Sales Price: $1,219,000
Townhouse
- Year Built: 1978
- City Tax: $2,832
- County Tax: $3,513
- Lot Size: 0.00 acre(s)
- Total Area: 3,144 ft²
- Heating: Heat Pump
- Cooling: Heat Pump
- Water / Sewage: Public
- Topography: Level, Sloped
8-Unit Multifamily Investment OpportunityNow available—well-maintained 8-unit townhome-style complex in a prime Johnson City location offering strong occupancy and immediate income potential.The property features eight 2-bedroom, 1.5-bath units, with a convenient half bath on the main level and full bath upstairs. Currently, 7 units are occupied with 1 unit intentionally left vacant for showings, providing easy access for prospective buyers without disrupting tenant stability.Many units have been updated with new flooring, PEX plumbing, and updated appliances, offering a more modern feel while helping reduce ongoing maintenance. The property has been consistently cared for and presents a solid opportunity for investors seeking a stable, income-producing asset.Ideally located just minutes from East Tennessee State University (ETSU), Johnson City Medical Center, and the VA Hospital, this property benefits from steady rental demand. Tenants also enjoy convenient access to grocery stores, everyday essentials, and downtown Johnson City dining and entertainment.Highlights:8 total units (2BR / 1.5BA townhome-style)7 occupied, 1 vacant for showingsUpdates in many units: flooring, PEX plumbing, appliancesDesirable layout with half bath on main levelStrong rental location near major employers and amenitiesConsistent occupancy with investment upsideWhether you're expanding your portfolio or entering the multifamily space, this property offers a balanced combination of stability, location, and long-term potential.Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information.
Lot Dimensions: 158.14 X 249.34 IRR
Expenses Include: Lawn Maint, Water/Sewer, Repairs and Maint, Property Management
Community: Washington County, , Subdivision, Zoned R 4
Schools: Cherokee Elementary, Liberty Bell Middle, Science Hill High
Interior Features:
Other Rooms: Laundry Flooring: Luxury Vinyl
Exterior Features:
Roof: Composition Exterior Finish: Wood Siding Other Exterior: Balcony