$375,000

502 E Johnson St Newbern, TN 38059

Estimated payment $2,121/month

Total Views 4,364
-- Bed
-- Bath
4,704 Sq Ft
$80 Price per Sq Ft

About This Home

Investors don't miss this opportunity! 6 rentals with an additional 3 doors on 404 E Johnson. Sales price of both properties is $600,000.
If you are looking to increase your rental inventory, this is an opportunity! These units are one level with 2 bedrooms and 1 bath. Property is being sold as is.

Listing Agent

Charlotte Vaughn

Cornerstone Realty and Property Management License #284473 Listed on: 08/12/2025

Co-Listing Agent

Brian Kozlowski

Cornerstone Realty and Property Management License #358361

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,871

Year Built

  • Built in 1986

Parking

  • 12 Parking Spaces

Interior Spaces

  • 4,704 Sq Ft Home
  • 1-Story Property
  • Range

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 047J A 006.00

Community Details

Overview

  • 3 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,871

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Year Built: 1986
  • Property Sub-Type: Multi Family
  • PropertyType: Residential Income
  • Co List Office Mls Id: 400458
  • Co List Office Phone: 731-423-0872
  • Co List Office Phone: 731-423-0872
  • MLS Status: Active
  • Subdivision Name: None
  • Unit Levels: One
  • Location Tax and Legal:Tax Annual Amount: 1870.64
  • Location Tax and Legal Parcel Number2: 047J A 006.00
  • General Property Information Accessibility Features YN2: No
  • General Property Information Lot Size Dimensions: 98.5 X 395 IRR
  • General Property Information:Stories Total: 1
  • Currently Not Used Cooling YN: Yes
  • Appliances Refrigerators: Yes
  • Levels:One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Cooling:Multi Units: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Information Number Of Units Total2: 6.0
  • General Property Information Number Of Buildings2: 1.0
  • Unit Details Number Of Units Leased: 6
  • Meter Information Number Of Separate Electric Meters: 6
  • Meter Information Number Of Separate Water Meters: 6
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Range, Refrigerator
  • Appliances Range: Yes

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 12.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 12.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units, Window Unit(s)
  • Cooling Y N: Yes
  • Water Source: Public

Lot Info

  • Parcel Number: 047J A 006.00
  • Lot Dimensions: 98.5 X 395 IRR

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Leased: 6
  • Tenant Pays: All Utilities
  • Total Actual Rent: 3700.0

Tax Info

  • Tax Annual Amount: 1870.64

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2025 08/12/25 For Sale $375,000 +114.3% $80 / Sq Ft
08/28/2023 08/28/23 Sold $175,000 0.0% $37 / Sq Ft View Prior Sale
08/12/2023 08/12/23 For Sale $175,000 +133.3% $37 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
09/30/2014 09/30/14 Sold $75,000 0.0% $16 / Sq Ft View Prior Sale
08/11/2014 08/11/14 Pending -- -- --
08/11/2014 08/11/14 For Sale $75,000 -- $16 / Sq Ft
Source: Central West Tennessee Association of REALTORS®

Source: Central West Tennessee Association of REALTORS®

MLS Number: 2503806

Central West Tennessee Association of REALTORS®

APN: 023047J A 00600

Tennessee Dyer County Newbern 38059

502 E Johnson St, Newbern, TN

For Sale

MultiFamily

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Central West Tennessee Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Charlotte Vaughn
Listing Agent
Charlotte Vaughn
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Cornerstone Realty and Property Management
(731) 330-2175