BJ Can Help You Purchase This Home

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 your dream home. On the lake, around town or out on a farm. Remember, BJ is here to help!

4532 E Lamar Alexander Pkwy, Walland, 37886

Priced At: $555,000

Property Details for ID: 1356814



SqFt: 1,320
Price SqFt: $420
Total Bedrooms: 3
Full Baths: 2 / Half Baths: 0
MLS Status: Active
Property Type: Residential
On Market Date: 2026-09-25T18:57:40Z
Subdivision: Skinner

Public Remarks: A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains. Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities. Buyer to verify all information.

Schools Information

Sorry, school information is not available for this listing.

Building Description

Building Style: Traditional
Type: Basement Ranch
Site Built: Yes
Year Built: 1957
Total Rooms: 8
SqFt (Total): 1,320
SqFt (Main Lvl): 1,320
SqFt (Down Lvl): 600
Full Baths: 2
1/2 Baths: 0
Fireplace: Yes
Bonus Room: Yes
Basement: Yes
Basement Type: Partially Finished, Walkout

  Exterior Features

Features: Porch - Screened, Windows - Vinyl, Windows - Wood
Construction: Frame
Siding: Brick, Vinyl

  Appliances

Dishwasher, Gas Range, Microwave, Refrigerator, Self Cleaning Oven

  Room Dimensions

  Interior Features

Dining Area: Formal Dining Area
Floors: Hardwood, Laminate, Tile, Vinyl
Other Rooms: Bedroom Main Level, Extra Storage, Great Room, LaundryUtility, Mstr Bdrm Main Level
Misc Features: Hot Tub, Internet Available, Walk-in Shower, WasherDryer Connect

  Property Details

Acreages: 5.39
Lot Description: Irregular Lot, Private, Rolling Slope, Wooded
View: Mountain View

Utilities

Fuel Types: Electric, Propane

Financing

Finance Options: Cash, Conventional, Exchange, Owner Will Carry, VA Loan

  HOA Information

Restrictions: Yes
HOA: No

Heating & Cooling

Fireplace(s): Yes
Total Fireplaces: 1
Fireplace Type(s): Gas Log, Stone
Cooling Type(s): Ceiling Fan(s), Central Cooling
Heat Type(s): Central, Forced Air

Garage / Parking

Attached, Detached, Main Level, Off-Street Parking, RV Parking

  Community Features

Rec Facilities

Outbuildings

Storage Shed
Presented By: / Greater Impact Realty

Up Coming Open Houses

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

Directions

From Maryville, travel south on US-321/E Lamar Alexander Parkway toward Townsend. Continue through Walland approximately 10 miles. Property is located at 4532 E Lamar Alexander Parkway on the right.



Your commute

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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!

You Are Valued

I recognize that we are partners with our clients and as such, I strive to provide a high quality of service, and hope to build trust and friendships through honesty and integrity.

Relocation Assistance

I can give you referrals to trusted loan officers, insurance agents, home inspectors, heat & air specialists, title companies and all service providers dealing with all things home.

Prompt Communicator

I will personally answer your calls, emails, text messages and all inquiries with a fast response.

Quick Sale

Our network of qualified purchasers combined with dedication and hard work; help ensure that no one will work harder to get your home property sold.



Realty Executives Associates is a licensed Tennessee Real Estate Firm. Firm License #213347. Some or all of the Listing Displayed on this Site may not belong to Realty Executives Associates. The data relating to real estate for sale on this website is being provided for the consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.