Active
8 beds4 baths4,816 sqft
5551 River Rd,Ā Decatur, TNĀ 37322
Est: $2,774/moGet pre-approved
Multi FamilyProperty Type
1977Year Built
$103/sq ftPrice per sq ft

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 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly...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 9 rental units, including 8 cabins, & 1 single-wide manufactured home. The property includes eight 2-bedroom, 1-bath cabins, a 3-bedroom, 2-bath single-wide, providing a diverse mix of rental opportunities. Current owners generate approximately $5,200 in gross monthly rental income, totaling approximately $62,400 annually, with the cabins renting for $550 per month each and the single wide mobile home 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. Buyer to verify all pertinent information.
73 days on Market
Last updated: 09/18/2026 09:31 PM • Source: REALTRACS as distributed by MLS GRID, MLS#: 3281095

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Location

Listing Courtesy of East Tennessee Properties LLC, Cali Walden (423.506.9559)
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$2,774 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,643

Property Taxes

$131

HOA Dues

$0

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Property Information for 5551 River Road

Property Details
  • Taxes: $1,575 / year
  • MLS Type: Residential Income
  • County: Meigs County
  • Subdivision Name: no
  • Waterfront: No
Building Information
  • Stories: 1
  • Residences: 9
  • Year Built: 1977
Summary
Location and General Information
  • Directions: From decatur take river road north to property on the left.
  • Elementary School: Meigs North Elementary
  • High School: Meigs County High School
  • Levels: One
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Meigs Middle School
  • Mlg Can View: Yes
  • Zoning: commercial
Parking
  • Garage Spaces: .00
  • Parking Features: Driveway, Gravel
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Carpet, Tile, Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 027F B 00800 000
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Vinyl Siding
  • Documents Count: 4
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Senior Community: No
  • Stories: 1
  • Year Built Details: Existing
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Heating: Other
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Attached Garage: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Metal
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Unit 1
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 4
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Rental Information
Rental Information
  • Rent Includes: Electricity, Water
  • Tenant Pays: Cable TV
  • Total Actual Rent: $2,200

Property History for 5551 River Road

DateEvent & SourcePriceAppreciation
Sep 18, 2026

Price Change

KAARMLS #1349183

$495,000—
Sep 18, 2026

Price Change

REALTRACS #3281095

$495,000—
Jul 22, 2026

Listed (Active)

KAARMLS #1349183

$600,000—
DateEvent & SourcePrice
09/18/2026

Price Change

KAARMLS #1349183

$495,000
09/18/2026

Price Change

REALTRACS #3281095

$495,000
07/22/2026

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 River Road

This home is within Meigs County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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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5551 River Road is a multi-family home for sale in Decatur, TN 37322. This property was listed for sale on July 15, 2026 by East Tennessee Properties LLC, it's currently listed at $495,000. 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 River Road is a 8-bed, 4-bath, 4,816 sqft 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 Walden (423.506.9559)

Based on information submitted to the MLS GRID as of 09/18/2026 09:31 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ 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 data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.