$319,900

420 Cottage Way, Parrottsville TN, 37843

Price per sqft$158.68

Built in2002

Property size2,016 sqft

Property typeCommercial

Overview

Active

Listed Oct 22, 2026

Updated 3 days ago

Rare find: two large, renovated residences on 3 park-like acres, priced well below the cost to build. This side-by-side duplex in Parrottsville offers two spacious 1,008 sf homes, each with 2 bedrooms, 1 bath and an open, light-filled kitchen and living area. Built in 2002 and renovated in 2023, both feature luxury vinyl plank floors, updated kitchens with new appliances, fresh paint, new lighting and ceiling fans, their own heat pumps, W/D hookups and covered front porches, all under a metal roof. The land is the showstopper: 3 acres of open ground backed by woods, with room for gardens, a fire pit, a play area or a workshop, just minutes from Newport. Space like this is hard to find with any rental, let alone a newer one. Both homes are leased at $1,000/month through April 30, 2027, so income starts day one, and tenants pay their own separately metered electric and water. Live in one and rent the other, or keep both as rentals and let the property work for you. Building new in East Tennessee runs $200+ per sf before land. Here you get two renovated homes and 3 acres for about $159 per sf. Tenant-occupied. Please do not walk the property or disturb the tenants. Showings only after an accepted offer, during the inspection period, with proof of funds or lender pre-approval. Contact the listing agent for the full investment package with photos, aerial, rent roll and projected income.

Additional information

MLS^® ID: 10002410

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 3 Acres

The IDX display presents information sourced from the Tennessee / Virginia Regional Multiple Listing Service as of 10/22/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified.