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Gray, TN Multifamily Home for Sale

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    $539,000

    • 1,620 Sq Ft

    473 Rockingham Rd, Gray, TN 37615

    Don't miss this exceptional chance to acquire prime investment properties bundled together in a highly desirable Johnson City location with deeded Boone Lake access. This unique offering includes multiple income-generating properties on a combined 1.15 acres of mostly flat, developable land. 473 Rockingham Rd: Renovated 3BR/2BA doublewide mobile home (1,620 sq ft) on 0.53 acres. Features new

    Shaunna Collins Holston Realty, Inc

    473 Rockingham Rd, Gray, TN 37615

Why Live in Gray

Gray, Tennessee, is a small community located 11 miles north of Johnson City, offering a relaxed residential atmosphere with large lots and a rural appeal. Residents enjoy quick drives to local businesses and various outdoor activities. Boone Lake Beach, 4 miles northeast, is a popular summer destination, while Watauga Lake, 50 miles east, caters to boating and kayaking enthusiasts. The Gray Fossil Site and Museum, discovered in 2000, showcases fossils dating back 4.9 million years, including rare species like red pandas and rhinoceroses. The community features mid-20th-century ranch-style homes on half-acre lots and newer New Traditional-style homes with less acreage. Shopping and dining options are available along Bobby Hicks Highway, with chain restaurants and local favorites like Yong Asian House. For more extensive shopping and dining, residents often head to downtown Johnson City or The Mall at Johnson City. The Appalachian Fairgrounds host the annual Appalachian Fair and Shadrack’s Christmas Wonderland, attracting visitors from the region. Education is provided by Gray Elementary School and Daniel Boone High School, both holding high ratings and offering various student programs. Interstate 26 and Bobby Hicks Highway provide convenient access to Kingsport, Tri-Cities Airport, and Northeast State at Gray. While the community lacks public transportation, the low crime risk compared to the national average adds to its appeal.

Home Price Trends

Median Sale Price
$434,000
Median Single Family Sale Price
$448,000
Median 2 Bedroom Sale Price
$372,500
Average Price Per Sq Ft
$236
Number of Homes for Sale
5
Last 12 months Home Sales
35
Months of Supply
1.70
Median List Price
$497,450
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
11%
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