Real Estate Investment Properties for Sale in Erwin, TN

Looking for investment property in Erwin, TN with high ROI ?

Explore a variety of short-term homes & houses in Erwin, TN. Invest wisely with VRBO & Erwin, TN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Erwin, TN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
638 S Elm Avenue Erwin, TN Welcome to 638 S Elm Avenue, nestled in the beautiful Erwin hills with open arms ready to ...	3 beds \| 2 baths \| 2,133 sq.ft.	$387,500	Airbnb cash on cash: -0.98% Traditional cash on cash: 4.2% Airbnb Rental Income: $512 Traditional Rental Income: $2120 Airbnb ROI: -0.98% Traditional ROI: 4.2%
106 Buffalo Court Erwin, TN BACK ON MARKET - MOVE-IN READY 3 bedroom/1.5 bath home. Remodeled kitchen with new cabinet...	3 beds \| 2 baths \| 1,210 sq.ft.	$279,900	Airbnb cash on cash: -0.74% Traditional cash on cash: 4.5% Airbnb Rental Income: $512 Traditional Rental Income: $1620 Airbnb ROI: -0.74% Traditional ROI: 4.5%
315 9th Street Erwin, TN Welcome to this charming 3-bedroom, 2-bath home situated on a large corner lot in the hear...	3 beds \| 2 baths \| 1,788 sq.ft.	$249,900	Airbnb cash on cash: -0.71% Traditional cash on cash: 7.37% Airbnb Rental Income: $512 Traditional Rental Income: $2144 Airbnb ROI: -0.71% Traditional ROI: 7.37%
440 Love Street Erwin, TN Nestled conveniently between Asheville and Johnson City, this lovely historic home is just...	5 beds \| 2 baths \| 2,504 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $2392 Airbnb ROI: N/A Traditional ROI: 5.72%
205 Okolona Drive Erwin, TN Welcome home to this charming 3 bedroom, 1.5 bath bungalow nestled in the quaint town of E...	3 beds \| 2 baths \| 1,387 sq.ft.	$209,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 7.85% Airbnb Rental Income: $512 Traditional Rental Income: $1904 Airbnb ROI: -0.56% Traditional ROI: 7.85%
301 Cabin Orchard Road Erwin, TN This place is unbelievable. It's like having your own personal family compound in the moun...	4 beds \| 4 baths \| 3,344 sq.ft.	$1,300,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.33% Airbnb Rental Income: $null Traditional Rental Income: $3063 Airbnb ROI: N/A Traditional ROI: 1.33%
802 Chestnut Avenue Erwin, TN Welcome to 802 Chestnut Avenue in beautiful Erwin! This spacious Cape Cod style home sits ...	3 beds \| 3 baths \| 2,632 sq.ft.	$469,900	Airbnb cash on cash: -0.94% Traditional cash on cash: 4.22% Airbnb Rental Income: $512 Traditional Rental Income: $2505 Airbnb ROI: -0.94% Traditional ROI: 4.22%
418 Opekiska Street Erwin, TN Welcome to this delightful historic cottage nestled in beautiful downtown Erwin. Warm, inv...	2 beds \| 2 baths \| 1,407 sq.ft.	$249,900	Airbnb cash on cash: 0.98% Traditional cash on cash: 6.01% Airbnb Rental Income: $995 Traditional Rental Income: $1827 Airbnb ROI: 0.98% Traditional ROI: 6.01%
752 N Main Avenue Erwin, TN Charming 2-story home zoned for residential or commercial in the beautiful city of Erwin T...	4 beds \| 2 baths \| 2,454 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.47% Airbnb Rental Income: $null Traditional Rental Income: $2328 Airbnb ROI: N/A Traditional ROI: 7.47%
639 Ohio Avenue Erwin, TN This is not a typical flip. The home was originally renovated prior to the sellers' purcha...	3 beds \| 2 baths \| 2,052 sq.ft.	$285,000	Airbnb cash on cash: -0.99% Traditional cash on cash: 6.37% Airbnb Rental Income: $512 Traditional Rental Income: $2213 Airbnb ROI: -0.99% Traditional ROI: 6.37%
133 Deacon Creek Road Erwin, TN Charming Cottage with Mountain Views & Outdoor Living Spaces! Nestled in a serene mountain...	3 beds \| 1 baths \| 1,308 sq.ft.	$250,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 5.02% Airbnb Rental Income: $512 Traditional Rental Income: $1594 Airbnb ROI: -0.72% Traditional ROI: 5.02%
429 Love Street Erwin, TN Welcome to 429 Love Street-- timeless curb appeal in the heart of Erwin! Whether you're lo...	3 beds \| 2 baths \| 1,826 sq.ft.	$405,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 3.57% Airbnb Rental Income: $512 Traditional Rental Income: $2028 Airbnb ROI: -1.15% Traditional ROI: 3.57%
518 Ohio Avenue Erwin, TN TIMELESS CHARM MEETS MODERN UPDATES Enjoy the perfect blend of historic character and cont...	3 beds \| 2 baths \| 2,099 sq.ft.	$389,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 3.57% Airbnb Rental Income: $512 Traditional Rental Income: $1872 Airbnb ROI: -0.91% Traditional ROI: 3.57%
