Projections of $145,000+ - 204 Hill St, Gatlinburg, TN 37738, Gatlinburg
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Main Bathroom - 204 Hill St, Gatlinburg, TN 37738, Gatlinburg
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44 photos

$844,000

204 Hill St, Gatlinburg, TN 37738
Gatlinburg, TN 37738
Listed by Derek Tellier · LPT Realty, LLC
Bedrooms
6
Bathrooms
6
Living area
N/A
Year built
1955

About this home

Rare opportunity to own a truly unique 6-bed, 6-bath property just a quarter mile from downtown Gatlinburg. Previously operated as a long-running bed & breakfast, it was converted to a single-unit short-term rental in 2021. Projections over $140K and It did consistently generate $140K-$150K annually in its B&B days. Each of the six bedrooms has its own private bathroom, offering a setup that's ideal for large groups. Two of the queen rooms have extra beds, and three of the rooms feature their own electric fireplaces. The main living space includes a gas fireplace, a full bar, and plenty of seating, with a large adjoining dining area that also includes an arcade game and space to expand the seating even further. The fully stocked kitchen offers all a group will need. Outside you'll find a private gazebo with gas grill and a six-person hot tub�great for relaxing after a day in the park. There's also a stocked fishing river just steps away and plenty of flat parking, which is a real plus this close to town. A property like this, walkable to downtown, with individual en-suite bedrooms and a solid income projections, doesn't come around often. Don't miss owning a piece of Gatlinburg History!

Highlights

Fireplace

Property details

MLS #
1338998
Property type
Single Family Residence
Subdivision
Smokey Heights
Status
Active
Days on market
151
On market date
April 30, 2026
Stories
N/A
Total bathrooms
6
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.17 acres
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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
Pi Beta Phi Elementary
0.8 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
316
Student:teacher ratio
11.3:1
District
Sevier County
Middle
Gatlinburg Pittman Junior High
3.64 mi away · Grades 7-9
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
410
Student:teacher ratio
12.4:1
District
Sevier County
High
Gatlinburg Pittman High
3.64 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
388
Student:teacher ratio
10.8:1
District
Sevier County

Walkability

Blended score for Gatlinburg'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).

55
Somewhat walkable
out of 100
EPA National Walkability Index
7.5 / 20 -- Below average walkable
Google Places amenity density
80 / 100
Restaurants & cafes20
Grocery stores8
Parks11
Schools1
Transit stops20
Pharmacies0

Market position

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

On the market 151 days -- 23 more days than Gatlinburg's current average of 128 days.
For reference, the median list price across 365 active listings in Gatlinburg right now is $488,000.

Mortgage calculator

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Est. monthly payment
$5,233/mo
$168,800 down
$675,200 loan
Principal & interest$4,379
Property tax (est.)$703
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated 11 days ago.

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.