$575,000
Studio
4,040 sqft (on 0.34 acres)
508 E Central Ave, La Follette, TN 37766
Est. Mortgage $3,314/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1930
0.34 acre lot
$142/sqft
Local Information
- Map ViewExplore the area around 508 E Central Ave.
- Schools7 Preschool Schools8 Elementary Schools6 Middle Schools2 High Schools
- Shop & Eat
-- mins to
About this House
Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area
Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 7-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly.
Highlights:
- Seven fully renovated units across two buildings, thoughtfully updated for durability and market appeal.
- Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays.
- Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts.
- Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services.
- Investment-friendly pricing designed to facilitate a smooth transaction and fast close.
Why this works for investors:
- Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs.
- Recent renovations reduce near-term capex and lower maintenance headaches.
- Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access.
This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.
Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 7-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly.
Highlights:
- Seven fully renovated units across two buildings, thoughtfully updated for durability and market appeal.
- Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays.
- Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts.
- Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services.
- Investment-friendly pricing designed to facilitate a smooth transaction and fast close.
Why this works for investors:
- Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs.
- Recent renovations reduce near-term capex and lower maintenance headaches.
- Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access.
This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.
Last check for updates: about 20 hours ago
Listing Provided by: Mark Hunter, (865) 724-8106
United Real Estate Solutions, (865) 444-2400
Source: RealTracs MLS as distributed by MLS GRID, MLS#3243729
Also Listed on East Tennessee Realtors, RealTracs MLS as distributed by MLS GRID.
Home Details for 508 E Central Ave
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MLS Status: Active |
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Dimensions and Layout Living Area: 4040 Square Feet |
Appliances & Utilities Utilities: Electricity AvailableLaundry: Washer Hookup,Electric Dryer Hookup |
Heating & Cooling Heating: Central,Electric,OtherHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Central |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Flooring: Tile, Vinyl |
Levels, Entrance, & Accessibility Floors: Tile, Vinyl |
View No View |
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Exterior Home Features Roof: MetalNo Private Pool |
Parking & Garage No Attached Garage |
Frontage Not on Waterfront |
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Days on Market: 97 |
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Year Built Year Built: 1930 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Frame, Vinyl SidingNot a New Construction |
Property Information Parcel Number: 085K F 00300 000 |
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Price List Price: $575,000Price Per Sqft: $142 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: La Follette |
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Listing Agent Listing ID: 3243729 |
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Building Area Building Area: 4040 Square Feet |
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Not Senior Community |
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Lot Area: 0.34 acres |
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Special Conditions: Standard |
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Mls Number: 3243729Attribution Contact: 8657248106 |
Around this home
- Caryville Elementary School
- PK-5
- Public
- 634 Students
5/10GreatSchools RatingParent Rating AverageTried to force my son out of special education with him being a fourth grade student with a first grade reading level with no plan as to get him back on track. Wouldn’t let me hold him back or change teachers when there was a problem. My child has multiple health and learning problems. Wouldn’t recommend unless you work there. That’s the only way you can get help or play sports here.Parent Review3y ago - Jacksboro Elementary School
- PK-5
- Public
- 616 Students
7/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Jellico Elementary School
- PK-8
- Public
- 271 Students
4/10GreatSchools RatingParent Rating AverageThis school is a 10 star in my opinion my child has loved this school she is now in 8th grade and she is making straight A's.the teachers are great they are really good with helping kids and separate learning if needed the teachers think really highly of students the school is most definitely safe I really recommend this school there is just so many reasons why this school is good there take your kid to this schoolParent Review2y ago - Valley View Elementary School
- PK-5
- Public
- 452 Students
5/10GreatSchools RatingParent Rating AverageThis school lacks communication in regards to special education. Preschool students use a visual behavior chart in the classroom so are shamed when their color gets moved. The curriculum is dated. No art is offered. PE teacher treats extracurricular jump rope team like a serious sport and drills versus excites. The yearly state exam stresses kids out and parents are encouraged to send in a card for each day? My daughter felt physically ill from anxiety from the build up to those weeks. Children are a product from their parents in this town. If your kids are different, they will stand out.Parent Review2y ago - White Oak Elementary School
- PK-8
- Public
- 101 Students
5/10GreatSchools RatingParent Rating AverageSmall community with a big heart. Teachers are nice and care about the students. My son went to this school the last 4 years. He has always been taught respect and high standards. The school has the 21st Century Program for after school tutoring, reading, math, art, and science. They also have basketball for student to have things to do after school.Parent Review10y ago - Wynn Habersham Elementary School
- PK-8
- Public
- 153 Students
4/10GreatSchools RatingParent Rating AverageWonderful school with great teachers and staffParent Review8y ago - Lafollette Elementary School
- PK-5
- Public
- 467 Students
7/10GreatSchools RatingParent Rating AverageLove it I'm a student there and I've went there all my life my whole family went there. I'm in the fifth grade and I'm sort of sad to see it go cause I'm going to middle schoolOther Review11y ago
What Locals Say about Lafollette
At least 26 Trulia users voted on each feature.