1027 N Elm Avenue Erwin, TN Welcome to this charming 1910 stone cottage in the Town of Erwin -- full of character, war...	3 beds \| 1 baths \| 1,305 sq.ft.	$199,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 6.35% Airbnb Rental Income: $512 Traditional Rental Income: $1550 Airbnb ROI: -0.57% Traditional ROI: 6.35%
513 Tinker Cemetery Road Erwin, TN Welcome to your own little mountain retreat with this charming cabin in the Temple Hill ar...	2 beds \| 1 baths \| 1,344 sq.ft.	$189,500	Airbnb cash on cash: 1.76% Traditional cash on cash: 5.44% Airbnb Rental Income: $995 Traditional Rental Income: $1304 Airbnb ROI: 1.76% Traditional ROI: 5.44%
154 Sycamore Street Erwin, TN This one level, three bedroom, two bath home in Erwin offers 1,245 square feet and is comp...	3 beds \| 2 baths \| 1,245 sq.ft.	$259,900	Airbnb cash on cash: -0.73% Traditional cash on cash: 2.59% Airbnb Rental Income: $512 Traditional Rental Income: $1052 Airbnb ROI: -0.73% Traditional ROI: 2.59%
120 Ervin Loop Erwin, TN Step into timeless elegance with this stunning Cypress model luxury home, built in 2023, o...	3 beds \| 3 baths \| 1,864 sq.ft.	$495,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 3.47% Airbnb Rental Income: $512 Traditional Rental Income: $2378 Airbnb ROI: -1.15% Traditional ROI: 3.47%
100 Edwards Ridge Road Erwin, TN Escape to your own private slice of East Tennessee with this doublewide home completely su...	3 beds \| 2 baths \| 1,728 sq.ft.	$259,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 5.87% Airbnb Rental Income: $512 Traditional Rental Income: $1870 Airbnb ROI: -0.81% Traditional ROI: 5.87%
102 Tolley Lane Erwin, TN Nestled in the heart of Erwin, TN, this charming 3-bedroom, 2-bathroom fence backyard home...	3 beds \| 2 baths \| 1,144 sq.ft.	$134,900	Airbnb cash on cash: -0.15% Traditional cash on cash: 11.77% Airbnb Rental Income: $512 Traditional Rental Income: $1782 Airbnb ROI: -0.15% Traditional ROI: 11.77%
412 Railroad Street Erwin, TN Nestled in the charming town of Erwin at the foot of the Appalachian Mountains, this beaut...	2 beds \| 1 baths \| 920 sq.ft.	$169,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 6.13% Airbnb Rental Income: $995 Traditional Rental Income: $1288 Airbnb ROI: 2.13% Traditional ROI: 6.13%
524 Carolina Avenue Erwin, TN Motivated Seller!! This one-level cottage in the heart of Erwin is a solid option for firs...	2 beds \| 1 baths \| 956 sq.ft.	$224,900	Airbnb cash on cash: 1.22% Traditional cash on cash: 4.38% Airbnb Rental Income: $995 Traditional Rental Income: $1315 Airbnb ROI: 1.22% Traditional ROI: 4.38%
106 Hasty Boulevard Erwin, TN Beautifully remodeled and move-in ready, this stunning one-level home in Erwin, TN offers ...	4 beds \| 3 baths \| 1,976 sq.ft.	$319,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.44% Airbnb Rental Income: $null Traditional Rental Income: $2429 Airbnb ROI: N/A Traditional ROI: 6.44%
600 Valley Avenue Erwin, TN Welcome to 600 Valley Avenue in the heart of Erwin, TN - a spacious and unique retreat nes...	4 beds \| 3 baths \| 3,801 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.83% Airbnb Rental Income: $null Traditional Rental Income: $2658 Airbnb ROI: N/A Traditional ROI: 4.83%
116 Hasty Boulevard Erwin, TN This beautiful 4 bedroom 2.5 bath spacious home has much to offer with a private quiet mou...	4 beds \| 3 baths \| 2,716 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $2529 Airbnb ROI: N/A Traditional ROI: 5.11%
322 Carolina Avenue Erwin, TN Are you dreaming of a home with true historic charm, rich character, and all the comforts ...	4 beds \| 2 baths \| 1,650 sq.ft.	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.48% Airbnb Rental Income: $null Traditional Rental Income: $2369 Airbnb ROI: N/A Traditional ROI: 6.48%
511 Coffee Street Erwin, TN Offering a 1 Year Home Warranty and $5,000 USD Towards Buyers Closing Cost or Prepaids- We...	3 beds \| 2 baths \| 1,145 sq.ft.	$230,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 5.05% Airbnb Rental Income: $512 Traditional Rental Income: $1466 Airbnb ROI: -0.59% Traditional ROI: 5.05%
