24
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525 Pigeon Forge RD
About This Property
Inside, abundant natural light streams into open living spaces centered around a cozy natural gas fireplace, dedicated dining area, and bright breakfast nook. The updated kitchen comes equipped with undercabinet lighting, ice maker plumbing, and flexible gas or electric options with gas lines plumbed behind the oven. Main-floor features include a full laundry room with gas plumbing, half bath, and durable Andersen storm doors on both front and back entrances.
Upstairs, every bedroom provides abundant living space. The primary suite even features a dedicated reading or study alcove, dual closets, and a double-vanity bathroom, and is complemented by a second dual-vanity hall bath serving the additional bedrooms.
Key structural and mechanical updates bring added peace of mind, including a newer roof (2025) with warranty, repaired foundation with warranty, HVAC system installed in December 2021, water heater installed in September 2020, and full front and back rain gutters. The outdoor space boasts a manicured lawn with mature trees, a large patio for gatherings, a handy storage shed, and a rear gate opening directly to a green open easement with currently no direct rear neighbors except Timmerman's cows and crops.
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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%.
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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 |
|---|---|---|---|
| Oct 18, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2026 | Price Decreased |
$329,990
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Sep 25, 2026 | Listed by Keller Williams Realty Lone St | $345,000 | |
| Listed by Keller Williams Realty Lone St | |||
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About Gatlinburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017