88 % Say car is needed
85 % Say yards are well-kept
80 % Say there's holiday spirit
77 % Say parking is easy
64 % Say neighbors are friendly
63 % Say people would walk alone at night
62 % Say it's dog friendly
62 % Say kids play outside
55 % Say there's wildlife
50 % Say it's quiet
46 % Say they plan to stay for at least 5 years
44 % Say it's walkable to grocery stores
40 % Say streets are well-lit
39 % Say it's walkable to restaurants
31 % Say there are sidewalks
28 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Lafollette
Last updated August 2026
Avg. sale price
$280K
$32.17KMoM
Sale-to-List Price
—
Price per sq ft
$176
$16MoM
Available listings
141
10MoM
Home Value
Trulia Estimate
$528KSince last month
Decreased$30K (-5.3%)Since last year
Decreased$123K (-18.9%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +359% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $528K |
| August 2026 | $557K |
| July 2026 | $562K |
| June 2026 | $542K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
3.46 | Multi-Family Home | $405,000 | 06/26/26 | 8 | 4 | 3,584 | |
6.46 | Multi-Family Home | $354,900 | 05/22/26 | - | 4,650 | ||
6.49 | Multi-Family Home | $610,000 | 11/03/25 | 14 | 8 | 6,260 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.05 | $199,900 | Studio | - | 1,724 | For Sale | |
0.08 | $60,000 | 2 | 1 | 754 | Recently Sold | |
0.06 | $95,000 | - | - | - | For Sale | |
0.07 | $169,100 | 3 | 1.5 | 1,186 | Off Market | |
0.07 | $224,700 | 3 | 2 | 1,530 | Off Market | |
0.09 | $227,700 | 4 | 1.5 | 1,456 | Off Market | |
0.10 | $194,800 | 2 | 1 | 1,120 | Off Market | |
0.11 | $264,900 | 3 | 2 | 1,488 | Off Market | |
0.14 | $200,000 | 3 | 2 | 1,350 | For Sale | |
0.18 | $108,000 | 3 | 1.5 | 1,137 | Recently Sold | |
0.19 | $135,200 | 3 | 2 | 1,288 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 16, 2026 Source: East Tennessee Realtors #1344805 | Listed For Sale | $575,000 |
May 14, 2026 Source: East Tennessee Realtors #1290602 | ListingRemoved | $625,000 |
Apr 10, 2026 Source: East Tennessee Realtors #1290602 | PriceChange | $625,000 Price decreased by 4% |
Nov 26, 2025 Source: East Tennessee Realtors #1290602 | PriceChange | $650,000 Price decreased by 4% |
Jul 24, 2025 Source: East Tennessee Realtors #1290602 | PriceChange | $675,000 Price decreased by 4% |
Feb 20, 2025 Source: East Tennessee Realtors #1290602 | Listed For Sale | $700,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,715 | $325,700 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Mark Hunter, United Real Estate Solutions, (865) 444-2400
Agent Phone: (865) 724-8106
Based on information submitted to the MLS GRID as of 2026-09-21 09:48:29 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
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Frequently asked questions about 508 E Central Ave
- What is the estimated monthly payment for 508 E Central Ave?Based on a $575,000 list price with 20% down at today's rates, the estimated monthly payment for 508 E Central Ave in La Follette, TN is approximately $3,377 (about $3,120 principal & interest, $182 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 508 E Central Ave compare to homes in La Follette?508 E Central Ave in La Follette, TN is listed at $575,000, about 105% above the $280K median sale price in La Follette.
- What do residents say about La Follette?Residents describe La Follette, TN as well-kept, easy to park in, and neighborly. Most residents say you need a car. See homes for sale in La Follette, TN.
- What are the closest schools to 508 E Central Ave?The closest schools to 508 E Central Ave in La Follette, TN are Campbell County Comprehensive High School (rated 2/10), Caryville Elementary School (Pre-K, rated 5/10), Elk Valley Elementary School (Middle, rated 5/10).
- Does 508 E Central Ave have air conditioning?Yes, 508 E Central Ave in La Follette, TN has air conditioning.
- Does 508 E Central Ave have laundry facilities?Yes, 508 E Central Ave in La Follette, TN has laundry facilities.
508 E Central Ave, La Follette, TN 37766 is a studio, 4,040 sqft multi-family built in 1930. This property is currently available for sale and was listed by RealTracs MLS as distributed by MLS GRID on Jun 16, 2026. The MLS # for this home is MLS# 3243729.