Searching ...

Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 7-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly. Highlights: - Seven fully renovated units across two buildings, thoughtfully updated for durability and market appeal. - Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays. - Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts. - Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services. - Investment-friendly pricing designed to facilitate a smooth transaction and fast close. Why this works for investors: - Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs. - Recent renovations reduce near-term capex and lower maintenance headaches. - Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access. This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.

Highlights

  • Residential Income
  • Built in 1930
  • 151 days on Market

  • Year Built
    1930
  • Construction Materials
    Frame, Vinyl Siding
  • Living Area
    4040.0
  • Flooring
    Tile, Vinyl
  • Cooling
    Ceiling Fan(s), Central Air
  • Heating
    Electric, Central, Other

  • Utilities
    Electricity Available


Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 508 E Central Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 508 E Central Ave.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 508 E Central Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $575,000. We can talk through recent upgrades, potential seller motivation, how this residential income compares to others in La Follette, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 508 E Central Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 508 E Central Ave at around $3,498. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 508 E Central Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Campbell County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 508 E Central Ave?

In most cases, yes. Whether 508 E Central Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in La Follette's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 508 E Central Ave?

We can handle that for you. Our preferred local agent specializes in residential incomes in La Follette and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $575,000 with 4,040 sqft of space—that comes out to approximately $142 per square foot.

How long has this property been on the market?

508 E Central Ave was listed on June 16, 2026, which means it's been on the market for 151 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1930, making it approximately 96 years old.

What are the property taxes for 508 E Central Ave?

The most recent public record shows annual property taxes for 508 E Central Ave were approximately $2,715. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 508 E Central Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in La Follette, TN


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

Based on information submitted to the MLS GRID as of November 14, 2026 at 04:17AM. 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.