# 508 E Central Ave, Lafollette, TN 37766

> **TL;DR:** residential multi family, $575,000 ($142/sqft), built 1930, 4,040 sqft.
> A/C. Est. $3,076/mo. Listed 135 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $575,000 |
| Price/sqft | $142 |
| Square Feet | 4,040 |
| Year Built | 1930 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 135 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,908 |
| Estimated Insurance | $168 |
| **Total** | **$3,076** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1930

## Description

### Agent Description
Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 7-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly. Highlights: - Seven fully renovated units across two buildings, thoughtfully updated for durability and market appeal. - Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays. - Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts. - Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services. - Investment-friendly pricing designed to facilitate a smooth transaction and fast close. Why this works for investors: - Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs. - Recent renovations reduce near-term capex and lower maintenance headaches. - Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access. This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.

## Location

- **Address:** 508 E Central Ave, Lafollette, TN 37766
- **County:** Campbell County - 37
- **Coordinates:** 36.384823, -84.116883
- **Google Maps:** https://www.google.com/maps?q=36.384823,-84.116883

## Listing Agent

- **Name:** Mark Hunter
- **Brokerage:** United Real Estate Solutions
- **Broker Phone:** (865) 621-2040
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/508-E-Central-Ave_La-Follette_TN_37766_M93206-32960?f=listhub&s=KAARMLSTN&m=1344805&c=propsimple)

## Photos

![508 E Central Ave - Photo 1](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f3583117101r.jpg)

![508 E Central Ave - Photo 2](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f2140915656r.jpg)

![508 E Central Ave - Photo 3](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f2033293275r.jpg)

![508 E Central Ave - Photo 4](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f268653571r.jpg)

![508 E Central Ave - Photo 5](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f30604875r.jpg)

![508 E Central Ave - Photo 6](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f1630763400r.jpg)

![508 E Central Ave - Photo 7](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f3650635408r.jpg)

![508 E Central Ave - Photo 8](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f2422221081r.jpg)

![508 E Central Ave - Photo 9](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f1659623288r.jpg)

![508 E Central Ave - Photo 10](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f4102855832r.jpg)

![508 E Central Ave - Photo 11](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f3856698903r.jpg)

![508 E Central Ave - Photo 12](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f563244732r.jpg)

![508 E Central Ave - Photo 13](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f241337970r.jpg)

![508 E Central Ave - Photo 14](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f907553998r.jpg)

![508 E Central Ave - Photo 15](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f942742151r.jpg)

![508 E Central Ave - Photo 16](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f4075246308r.jpg)

![508 E Central Ave - Photo 17](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f1274567892r.jpg)

![508 E Central Ave - Photo 18](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f422917676r.jpg)

![508 E Central Ave - Photo 19](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f3315766751r.jpg)

![508 E Central Ave - Photo 20](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f899458929r.jpg)

![508 E Central Ave - Photo 21](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f2308960809r.jpg)

![508 E Central Ave - Photo 22](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f1948750269r.jpg)

![508 E Central Ave - Photo 23](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f2999462723r.jpg)

![508 E Central Ave - Photo 24](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f1836540914r.jpg)

![508 E Central Ave - Photo 25](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f1798986943r.jpg)

![508 E Central Ave - Photo 26](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f480105405r.jpg)

![508 E Central Ave - Photo 27](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f2807303860r.jpg)

![508 E Central Ave - Photo 28](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f2603567899r.jpg)

![508 E Central Ave - Photo 29](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f315893899r.jpg)

![508 E Central Ave - Photo 30](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f3492457156r.jpg)

![508 E Central Ave - Photo 31](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f1861710317r.jpg)

![508 E Central Ave - Photo 32](http://lh.rdcpix.com/296b40e6109e81b54a03c69497ca501al-f3682826596r.jpg)

---

**MLS#:** 1344805 | **Updated:** 2026-10-27
**Source:** listhub

*Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/508-e-central-ave-lafollette-tn-37766-ed44d5049aee4cdea7b1aa1a429f25bb)

---

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