516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738

bedrooms 12
bathrooms 8
|Townhouse
NZD $6,310,857
USD $3,500,000
Published on: 05 Aug 2026
Last updated on: 29 Oct 2026
516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738
516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738
516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738
+57
516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738
  • 57
Property ID: 110119492635
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Residential Income, Gatlinburg, TN

516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738
Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln Townhomes 1 & 2, and 541 Johnson Ln Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.

Property Details

Basic Info

Property Type
Townhouse
Listing Status
Active
Land Size
40.47 m2
Year Built
2007
Rooms
12 bedroom(s), 8 bathroom(s)
Num Floors
2
County
Sevier
Parcel ID
117E H 00501 000
Provider
Lakeway Area Association of Realtors
Brokerage Office Name
Keller Williams Realty
Brokerage Office Phone
8656945904
Address
516 & 537 Proffitt Rd & Johnson Lane, Gatlinburg, TN 37738

Tax History

YearTax amount
2025USD $924NZD $1,666*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.

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Christopher Ball
Keller Williams Realty
8550 Kingston Pike , Knoxville, TN 37919
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8550 Kingston Pike , Knoxville, TN 37919
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      Property ID: 110119492635

      Original Property ID: 3yd-LAARTN-712450
      Data provided by Lakeway Area Association of Realtors, MLS #: 712450
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      Copyright © 2026 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.