540 Conley Tr
About This Property
The home features 3 spacious bedrooms and 2 full bathrooms, including a primary suite with a walk-in shower, along with a thoughtfully designed floor plan suited for both everyday living and entertaining. The kitchen is a standout, featuring modern slate-colored appliances, a spacious kitchen island, and a farmhouse apron-front sink, offering both style and functionality with plenty of room for cooking, gathering, and entertaining.
A highlight of the home is the large laundry/mud room with a utility sink and extra storage space, providing plenty of room for organization and household tasks. Washer and dryer will convey with the purchase, adding additional convenience for the new owners.
Enjoy the peaceful surroundings from the covered front deck, a welcoming space to relax with morning coffee or unwind in the evening. The property also includes a detached one-car garage, ideal for parking, storage, or workshop use.
The expansive backyard offers ample space for outdoor activities, gardening, pets, or entertaining, all within a friendly neighborhood setting with a quiet country feel.
For added peace of mind, the home features a brand-new roof installed in 2025.
Conveniently located with easy access to Jefferson City, Morristown, and Sevierville, and just a short drive to the Great Smoky Mountains, this property offers peaceful country living while remaining close to shopping, dining, and the many recreational opportunities East Tennessee has to offer.
Homes like this don't stay on the market long--schedule your showing before someone else calls it home!
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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 1, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | Listed by EXIT Realty of the Smokies | $309,900 | |
| Listed by EXIT Realty of the Smokies | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017