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Lot 1-5 Forge Hideaway Road
About This Property
The property features a beautifully maintained, wooded setting that offers both privacy and convenience. With nearly four acres spread across five adjoining lots, this property presents an outstanding opportunity for investors, builders, and developers seeking a prime location in the Smoky Mountains.
According to information provided by the seller, the property is zoned R-2 within the City of Pigeon Forge, and overnight rental use may be permitted subject to all applicable city requirements, approvals, and permitting regulations. Engineering work has already been completed for the proposed construction of five duplexes, and the owners have made those plans available within the associated documents for review.
Opportunities of this size and location are becoming increasingly difficult to find in Pigeon Forge. Whether you're considering overnight rental development or another permitted use, this property offers exceptional potential in one of East Tennessee's most desirable destinations.
Buyers are encouraged to perform their own due diligence regarding zoning, permitted uses, lot dimensions, utility availability, permitting requirements, engineering plans, acreage, and any other information important to their intended use of the property.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$749,900
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Aug 8, 2026 | Listed by New Direction Real Estate, LLC | $774,900 | |
| Listed by New Direction Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017