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Map
332 Padgett Mill Rd
About This Property
Property Highlights:
� 30x50 garage, wired with 220V electricity - perfect for a barndominium conversion
� Concrete pad (32x65) extra concrete to park a RV/camper
� Natural spring tucked behind the garage
� Mostly wooded acreage with wildlife and a multiple homesite ready for your vision
� No restrictions - ideal for building, tiny homes, RV living, homesteading, or vacation rentals
� Low property taxes and no Tennessee state income/retirement tax
Location Perks:
� 10 minutes from the Parkway
� Minutes to the Great Smoky Mountains National Park
� Close to hiking, rivers, and outdoor recreation
This is your opportunity to own a private slice of East Tennessee with freedom to build or explore. Don't miss it!
A DRIVE BY WILL NOT ALLOW YOU TO VIEW THIS PROPERTY , YOU WILL MISS THE BEAUTY IT HAS TO OFFER!
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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 |
|---|---|---|---|
| Jun 15, 2026 | Listed by Goddard Real Estate & Auction | $294,000 | |
| Listed by Goddard Real Estate & Auction | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Feb 23, 2021 | In contract | - | |
| In contract | |||
| Feb 14, 2021 | No longer available | - | |
| No longer available | |||
| May 1, 2020 | Listed by Goddard Real Estate & Auction Company | $120,000 | |
| Listed by Goddard Real Estate & Auction Company | |||
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26.5 Mountain acreage wooded tract in Cosby off Padgett Mill Road, property has a structure that we are placing no value on, but it is rented and lived in. Property has a well and septic , but septic is not on file . 20 minutes from Gatlinburg. less than 5 minutes from a CLASS A TROUT stream. OWNER WILL CONSIDER OWNER FINANCE w/ 30% down and 6%interest.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017