473 Rockingham Rd Gray, TN 37615
Oak Grove NeighborhoodEstimated payment $3,001/month
Highlights
- Lake Front
- Fenced
- Heat Pump System
- Central Air
About This Home
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 appliances, updated floors, and remodeled bathrooms. Currently rents for $1,650/month. 457, 459, 463, 465 Rockingham Rd: A 4-space mobile home park. Units at 457 & 459 are rented singlewides generating $425/month each. Lots at 463 & 465 are vacant and ready for additional homes or development. 136 Snyder Dr: Charming 744 sq ft home on 0.16 acres with lake access, currently rented for $850/month. All properties are adjacent and overlook scenic Boone Lake. A private dock could easily be added, enhancing recreational appeal and long-term value. With strong rental income, development potential, and lake views, this versatile property is perfect for investors, developers, or anyone seeking a unique multi-use asset. Consider building townhomes, apartments, vacation rentals, or even a lakeside campground. The possibilities are endless!
Listing Agent
Holston Realty, Inc Brokerage Phone: 4237938109 License #0225254770 Listed on: 09/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $773
Year Built
- Built in 1993
Lot Details
- Lake Front
- Fenced
Home Design
- Metal Roof
- Vinyl Siding
Interior Spaces
- 1,620 Sq Ft Home
- Crawl Space
- Oven or Range
- Laundry on main level
Schools
- Boones Creek Elementary School
- Boones Creek Middle School
- Daniel Boone High School
Utilities
- Central Air
- Heat Pump System
- Separate Meters
- Natural Gas Not Available
- Electric Water Heater
- Septic Tank
- Cable TV Available
Community Details
- Gross Income $38,400
- Net Operating Income $34,000
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $773 | $45,225 | $10,475 | $34,750 |
| 2024 | $773 | $45,225 | $10,475 | $34,750 |
| 2022 | $427 | $19,850 | $7,475 | $12,375 |
| 2021 | $427 | $19,850 | $7,475 | $12,375 |
| 2020 | $427 | $19,850 | $7,475 | $12,375 |
| 2019 | $312 | $19,850 | $7,475 | $12,375 |
| 2018 | $312 | $13,100 | $7,475 | $5,625 |
| 2017 | $312 | $13,100 | $7,475 | $5,625 |
| 2016 | $312 | $13,100 | $7,475 | $5,625 |
| 2015 | $259 | $13,100 | $7,475 | $5,625 |
| 2014 | $259 | $13,100 | $7,475 | $5,625 |
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 |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $539,000 | -- | $333 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | Patriot Title Company | |
| Warranty Deed | $55,000 | Patriot Title Company | |
| Deed | $72,500 | -- | |
| Deed | -- | -- | |
| Deed | $15,000 | -- | |
| Warranty Deed | $19,000 | -- | |
| Warranty Deed | $15,000 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $420,000 | Future Advance Clause Open End Mortgage |
Source: Southwest Virginia Association of REALTORS®
MLS Number: 103429
APN: 013G-A-016.00
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Ask me questions while you tour the home.