$369,000

ATTENTION INVESTORS! In-Town Location with City Water and Sewer! This versatile property offers excellent potential for investors looking for rental income, multigenerational living, or future development opportunities. The main level features 3 bedrooms, 1 bath, an open kitchen and dining area, and a spacious great room. An additional bonus room… Read More with plenty of windows provides flexible space for an office, hobby room, or extra living area. Step out onto the deck from the bonus room, where you will also find storage cabinets. Additional features include a large carport, a welcoming front porch with a ramp, and separate electrical meters for each level. The lower-level apartment has a history of rental use, although rental records are not available. Its layout includes a great room, kitchen, dining or office space, and two additional rooms suitable for sleeping, each with a closet. This space offers possibilities for a small-family rental, adult children, or aging parents seeking a separate living arrangement. A separate driveway provides additional parking, and the lower-level carport accommodates two vehicles. There may also be an opportunity to explore creating additional outdoor living space. Enjoy the convenience of an established in-town neighborhood where you can walk along the sidewalks, visit with neighbors, and access nearby schools, parks, shopping, restaurants, and a local brewery. The Little Tennessee River is close by for fishing and canoeing, while the hospital, grocery stores, and Highway 441 are just a short distance away. The elementary school is directly across the street, with open space nearby for children to ride bikes, run, and play. The spacious backyard extends to a stream, offering room for gardening, a children's play area, or a fenced space for pets. Current listing includes 2 parcels 2nd PIN # 6595426568 With city water and sewer available, these additional parcels may offer an opportunity to explore building more rental units, subject to zoning, permitting, and local development requirements. Whether you're looking for a property with existing rental potential, a multigenerational living arrangement, or an opportunity to expand your investment portfolio, this in-town property deserves a closer look! Seller is a licensed Real Estate Agent. EVEN MORE INVESTMENT POTENTIAL! Adjoining parcel totaling approximately 0.86 acre is also available for $89,900. Read Less

Courtesy of Evelyn S. Owens, Keller Williams Realty of Franklin 828-524-0100

Listing Snapshot

Days Online

Last Updated

Nov 6, 2026

Property Type

Residential

Beds

Full Baths

Square Ft.

2,490

Lot Size

0.61 Acres

Year Built

1959

MLS Number

26048855

Additional Details

Property Access

Frontage Type: City Street, Road Surface: Paved

Appliances & Equipment

Electric Water Heater, Dishwasher, Disposal, Exhaust Fan, Microwave, Electric Oven/Range, Refrigerator, Dryer

Basement

Full, Partitioned, Finished, Heated, Exterior Entry, Interior Entry, Washer/Dryer Hook-up, Finished Bath

Building

Built in 1959, Living area: 2490, Living area units: Square Feet, Construction Materials: Block, Asbestos

Cooling

Central Electric, Heat Pump, Window Unit(s)

Doors

Doors-Insulated

Exterior Features

Patio/Porch Features: Deck, Porch

Fireplaces

None

Floors

Hardwood, Ceramic Tile, Laminate

Foundation

Slab

Heating

Electric, Natural Gas, Forced Air, Heat Pump, Floor Furnace

Home Owner's Association

Association Fee: $0

Interior Features

Ceiling Fan(s), Ceramic Tile Bath, Great Room, Kitchen/Dining Room, Kitchen/FR Combo, Living/Dining Room, Main Level Living, Primary on Main Level, Pantry, Sunroom, In-Law Floorplan

Laundry

First Level

Lot

0.61 acres, Allow RVs, Level Yard, Open Lot, Rolling, Sidewalks, City Lot

Parking

1 carport space, 1 covered space, Carport-Single Attached, Paved Driveway

Property

Elevation: 2000

Roof

Metal

Sewer

Public Sewer

Taxes

Parcel Number: 6595427603, Annual Amount: $2,058.46, Tax Book Number: K-24

Utilities

Cell Service Available, Water Source: Public

Water Features

Stream/Creek

Windows

Insulated Windows, Window Treatments

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

165 Watauga St

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Designed for
Smarter Moves

165 Watauga St

'VIP' Listing Search

Schools In The Area

Similar Listings

1. Neighborhoods

2. Home Type

3. Send

Designed for Smarter Moves

Designed for
Smarter Moves