5551-5611 River Rd

Decatur, TN 37322

$600,000
Price
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Description

Income-Producing Investment Opportunity! Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 10 rental units, including 8 cabins, 1 single-wide manufactured home, 1 double-wide manufactured home, and an additional lot located across the street, offering room for future expansion or development (buyer to verify intended use). The property includes eight 2-bedroom,...Income-Producing Investment Opportunity! Exceptional opportunity to own a well-established income-producing property alongside the beautiful Chickamauga River with tremendous investment potential. This unique property features a total of 10 rental units, including 8 cabins, 1 single-wide manufactured home, 1 double-wide manufactured home, and an additional lot located across the street, offering room for future expansion or development (buyer to verify intended use). The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, and a 3-bedroom, 2-bath double-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $6,000 in gross monthly rental income, totaling approximately $72,000 annually, with the cabins renting for $550 per month each and both manufactured homes renting for $800 per month. Situated along the river, this property offers direct access to excellent fishing and a peaceful natural setting that appeals to both long-term tenants and short-term vacation guests. Investors may choose to continue the current long-term rental operation or explore the potential for vacation rentals, Airbnb cabins, corporate housing, or other income-producing ventures, subject to local regulations and approvals. Whether you're looking to expand your investment portfolio or own a versatile riverside property with established income and future upside, this one-of-a-kind opportunity is not to be missed. Schedule your private showing today and discover the possibilities this exceptional property has to offer. Cabins are zoned commercial, double wide is zoned residential, and the extra lot is zoned residential. Buyer to verify all pertinent information.
  1. Listed by Cali M Walden • East Tennessee Properties, LLC

Amenities

  • Air Conditioning
  • Cabin
LISTING UPDATED: 07/22/2026 09:21 PM

Property Details for 5551-5611 River Road

StatusActive
MLS #1349183
Days on Market15
Taxes$1,845 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family
Year Built1977
Lot Size-
CountyMeigs County
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Location

Listing Courtesy of East Tennessee Properties, LLC, Cali M Walden
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Building Information for 5551-5611 River Road

Stories-Residences10Year Built1977Building Size-Lot Size-

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$3,203 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,050

Property Taxes

$154

HOA Dues

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Property Information for 5551-5611 River Road

Summary
Location and General Information
  • City: Decatur
  • County Or Parish: Meigs County - 41
  • Directions: From decatur take river road north to property on the left.
  • Latitude: 35.588678
  • Longitude: -84.790194
  • MLS Area Major: Meigs County - 41
  • MLS Area Minor: Meigs County - 41
  • Postal Code: 37322
  • State Or Province: TN
  • Location Tax Legal Info Area: Meigs County - 41
  • Remarks Misc Directions: From decatur take river road north to property on the left.
Parking
  • Attached Garage: No
  • Parking Features: None
  • General Property Description Driveway: gravel
  • Garage Parking None: True
School Information
  • High School: Meigs County
  • Middle Or Junior School: Meigs
  • Location Tax Legal Info Middle School: Meigs
  • Location Tax Legal Info High School: Meigs County
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 027F B 008.00, 007.00, 026.02
  • Location Tax Legal Info Total Tax: 1844.77
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Year Built: 1977
  • Lot Size Dimensions: 3.01 acres
  • General Property Description Lot Dimensions: 3.01 acres
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 None: True
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl, Frame
  • Siding Vinyl: True
Interior Features
  • Cooling: Other, Central Cooling, Window Unit(s)
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Kitchen Appliances: Range, Refrigerator
  • Heating Details: Central, Other
  • Flooring: Laminate, Carpet, Tile
  • Heating: Yes
  • Heating Central: Yes
  • Cooling Central Cooling: True
  • Cooling Other: True
  • Floors Carpet: True
  • Floors Laminate: True
  • Floors Tile: True
  • Heat Central: True
  • Heat - Other: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Other Rooms Mstr Bdrm Main Level: True
  • Roof Metal: True
Multi Family
Income & Expenses Information
  • Gross Income: $72,000.00
Multi-Family Information
  • Number Of Units Total: 10
  • Type of Units 2 Bedroom Unit: True
  • Type of Units 3 or more Bdrm Units: True
  • Type of Units Unfurnished: True
  • Income Expenses Gross Annual Income: 72000.0
Unit 1
  • Unit 1 Unit Number: 1
  • Unit 1 Beds Total: 2
  • Unit 1 Rent: 550
  • Unit 1 Squarefeet: 512.0
Unit 2
  • Unit 2 Unit Number: 2
  • Unit 2 Beds Total: 2
  • Unit 2 Rent: 550
  • Unit 2 Squarefeet: 512.0
Unit 3
  • Unit 3 Unit Number: 3
  • Unit 3 Beds Total: 2
  • Unit 3 Rent: 550
  • Unit 3 Squarefeet: 512.0
Unit 4
  • Unit 4 Unit Number: 4
  • Unit 4 Beds Total: 2
  • Unit 4 Rent: 550
  • Unit 4 Squarefeet: 512.0
Unit 5
  • Unit 5 Unit Number: 5
  • Unit 5 Beds Total: 2
  • Unit 5 Rent: 550
  • Unit 5 Squarefeet: 512.0
Unit 6
  • Unit 6 Unit Number: 6
  • Unit 6 Beds Total: 2
  • Unit 6 Rent: 550
  • Unit 6 Squarefeet: 512.0
Unit 7
  • Unit 7 Unit Number: 7
  • Unit 7 Beds Total: 2
  • Unit 7 Rent: 550
  • Unit 7 Squarefeet: 512.0
Unit 8
  • Unit 8 Unit Number: 8
  • Unit 8 Beds Total: 2
  • Unit 8 Rent: 550
  • Unit 8 Squarefeet: 512.0
Unit 9
  • Unit 9 Unit Number: 9
  • Unit 9 Beds Total: 3
  • Unit 9 Rent: 800
  • Unit 9 Squarefeet: 720.0
Unit 10
  • Unit 10 Unit Number: 10
  • Unit 10 Beds Total: 3
  • Unit 10 Rent: 800
  • Unit 10 Squarefeet: 1809.0
Rental
Rent Information
  • Tenant Expenses Cooling: Other,Central Cooling,Window Unit(s)
  • Tenant Expenses Heating: Central,Other

Property History for 5551-5611 River Road

DateEvent & SourcePriceAppreciation
Jul 23, 2026

Listed (Active)

KAARMLS #1349183

$600,000—
DateEvent & SourcePrice
07/23/2026

Listed (Active)

KAARMLS #1349183

$600,000

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

Schools near 5551-5611 River Road

This home is within Meigs County School District.
Rating
School
Type
Grades
Distance
Meigs North Elementary School
Public - PK to 5
Meigs Middle School
Public - 6 to 8
Meigs County High School
Public - 9 to 12
Meigs South Elementary School
Public - PK to 5
Rating
School
Distance
Meigs North Elementary School
PublicPK to 5

Meigs Middle School
Public6 to 8

Meigs County High School
Public9 to 12

Meigs South Elementary School
PublicPK to 5

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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More information about 5551-5611 River Road, Decatur, TN 37322

5551-5611 River Road is a multi-family home for sale in Decatur, TN 37322. This property was listed for sale on July 23, 2026 by East Tennessee Properties, LLC, it's currently listed at $600,000. This listing's school district is Meigs County School District. Nearby schools include Meigs North Elementary School, Meigs Middle School and Meigs County High School. 5551-5611 River Road is a 0-bed, 0-bath, multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of East Tennessee Properties, LLC, Cali M Walden

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 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 07/22/2026 09:21 PM