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Daniel Parker - Listings

BJ Can Help You Purchase This Unit

Thank you for choosing Daniel Parker! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!

508 E Central Ave, LaFollette, 37766

Priced At: $575,000

Property Details for ID: 1344805



SqFt: 4,040
Price SqFt: $142
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-06-16T15:47:54Z

Public Remarks: 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, 8-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: - Eight 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.

Schools Information

Sorry, school information is not available for this listing.

Building Description

Year Built: 1930
SqFt (Total): 4,040
Sub-Type: Apartment
Sale Includes: Building Only, Negotiable, Some Furnishings
Unit Type(s): Efficiency Unit

  Exterior Features

Features: Deck, Windows - Insulated, Windows - Vinyl
Construction: Frame
Siding: Vinyl

  Appliances

Range, Refrigerator

  Room Dimensions

  Interior Features

Floors: Luxury Vinyl Plank, Tile, Vinyl
Other Rooms: Mstr Bdrm Main Level
Misc Features: Internet Available, WasherDryer Connect

  Property Details

Utilities

Fuel Types: Electric

Financing

Finance Options: Cash, Conventional

  HOA Information

Heating & Cooling

Cooling Type(s): Ceiling Fan(s), Central Cooling
Heat Type(s): Central, Other

Garage / Parking

On Premise Parking

  Community Features

Outbuildings


Presented By: / United Real Estate Solutions

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

: I 75 exit 134 to Lafollette (approximately 9 miles). Property is on the right. SOP



Your commute

( Departing today at 8:00am )


Near By Properties (click flag to view)

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Mortgage Calculator

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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment.  The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment.  I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.

Four Reasons to Use Daniel Parker

Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!

Experience Is Key

Licensed Real Estate Agent, I have the experience to solve problems that arise and the know how to avoid major pitfalls

On-Time Guarantee

From showings to closing; I know that your time is valuable and our agents and staff will always strive to never keep you waiting.

Knowledge Beyond Sales

From across town to across the country I have the expertise and knowledge to help with any real estate issue.

Buyers Network

Utilizing the very latest in lead generation and good old fashioned hard work, I already have a network of qualified purchasers looking for the right home or property.