80 Jones Road Erwin, TN Presenting Liberty Estates Apartments located at 80 Jones Road, Erwin, TN 37650. The prope...	8 beds \| 7 baths \| N/A	$3,950,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.86% Airbnb Rental Income: $null Traditional Rental Income: $1849 Airbnb ROI: N/A Traditional ROI: -0.86%
165 Smith Avenue Erwin, TN Extremely well maintained units. Each unit is a 2 bed, 2 bath unit at approximately 1,000 ...	4 beds \| 2 baths \| 2,054 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.48% Airbnb Rental Income: $null Traditional Rental Income: $2218 Airbnb ROI: N/A Traditional ROI: 4.48%
111 Parsley Street Erwin, TN NEW CONSTRUCTION. Just completed new home in established neighborhood. Convenient Erwin lo...	3 beds \| 2 baths \| 1,288 sq.ft.	$279,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 4.98% Airbnb Rental Income: $512 Traditional Rental Income: $1680 Airbnb ROI: -0.49% Traditional ROI: 4.98%
1000 Quail Run Erwin, TN Being sold AS-IS to settle an estate. Great opportunity to purchase at a reduced price and...	3 beds \| 3 baths \| 2,117 sq.ft.	$390,000	Airbnb cash on cash: -1.08% Traditional cash on cash: 4.17% Airbnb Rental Income: $512 Traditional Rental Income: $2158 Airbnb ROI: -1.08% Traditional ROI: 4.17%
143 Horton Ridge Road Erwin, TN Welcome to this beautifully renovated Cape Cod home offering nearly 3,400 finished square ...	3 beds \| 4 baths \| 3,372 sq.ft.	$549,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 3.03% Airbnb Rental Income: $512 Traditional Rental Income: $2296 Airbnb ROI: -0.98% Traditional ROI: 3.03%
538 Rock Creek Road Erwin, TN Welcome to 538 Rock Creek Road in beautiful Erwin, Tennessee - a charming 3-bedroom, 2-bat...	3 beds \| 2 baths \| 1,320 sq.ft.	$299,900	Airbnb cash on cash: -0.78% Traditional cash on cash: 4.46% Airbnb Rental Income: $512 Traditional Rental Income: $1717 Airbnb ROI: -0.78% Traditional ROI: 4.46%
146 Ervin Loop Erwin, TN Gorgeous new construction ,ONE LEVEL home with an open floor plan offering 3 bedrooms, 2 b...	3 beds \| 2 baths \| 1,589 sq.ft.	$439,900	Airbnb cash on cash: -0.72% Traditional cash on cash: 3.36% Airbnb Rental Income: $512 Traditional Rental Income: $1917 Airbnb ROI: -0.72% Traditional ROI: 3.36%
144 Ervin Loop Erwin, TN Orth Homes presents the Maple plan offering the convenience of one level living with 3 Bed...	3 beds \| 2 baths \| 1,735 sq.ft.	$444,900	Airbnb cash on cash: -0.73% Traditional cash on cash: 3.39% Airbnb Rental Income: $512 Traditional Rental Income: $1953 Airbnb ROI: -0.73% Traditional ROI: 3.39%
102 Sycamore And 602 Monroe Street Erwin, TN Investors take note! This sale includes two parcels- one 1232 square foot 3/2 home with ha...	3 beds \| 2 baths \| 1,952 sq.ft.	$259,900	Airbnb cash on cash: -0.81% Traditional cash on cash: 7.09% Airbnb Rental Income: $512 Traditional Rental Income: $2175 Airbnb ROI: -0.81% Traditional ROI: 7.09%
1209 Brown Road Erwin, TN New construction located in the heart of Erwin! This beautiful home offers the convenience...	3 beds \| 2 baths \| 1,775 sq.ft.	$454,900	Airbnb cash on cash: -0.73% Traditional cash on cash: 3.56% Airbnb Rental Income: $512 Traditional Rental Income: $2065 Airbnb ROI: -0.73% Traditional ROI: 3.56%
1207 Brown Road Erwin, TN Gorgeous new construction in Erwin's newest community, Fishery Village! The Ash floor plan...	3 beds \| 2 baths \| 1,943 sq.ft.	$494,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 3.34% Airbnb Rental Income: $512 Traditional Rental Income: $2132 Airbnb ROI: -0.75% Traditional ROI: 3.34%
317 Gay Street Erwin, TN 72 hour first right of refusal. A charming 1899 Craftsman influenced home, reflects early ...	4 beds \| 2 baths \| 2,790 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.45% Airbnb Rental Income: $null Traditional Rental Income: $2537 Airbnb ROI: N/A Traditional ROI: 8.45%
313 School Street Erwin, TN Welcome to this charming 1940s cottage-style home, offered for the first time on the marke...	2 beds \| 1 baths \| 900 sq.ft.	$179,900	Airbnb cash on cash: 1.97% Traditional cash on cash: 5.86% Airbnb Rental Income: $995 Traditional Rental Income: $1306 Airbnb ROI: 1.97% Traditional ROI: 5.86%
222 2nd Street Erwin, TN Discover this charming Dutch Colonial home nestled in downtown Erwin, Tennessee. This deli...	3 beds \| 2 baths \| 2,216 sq.ft.	$271,500	Airbnb cash on cash: -0.93% Traditional cash on cash: 6.88% Airbnb Rental Income: $512 Traditional Rental Income: $2239 Airbnb ROI: -0.93% Traditional ROI: 6.88%

