Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3 Beds
1 Bath
1,793 sqft

$1,170,000

407 W Wheeler St, Rockwood TN, 37854

Price per sqft$652.54
Built in1919
Property size1,793 sqft
Property typeResidential
Courtesy of Slyman Real Estate, Shardae Harris-Green

Overview

Active

Listed Sep 12, 2026

Updated 3 weeks ago

Rare opportunity to purchase a 100% occupied, seven-property investment portfolio in Roane County. This professionally managed portfolio offers multiple income-producing properties and strong potential for investors looking to expand or establish a presence in a growing market. Current property management may be available to continue for a seamless transition. The portfolio has been appraised. Seller financing may be considered only with the purchase of the entire portfolio. Properties may also be purchased individually. Please do not disturb tenants. Portfolio includes: 525 Sewanee Street: 2 bedrooms, 1 bathroom, $175,000, currently rented for $950 per month. 407 West Wheeler Avenue: 3 bedrooms, 1 bathroom, $200,000, currently rented for $1,250 per month. 521 North Chamberlain Avenue: 2 bedrooms, 1 bathroom, $170,000, currently rented for $950 per month. 265 Morning Drive: 3 bedrooms, 1 bathroom, $165,000, currently rented for $820 per month. 210 Barnett Circle: 2 bedrooms, 1 bathroom, $120,000, currently rented for $900 per month. 619 South Patton Avenue: 3 bedrooms, 1 bathroom, $150,000, currently rented for $1,200 per month. 501 West Rockwood Street: 3 bedrooms, 1 bathroom, $190,000, currently rented for $900 per month. Total portfolio price is $1,170,000. Current gross monthly rental income is $6,970. Current gross annual rental income is $83,640. Buyer and buyer's agent to independently verify all information, including square footage, rental income, occupancy, property details, and intended use.

$7,784/mo

Est. mortgage payment based on a $1,170,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1355281

Interior Features

Bedrooms
3
Bathrooms
1
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.3 Acres

Courtesy of Slyman Real Estate, Shardae Harris-Green

The data relating to real estate for sale on this website comes in part from the East Tennessee Realtors. Real estate listings held by brokerage firms other than Kathy May-Martin are marked with the IDX logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the East Tennessee Realtors. East Tennessee Realtors may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kathy May-Martin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 East Tennessee Realtors. All rights reserved.

Data last updated 3:52 AM UTC, 9/12/2026

 

Powered by Luxury Presence