015_4M6A8608 - 2361 Tennessee 131 Hwy, Thorn Hill, TN 37881
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14 photos

$350,000

2361 Tennessee 131 Hwy, Thorn Hill, TN 37881
Thorn Hill, TN 37881
Listed by Miranda Fritts · Realty Executives Associates
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1960

About this home

Fully leased four-unit multifamily property in Thorn Hill, surrounded by beautiful East Tennessee scenery and a peaceful, quiet setting. All four units are occupied by established tenants, providing an income-producing opportunity with existing leases in place. A shared on-site laundry facility adds convenience for residents. Tenants are responsible for electricity, while the landlord pays for water. A scenic rural setting and established rental history make this property worth a closer look for investors seeking to build or expand their portfolio. Financials available upon request. *See MLS # 1360233 for investment opportunity that includes the home on the hill.

Property details

MLS
East Tennessee REALTORS® MLS
MLS #
1360304
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
1
On market date
October 28, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
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.

Elementary
Rutledge Primary
4.35 mi away · Grades -1-1
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
140
Student:teacher ratio
10.8:1
District
Grainger County
Middle
Rutledge Middle School
5.44 mi away · Grades 7-8
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
423
Student:teacher ratio
16.9:1
District
Grainger County
High
Grainger High School
3.11 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
885
Student:teacher ratio
17.7:1
District
Grainger County

Walkability

Blended score for Thorn Hill'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).

11
Very car-dependent
out of 100
EPA National Walkability Index
3.5 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

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

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Est. monthly payment
$2,258/mo
$70,000 down
$280,000 loan
Principal & interest$1,816
Property tax (est.)$292
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated 1 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.