4532 E Lamar Alexander Pkwy
Walland, TN 37886 · 3 bedrooms · 2 bathrooms · listed September 25, 2026
These 25 photographs did not arrive with room names, so this home cannot be re-ordered by room — it keeps the order the listing agent chose.
The Home
At a glance
- Bedrooms
- 3
- Bathrooms
- 2
- Sq ft
- 1,320
More property facts 2 more
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Traditional home, built 1957. Three bedrooms, two bathrooms, 1,320 sq ft on 5.39 acres in Walland, TN 37886. Partially finished basement, fireplace, laminate, tile and vinyl floors. In the Skinner subdivision.
Notes from the listing agent →Notes from the listing agent
A UNIQUE EAST TENNESSEE OPPORTUNITY WITH INCOME, SPACE & ROOM TO GROW! Come discover the possibilities at this 5.39-acre income-producing property in beautiful Walland, TN, ideally situated near Maryville, Townsend, Little River, and the Great Smoky Mountains. Offering a unique residential communal living setup, the property features a 3BR/2BA home with basement and 7 existing rental units, currently generating approximately $6,400/month, with potential revenue of approximately $8,300/month. Current Cap Rate: 9.45% | Pro Forma Cap Rate: 12.7% The property also includes the current RV, covered carports, sheds, established garden areas, and plenty of open space to enjoy. Whether you're looking to continue the existing income stream, create a homesteading lifestyle, expand the current setup, or explore additional income opportunities, there's plenty of room to make this property your own. Convenient US-321 access puts you close to the area's natural beauty while still offering easy access to nearby communities. Buyer to verify all information.
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The Neighborhood
4532 E Lamar Alexander Pkwy is one of 27 homes for sale in Walland, TN right now.
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$684 / year
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Listing data from East Tennessee REALTORS® via Spark (FlexMLS). Information deemed reliable but not guaranteed.
MLS # 1356814. Last updated: Sep 25, 10:21 PM EDT.
Presented by Shawn Wilmoth, United Real Estate Solutions — an East Tennessee REALTORS® Participant.