Available for $85,000

Beds: 6
Bath: 2
Sqft: 2,160

Year Built: 1900

Taxes: $470/2025

0.20 Acre Lot​

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*** DO NOT DISTURB. NO TRESPASSING. BY APPT ONLY***

 

Positioned in the heart of growing La Follette, this high-potential residential asset offers a versatile value-add opportunity for long-term rental, short-term leasing, or resale. Located minutes from Norris Lake, Royal Blue ATV trails, downtown La Follette, Jellico Highway, and I-75, the property offers strong potential in a desirable East Tennessee market.

The property is a full gut-to-studs renovation with partial demolition already underway. No appliances or HVAC are currently installed, and the 8 fireplaces are non-functional. A new electrical panel has been installed and wiring has been run throughout portions of the property. Hardwood floors and vinyl siding remain.

A portion of the exterior foundation wall is visibly compromised and will need to be rebuilt; no engineering or contractor assessment has been completed. The historic designation status is unknown and should be verified by the buyer. Seller makes no warranties regarding condition or extent of repairs. Buyer to conduct all inspections and due diligence independently.

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ARV: $300k

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Comps:

1. 4 Bed, 3 Bath, 2,560 Sqft - 213 W Fir St, La Follette, TN 37766

Sold for $349,900 on 10/22/2025

2. 3 Bed, 1 Bath, 2,088 Sqft - 526 Old Middlesboro Hwy, La Follette, TN 37766

Listed for $275,000​

3. 4 Bed, 3 Bath, 2,545 Sqft - 710 S Tennessee Ave, La Follette, TN 37766

Listed for $450,000​​

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Property Highlights:​

• No appliances

• No HVAC system currently installed.

• 8 fireplaces on the property - all currently non-functional

• Partial demo/gutting in progress

• New electrical panel installed

• New wiring run in many areas

• Vinyl siding & Hardwood Floors Throughout

• Buyer must verify condition independently and bring their own contractor/inspector before finalizing.

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PID: 085 OD 018.00