No photos available for this listing

$600,000

5551& 5611 River Road, Decatur, TN 37322
Decatur, TN 37322
Listed by Cali M Walden · East Tennessee Properties, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1977

About this home

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.

Property details

MLS #
1349183
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
39
On market date
July 23, 2026
Stories
N/A
Garage spaces
N/A
Lot size
N/A
Loading map…

Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Meigs North Elementary
2.3 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
417
Student:teacher ratio
13.9:1
District
Meigs County
Middle
Meigs Middle School
4.75 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
406
Student:teacher ratio
15.6:1
District
Meigs County
High
Meigs County High School
5.04 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
519
Student:teacher ratio
15.7:1
District
Meigs County

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$3,763/mo
$120,000 down
$480,000 loan
Principal & interest$3,113
Property tax (est.)$500
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated July 23, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.