesy of Karen Whitlock Realty, Michael Cole
Add your commute

Building Information for 202 Spring Valley Road

Stories-Residences16Year Built1983Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$12,633 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,304

Property Taxes

$329

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 202 Spring Valley Road

Summary
Location and General Information
  • City: Pigeon Forge
  • County Or Parish: Sevier County - 27
  • Directions: Coming from Gatlinburg, right before leaving the spur and entering Pigeon Forge look on your right for sign saying Spring Valley Rd. If you are coming from Pigeon Forge, you'll have to go into spur, take first bridge to other side then come on down to Spring Valley Rd on right before you enter Pigeon Forge
  • Latitude: 35.774327
  • Longitude: -83.535274
  • MLS Area Major: Sevier County - 27
  • MLS Area Minor: Sevier County - 27
  • Postal Code: 37863
  • State Or Province: TN
  • Location Tax Legal Info Area: Sevier County - 27
  • Remarks Misc Directions: Coming from Gatlinburg, right before leaving the spur and entering Pigeon Forge look on your right for sign saying Spring Valley Rd. If you are coming from Pigeon Forge, you'll have to go into spur, take first bridge to other side then come on down to Spring Valley Rd on right before you enter Pigeon Forge
Parking
  • Attached Garage: No
  • Parking Features: Off-Street Parking
  • General Property Description Driveway: Yes
  • Garage Parking Off-Street Parking: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 095 048.01
  • Owner Expenses Taxes: True
  • Location Tax Legal Info Total Tax: 3946.51
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Building Area Source: Tax Records
  • Lot Size Area: 21780.0
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 21780.0
  • Year Built: 1983
  • Building Area Total: 11036.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.5
  • Lot Size Dimensions: 220.47x129.66 IRR
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 220.47x129.66 IRR
  • General Property Description Lot Size SqFt: 21780.0
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 0.0
  • Fuel Electric: True
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Frame, Other
  • Siding Other: True
  • Exterior Features Porch - Covered: True
  • Miscellaneous Balcony: True
  • Miscellaneous Porch: True
Interior Features
  • Cooling: Central Cooling
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Kitchen Appliances: Range, Refrigerator
  • Heating Details: Central, Electric
  • Flooring: Laminate, Carpet
  • Heating: Yes
  • Heating Central: Yes
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Floors Laminate: True
  • Heat Central: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Other Rooms Other: True
  • Roof Composition: True
  • Roof Shingle: True
Multi Family
Income & Expenses Information
  • Gross Income: $222,000.00
Multi-Family Information
  • Number Of Units Total: 16
  • Type of Units 1 Bedroom Unit: True
  • Type of Units 2 Bedroom Unit: True
  • Income Expenses Gross Annual Income: 222000.0
Rental
Rent Information
  • General Property Description Number of Units Leased: 16.0
  • Tenant Expenses Cooling: Central Cooling
  • Tenant Expenses Heating: Central,Electric

Property History for 202 Spring Valley Road

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Listed (Active)

KAARMLS #1320840

$2,490,000
Oct 31, 2024

Closed

KAARMLS #1277412

$1,600,000
Sep 27, 2024

Contract - Not Showing

KAARMLS #1277412

Sep 23, 2024

Listed (Active)

KAARMLS #1277412

$1,600,000
DateEvent & SourcePrice
11/05/2025

Listed (Active)

KAARMLS #1320840

$2,490,000
10/31/2024

Closed

KAARMLS #1277412

$1,600,000
09/27/2024

Contract - Not Showing

KAARMLS #1277412

09/23/2024

Listed (Active)

KAARMLS #1277412

$1,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 202 Spring Valley Road

Taxable ValueLand$40,800Additions$199,080Total$239,880
Tax Record2021$3,946 ($329 / month)
Home Facts
Total Finished SqFt3,782 SqFtAbove Grade Finished SqFt3,782 SqFtStories2Lot Size21,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1983Year Renovated1992ZoningC-2CountySEVIERAPN078095 04801

Schools near 202 Spring Valley Road

This home is within Sevier County School District.
Rating
School
Type
Grades
Distance
Public - 4 to 6
Public - 7 to 9
Public - 10 to 12
Public - PK to 6
Rating
School
Distance
Pigeon Forge Intermediate
Public4 to 6

Pigeon Forge Middle School
Public7 to 9

Pigeon Forge High School
Public10 to 12

Pi Beta Phi Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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202 Spring Valley Road is a multi-family home for sale in Pigeon Forge, TN 37863. This property was listed for sale on November 5, 2025 by Karen Whitlock Realty, it's currently listed at $2,490,000. It has been on the market for a total of 53 days and was last sold on October 31, 2024. This listing's school district is Sevier County School District. Nearby schools include Pigeon Forge Intermediate, Pigeon Forge Middle School and Pigeon Forge High School. 202 Spring Valley Road is a 0-bed, 0-bath, 11,036 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Karen Whitlock Realty, Michael Cole

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MTRMLS, Inc. All Rights Reserved. Last updated: 11/05/2025 05:18 PM