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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!
340/342 Bank St, Tellico Plains, 37385
Priced At: $649,999
Property Details for ID: 1352249
SqFt: 3,254
Price SqFt: $200
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-08-18T20:43:42Z
Public Remarks: Two Homes, One Exceptional Property in Tellico Plains! Discover the possibilities with this unique multigenerational property or potential income-producing opportunity, offering two well-maintained, move-in-ready homes on approximately 0.9 acres in the heart of Tellico Plains, Tennessee. The main residence features 3 bedrooms, 2.5 bathrooms, and approximately 2,240 square feet, providing plenty of space for comfortable everyday living and entertaining, as well as a 2-car attached garage. A second home offers an additional 1,014 square feet with 3 bedrooms and 1 bathroom--perfect for extended family, guests, or potential rental income. Adding even more value is a spacious 30' x 40' detached garage with concrete flooring, ideal for vehicles, workshop space, storage, or recreational equipment. Enjoy beautiful mountain views from the expansive front porch while being conveniently located in the heart of Tellico Plains. Outdoor enthusiasts will love the easy access to the scenic Tellico River and Bald River Falls, just approximately 12 miles away. A 30-foot easement at the bottom of the property provides access to the property located behind it. Whether you're looking for a home for multiple generations, space for guests, a potential rental opportunity, or simply room to spread out, this property offers an exceptional combination of space, flexibility, mountain views, and location. Properties offering two homes and a large garage in Tellico Plains don't come along often--come see the possibilities for yourself!
Schools Information
Elementary School: Tellico PlainsMiddle / Junior School: Tellico Plains
High School: Tellico Plains
Building Description
SqFt (Total): 3,254
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Directions
From Madisonville to Tellico, turn left onto Bank Street (beside Tates). Follow 0.8 miles to 340. Turn left into driveway.
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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!