$1,750,000

Estimated payment $11,369/month

Total Views 158
-- Bed
-- Bath
3,200 Sq Ft
$547 Price per Sq Ft

Highlights

  • No HOA
  • Landscaped
  • Level Lot
  • Window Unit Cooling System
  • Luxury Vinyl Plank Tile Flooring
  • Heating Available

About This Home

Rare Investment Opportunity Near Historic Downtown Jonesborough!

Fantastic opportunity to own a fully occupied 8-unit apartment property in an incredible location within walking distance of charming historic downtown Jonesborough. Each unit offers 2 bedrooms and 1 full bath, a fully equipped kitchen, washer and dryer hookups, luxury vinyl flooring, and window blinds.

All 8 units are currently rented, providing immediate rental income with potential for future rent increases. 5 units are equipped with mini-split heating and cooling systems, while the remaining 3 have window air-conditioning units. A new roof was installed in 2020, adding to the property's appeal and long-term value.

The location is truly hard to beat! Residents can walk to historic downtown Jonesborough to enjoy its restaurants, shops, community events, and small-town charm. The property is also within walking distance of the Jonesborough Senior Center and conveniently located near a public pickleball court, adding even more recreational opportunities nearby. Plus, Johnson City and the surrounding Tri-Cities area are just a short drive away.

Whether you're looking to expand your investment portfolio or add a fully occupied multifamily property with future income potential, this 8-plex offers an outstanding combination of location, occupancy, and opportunity.

Rent rolls for all 8 units attached

Listing Agent

Erika Santucci

Coldwell Banker Security Real Estate Listed on: 08/14/2026

Coldwell Banker Security Real Estate

Co-Listing Agent

JACQUE LOWE

Coldwell Banker Security Real Estate License #312937

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 22,651 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Property is in average condition

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property
  • Luxury Vinyl Plank Tile Flooring
  • Electric Range
  • Washer and Electric Dryer Hookup

Schools

  • Jonesborough Elementary And Middle School
  • David Crockett High School

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 052o D 01103 000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Utility Expense $159,300
  • Operating Expense $841,496
  • Gross Income $9,540,000
  • Net Operating Income $8,119,204

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0.52 Acres

Listing Details

  • Directions: From JC - Go West Market to (L) onto John Sevier Ave, bear (R) onto Jefferson Dr, (L) onto Longview
  • Prop. Type: Multi Family
  • Building Stories: 1
  • Year Built: 1980
  • IncomeAndExpensesAnnualUtilityExpenses: 159300
  • Property Sub Type: Multi Family
  • Reso Association Amenities: Landscaping
  • Co List Office Phone: 423-282-2595
  • Architectural Style: See Remarks
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: Multi Family
  • Location Tax Legal Info Parcel ID: 052o D 01103 000
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.52
  • General Property Description Zoning2: multi
  • General Property Description Elementary School3: Jonesborough
  • General Property Description Middle School2: Jonesborough
  • General Property Description High School3: David Crockett
  • General Property Description HOA YN: No
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 180 x 126 irr
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Stories2: 1
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Utilities Cable Available: Yes
  • Foundation Block6: Yes
  • Flooring Luxury Vinyl: Yes
  • Excluded From Sale A C Window Units: Yes
  • Property Condition Average: Yes
  • RoofAsphalt: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 8
  • General Property Description Home Warranty2: No
  • Levels One: Yes
  • General Property Description Senior Community YN3: No
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Utilities Sewer Connected: Yes
  • Structure Type Multi Family: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Flooring: Luxury Vinyl
  • Appliances:Electric Range: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Asphalt
  • Acres: 0.52
  • Topography: Sloped, Level
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Exterior Finish Vinyl Siding: Yes

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes

Utilities

  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Window Unit(s), Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Other12: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • AmenitiesLandscaping: Yes

Schools

  • Elementary School: Jonesborough
  • High School: David Crockett
  • Middle Or Junior School: Jonesborough

Lot Info

  • Zoning: multi
  • Lot Dimensions: 180 x 126 irr
  • Lot Size Sq Ft: 22651.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 052o D 01103 000

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 9540000.0
  • Annual Operating Expense: 841496.0

Map

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/14/2026 08/14/26 For Sale $1,750,000 -- $547 / Sq Ft
Source: Tennessee/Virginia Regional MLS

Source: Tennessee/Virginia Regional MLS

MLS Number: 9999527

Tennessee/Virginia Regional MLS
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