55515611 River Rd

Baths
5,905 Sq. Ft.
$102 / Sq. Ft.
5,905
Sq. Ft.
$102
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 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 Walden • East Tennessee Properties LLC
    P: (423)-506-9559 C: (423)-506-9559 waldentenmile@gmail.com

Property Details for 55515611 River Road

Waterfront
No
LISTING UPDATED: 07/22/2026 09:18 PM

Property Details for 55515611 River Road

StatusActive
MLS #3281095
Days on Market8
Taxes$1,845 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size-
CountyMeigs County

Location

Listing Courtesy of East Tennessee Properties LLC, Cali Walden (423.506.9559)
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Building Information for 55515611 River Road

Stories1Residences10Year 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 55515611 River Road

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 Units: Square Feet
  • Middle Or Junior School: Meigs Middle School
  • Mlg Can View: Yes
Parking
  • Parking Features: Driveway, Gravel
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Units: Square Feet
  • Flooring: Carpet, Tile, Vinyl
Lot Information
  • Lot Size Units: Acres
Property and Assessments
  • Construction Materials: Vinyl Siding
  • Documents Count: 4
  • New Construction: No
  • Possession: Close Of Escrow
  • Senior Community: No
  • Stories: 1
  • Year Built Details: Existing
Utilities
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Attached Garage: No
  • Exterior Features: No Dock
  • Pool Private: No
  • Roof: Shingle
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10

Property History for 55515611 River Road

DateEvent & SourcePriceAppreciation
Jul 22, 2026

Listed (Active)

REALTRACS #3281095

$600,000
Jul 15, 2026

Contract - Not Showing

REALTRACS #3281095

Jul 15, 2026

Listed (Active)

REALTRACS #3281095

$600,000
DateEvent & SourcePrice
07/22/2026

Listed (Active)

REALTRACS #3281095

$600,000
07/15/2026

Contract - Not Showing

REALTRACS #3281095

07/15/2026

Listed (Active)

REALTRACS #3281095

$600,000

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

Schools near 55515611 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.

Similar Homes

55515611 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 $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. 55515611 River Road is a 0-bed, 0-bath, 5,905 sqft multi-family home built in 1977.

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Listing Courtesy of East Tennessee Properties LLC, Cali Walden (423.506.9559)

Based on information submitted to the MLS GRID as of 07/22/2026 09:18 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.