121 & 141 Spring St, Sevierville, TN 37862
L P Yett Farm · Sevier County - 27 County
Key Facts
Description
2 HOMES, 4 PARCELS, 5.33 Acres in Sevier County, TN Investor Opportunity, OWNER WILLING TO SPLIT= PLEASE CALL AN AGENT FOR MORE INFORMATION Rare Multi-Home Investment in Sevier County! This incredible investment package includes three homes across four separate parcels (totaling 5.33 acres) being sold together—with the possibility of separation for the right offer. Known locally as part of the historic L.P. Yett Family Farm, this land has been in the same family since the 1950s and now presents a once-in-a-generation opportunity to own a piece of Sevier County heritage. Located just minutes from Pigeon Forge, Gatlinburg, Sevierville, Dollywood, and Soaky Mountain Waterpark, this area sits within the fastest-growing corridor of the Smoky Mountains region—a prime destination for development, restoration, or long-term investment. Property Overview: 121 Spring Street: 2-bedroom, 1-bath home in better condition, featuring city water, city sewer, a private well, and an actual natural spring. It also includes a detached garage and two storage sheds, ideal for equipment or workshop use. 141 Spring Street: 2014 manufactured home offering 4 bedrooms and 2 baths. This home is currently occupied and move-in ready, providing livable space while upgrades or redevelopment occur on the other parcels. Why Investors Will Love It: With strong infrastructure access (city utilities, detached storage, open land) and unmatched proximity to major Sevier County attractions, this property package is a blank slate for investors, developers, or those seeking multi-family living potential. While two of the three homes are not likely to qualify for conventional financing, this presents a perfect opportunity for cash buyers or creative financing investors ready to bring new life to this family estate. The Sevier County corridor is booming—with rising property values, tourism growth, and increasing demand for quality long-term housing—making this property an excellent candidate for renovation, expansion, or multi-parcel resale. Motivated sellers are ready to make a deal—this property is for sale but not on sale. Opportunities like this in the Sevier County market won't last!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1997
Lot Dimensions
IRR
Garage Spaces
2
MLS® Listing#
1328451
Property Features
Cooling
Heating
Flooring
Parking
Construction
Roof
Financial Details
Parcel Number
049A A 021.00
Directions
From Winfield Dunn Parkway take Right on W Main street. Turn Right on Old Knoxville HWY . And turn on Spring ST for the other 2 houses.
Affordability Calculator
$119,980
Estimated monthly payment
$3,193/mo
Principal $479,920 · Est. interest $669,531 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sevierville, TN
- $631,808
- Median Listing Price
- 94
- Median Days on Market
- 1,920
- Median Sq Ft
- $342
- Median Price / Sq Ft
- 2,032
- Active Listings
- This home’s price is 5% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sevierville, TN.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1413 Broadview Circle, Sevierville, TN | $420,000 | 3 | 2 | 1,669 |
| 1413 Broadview Circle, Sevierville, TN | $420,000 | 3 | 2 | 1,669 |
| 2580 Black Bear Lane Lane, Sevierville, TN | $420,000 | 1 | 2 | 1,000 |
| 261 Cherokee Path Way, Sevierville, TN | $420,000 | 1 | 1 | 580 |
| 1138 Vista Drive, Sevierville, TN | $420,000 | 3 | 3 | 3,142 |
| 1614 Ridgecrest Drive, Sevierville, TN | $421,000 | 1 | 1 | 641 |
Moving Cost Estimate
Listing Courtesy: Jackson Real Estate & Auction - 8653974214