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$599,900

121 & 141 Spring St, Sevierville, TN 37862
Sevierville, TN 37862
Listed by Benson Bryant · Jackson Real Estate & Auction
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1997

About this home

2 HOMES, 4 PARCELS, 5.33 Acres in Sevier County, TN Investor Opportunity, OWNER WILLING TO SPLIT= PLEASE CALL AN AGENT FOR MORE INFORMATION Rare Multi-Home Investment in Sevier County! This incredible investment package includes three homes across four separate parcels (totaling 5.33 acres) being sold together—with the possibility of separation for the right offer. Known locally as part of the historic L.P. Yett Family Farm, this land has been in the same family since the 1950s and now presents a once-in-a-generation opportunity to own a piece of Sevier County heritage. Located just minutes from Pigeon Forge, Gatlinburg, Sevierville, Dollywood, and Soaky Mountain Waterpark, this area sits within the fastest-growing corridor of the Smoky Mountains region—a prime destination for development, restoration, or long-term investment. Property Overview: 121 Spring Street: 2-bedroom, 1-bath home in better condition, featuring city water, city sewer, a private well, and an actual natural spring. It also includes a detached garage and two storage sheds, ideal for equipment or workshop use. 141 Spring Street: 2014 manufactured home offering 4 bedrooms and 2 baths. This home is currently occupied and move-in ready, providing livable space while upgrades or redevelopment occur on the other parcels. Why Investors Will Love It: With strong infrastructure access (city utilities, detached storage, open land) and unmatched proximity to major Sevier County attractions, this property package is a blank slate for investors, developers, or those seeking multi-family living potential. While two of the three homes are not likely to qualify for conventional financing, this presents a perfect opportunity for cash buyers or creative financing investors ready to bring new life to this family estate. The Sevier County corridor is booming—with rising property values, tourism growth, and increasing demand for quality long-term housing—making this property an excellent candidate for renovation, expansion, or multi-parcel resale. Motivated sellers are ready to make a deal—this property is for sale but not on sale. Opportunities like this in the Sevier County market won't last!

Property details

MLS #
1328451
Property type
Residential Income
Subdivision
L P Yett Farm
Status
Active
Days on market
198
On market date
February 4, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
2
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Catlettsburg Elementary School
1.87 mi away · Grades 0-6
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
597
Student:teacher ratio
14.6:1
District
Sevier County
Middle
Sevierville Middle School
2.07 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
719
Student:teacher ratio
15.3:1
District
Sevier County
High
Whites Adult High School
1.78 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
Enrollment
0
District
Sevier County

Walkability

Blended score for Sevierville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

42
Somewhat walkable
out of 100
EPA National Walkability Index
6.7 / 20 -- Below average walkable
Google Places amenity density
55 / 100
Restaurants & cafes20
Grocery stores2
Parks1
Schools0
Transit stops0
Pharmacies5

Market position

How this listing compares to current activity in Sevierville, from live MLS data.

On the market 198 days -- 71 more days than Sevierville's current average of 127 days.
For reference, the median list price across 1,199 active listings in Sevierville right now is $485,000.

Mortgage calculator

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

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Est. monthly payment
$3,763/mo
$119,980 down
$479,920 loan
Principal & interest$3,113
Property tax (est.)$500
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated April 9, 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.