2361 Tennessee 131 Hwy, Thorn Hill, TN 37881

$320,000
  • 2361 Tennessee 131 Hwy, Thorn Hill, TN 37881 Main Photo

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Active Price Reduced by $30,000 on November 12th, 2026
BEDS0 BATHS MLS#1360304
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Fully leased four-unit multifamily property on 2 acres in Thorn Hill, surrounded by beautiful East Tennessee scenery and a peaceful, quiet setting.All four units are occupied by established tenants, providing an income-producing opportunity with existing leases in place. A shared on-site laundry facility adds convenience for residents. Tenants are responsible for electricity, while the landlord pays for water. A scenic rural setting and established rental history make this property worth a closer look for investors seeking to build or expand their portfolio. Financials available upon request.*See MLS # 1360233 for investment opportunity that includes the home on the hill.

2361 Tennessee 131 Hwy | MLS# 1360304

This multi-family property located at 2361 Tennessee 131 Hwy, Thorn Hill, TN 37881 is currently listed for sale with an asking price of $320,000. Search Thorn Hill real estate on vpanarelli.franklinrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Space Heater, Electric
Lot Size: 1015X3257IRR
Year Built: 1960

Feature Descriptions

Appliances: Dryer, Range, Refrigerator, Washer
Days on Site: 16
Exterior: Metal Siding, Frame
Flooring: Laminate
Lot Dimensions: 1015X3257IRR
Parcel #: 075 058.00
Parking: Detached
Units: 4

Local Schools

High School: Hancock
Middle School: Hancock
Elementary School: Hancock County

Listed By / Shown By

Listed By

Agency Name: Realty Executives Associates

Shown By

Agent Name: Valerie Panarelli
Agent Phone: (845) 772-1127
Agency Title: Franklin Realty Inc.

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Estimated Payment

$ 2,055.27 per month $1,961.94 Principal & Interest $0.00 Property Tax (data not provided by mls) $93.33 Homeowner's Insurance

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