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For sale
  • $387,000

    221 Pattie Gap Rd, Philadelphia, TN 37846

    9beds
    6baths
    --sqft
    : 
    Multi Family
    Built in 1993
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Desirable rural settingFunctional layoutsSix well-designed residential unitsLow-maintenance exteriorAmple natural lightOn-site parkingComfortable living spaces
    Exceptional opportunity to own a well-positioned six-unit apartment building in the growing community of Philadelphia, Tennessee. Situated on a quiet stretch of Patty Gap Road, this property offers strong income potential with the stability of multiple rental streams under one roof. The building features six well-designed residential units, each offering comfortable living spaces, functional layouts, and ample natural light. Tenants enjoy a peaceful setting with convenient access to nearby schools, shopping, and major commuting routes. Property highlights include: Six income-producing units On-site parking, low-maintenance exterior, desirable rural setting with easy access to nearby amenities and strong rental demand in the area Whether you're expanding your portfolio or seeking a solid multi-family investment, 221 Patty Gap Road delivers dependable cash flow potential in a steadily developing market. This is an excellent opportunity to secure a multi-unit property in a quiet East Tennessee location with long-term upside. Don't miss this amazing investment opportunity.
    17 days
    |
    421
    |
    32
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 02, 2026 at 04:46pm

    Listed by:

    Mike Yarbrough 702-985-5566,

    Asset Realty Management, Inc. 865-247-0027,

    Jessica Hall 865-335-6221,

    Asset Realty Management, Inc.

    Source: East Tennessee Realtors,MLS#: 1330884MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 6
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Range, Refrigerator
      Features
      • Flooring: Laminate, Vinyl

      Property

      Parking
      • Parking features: Off Street
      Lot
      • Size: 1.02 Acres
      • Dimensions: 250.82 x 177.65 IRR
      Details
      • Parcel number: 114 06103 000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Block, Frame
      Condition
      • Year built: 1993

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      Location
      • Region: Philadelphia

      Financial & listing details

      • Tax assessed value: $32,200
      • Annual tax amount: $121
      • Date on market: 2/28/2026
      • Listing terms: Alternative,New Loan,Cash,Conventional
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        2/28/2026Listed for sale$387,000+58%
        Source: East Tennessee Realtors #1330884 Report a problem
        10/16/2025Listing removed$595
        Source: Zillow Rentals Report a problem
        9/16/2025Listed for rent$595-14.4%
        Source: Zillow Rentals Report a problem
        9/9/2025Listing removed$695
        Source: Zillow Rentals Report a problem
        9/6/2025Listed for rent$695-45.5%
        Source: Zillow Rentals Report a problem
        6/4/2025Listing removed$1,275
        Source: Zillow Rentals Report a problem
        5/29/2025Listed for rent$1,275+114.3%
        Source: Zillow Rentals Report a problem
        2/29/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/28/2024Listed for rent$595-14.4%
        Source: Zillow Rentals Report a problem
        2/7/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/6/2024Price change$695-13.1%
        Source: Zillow Rentals Report a problem
        1/21/2024Price change$800-5.3%
        Source: Zillow Rentals Report a problem
        12/15/2023Price change$845-5.6%
        Source: Zillow Rentals Report a problem
        11/10/2023Listed for rent$895
        Source: Zillow Rentals Report a problem
        10/31/2012Listing removed$244,900
        Source: Realty Executives Associates #809245 Report a problem
        7/17/2012Listed for sale$244,900+8.8%
        Source: Realty Executives Associates #809245 Report a problem
        6/2/2012Listing removed$225,000
        Source: Realty Executives Associates #714228 Report a problem
        5/14/2010Price change$225,000-1.7%
        Source: Realty Executives Associates #714228 Report a problem
        8/2/2009Listed for sale$229,000
        Source: Realty Executives Associates #676106 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$121 +25.7%$8,050 +101.3%
        2024$96 $4,000
        2023$96 +6%$4,000 +6%
        2022$91 -2.8%$3,775
        2021$93 0%$3,775
        2020$93 +2.9%$3,775 +11.9%
        2019$91 +4.3%$3,375
        2018$87 -0.1%$3,375
        2017$87 $3,375
        2016$87 $3,375
        2015$87 $3,375 -24.2%
        2013$87 $4,450
        2011-- $4,450
        2010$97 $4,450 -7.8%
        2009-- $4,825 +12.9%
        2008$112 $4,275
        2007$112 -92%$4,275 -92.8%
        2006$1,412 -18.1%$59,320
        2004$1,723 +8%$59,320 +8%
        2003$1,595 $54,920 +5.5%
        2001-- $52,070 -60%
        2000-- $130,174

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,173/mo
        Principal & interest
        $1996
        Property taxes
        $177
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          Climate risks

          Neighborhood: 37846

          Getting around

          0 / 100
          Car-Dependent
          4 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 37846