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5640 Us-41 Highway

Active

Jasper, TN 37347

Bedrooms
0
Bathrooms
7,644.00
Sq Ft
Acres
Updated 12 minutes ago MLS #: 2709693 Listed 3 months ago

$1,210,000.00

Est. Monthly: $5,840.00
$158
Per Sq Ft

About This Property

8.2% Cap. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River's canoeing and Kayaking. Only minutes to Nickajack Lake and it's award-winning Bass fishing and water sports. Bring your ski-boat and make a day of it on the lake! Nearby Monteagle gives you tons of Hiking Opportunities, such as the Fiery Gizzard Trail. This 14 Unit Rental is perfectly located to fulfill part of the growing need for workforce housing in a very tight housing market in the area. Owner will consider Owner Financing

Location

Subdivision None
Directions From Downtown Chattanooga take I-24 West for app. 20 miles; cross Nickajack Lake and take next exit US 41 ; Continue West on US-41 and the property is on the left just after you cross the Sequatchie River ; 5640 Hwy 41

Interior Features

Heating Electric
Cooling Electric
Flooring Other

Exterior & Property

Stories 1
Construction Materials Other

Schools

9-12
High School Marion Co High School

Property Details

Property Type Residential Income
Year Built 1982
Annual Taxes $2,080.00
Listing Office Greater Downtown Realty dba Keller Williams Realty
Listing Agent Roy Arick
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MLS Information

Based on information submitted to the MLS GRID as of 2025-09-10T12:34:08+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.

Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

More MLS Information

Market Insights

Explore market data for Jasper and the None neighborhood

Jasper Market

City-wide statistics

Explore Jasper
149
Active Listings
$411,938.66
Avg Price
2,830
Avg Sq Ft
3.5
Avg Bedrooms

None

Neighborhood statistics

Explore None
21
Active Listings
$574,238.10
Avg Price
3,298
Avg Sq Ft
3.6
Avg Bedrooms

Price History

Recent price changes for this property

Jan 25, 2025
Price Decrease
$13,999.00 → $12,100.00
$1,899.00

Property History

Timeline of listing events and status changes

Currently Listed

MLS# 2709693

Currently active listing

8 months ago • Jan 6, 2025

96 days on market

$1,210,000.00

Originally: $1,540,000.00

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149 active listings • Avg $411,938.66

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21 active listings • Avg $574,238.10