Real Estate investment in Erwin, TN

There are 58 properties for sale in the city of Erwin . The median list price in Erwin is $282,450 and the average price per square foot is $156. In May 2026, the average monthly cash on cash return in Erwin is 5.00%. The average monthly rental income in Erwin is $1,917.

Erwin, TN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 58 investment properties available for sale in Erwin.

In 2026, the best neighborhood to buy investment property is Erwin.

The ROI for Long-Term is higher than the Short-Term in Erwin with average rental income of $1,917.

Your search for investment property begins and ends here

Investment Property for Sale in Erwin, TN

638 S Elm Avenue

Erwin, TN

3 beds | 2 baths | 2,133 sq.ft.

$387,500

Airbnb cash on cash: -0.98%

Traditional cash on cash: 4.2%

Airbnb Rental Income: $512

Traditional Rental Income: $2120

Airbnb ROI: -0.98%

Traditional ROI: 4.2%

106 Buffalo Court

Erwin, TN

3 beds | 2 baths | 1,210 sq.ft.

$279,900

Airbnb cash on cash: -0.74%

Traditional cash on cash: 4.5%

Airbnb Rental Income: $512

Traditional Rental Income: $1620

Airbnb ROI: -0.74%

Traditional ROI: 4.5%

315 9th Street

Erwin, TN

3 beds | 2 baths | 1,788 sq.ft.

$249,900

Airbnb cash on cash: -0.71%

Traditional cash on cash: 7.37%

Airbnb Rental Income: $512

Traditional Rental Income: $2144

Airbnb ROI: -0.71%

Traditional ROI: 7.37%

440 Love Street

Erwin, TN

5 beds | 2 baths | 2,504 sq.ft.

$349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.72%

Airbnb Rental Income: $null

Traditional Rental Income: $2392

Airbnb ROI: N/A

Traditional ROI: 5.72%

205 Okolona Drive

Erwin, TN

3 beds | 2 baths | 1,387 sq.ft.

$209,000

Airbnb cash on cash: -0.56%

Traditional cash on cash: 7.85%

Airbnb Rental Income: $512

Traditional Rental Income: $1904

Airbnb ROI: -0.56%

Traditional ROI: 7.85%

301 Cabin Orchard Road

Erwin, TN

4 beds | 4 baths | 3,344 sq.ft.

$1,300,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.33%

Airbnb Rental Income: $null

Traditional Rental Income: $3063

Airbnb ROI: N/A

Traditional ROI: 1.33%

802 Chestnut Avenue

Erwin, TN

3 beds | 3 baths | 2,632 sq.ft.

$469,900

Airbnb cash on cash: -0.94%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $512

Traditional Rental Income: $2505

Airbnb ROI: -0.94%

Traditional ROI: 4.22%

418 Opekiska Street

Erwin, TN

2 beds | 2 baths | 1,407 sq.ft.

$249,900

Airbnb cash on cash: 0.98%

Traditional cash on cash: 6.01%

Airbnb Rental Income: $995

Traditional Rental Income: $1827

Airbnb ROI: 0.98%