$375,000

502 E Johnson St Newbern, TN 38059

Estimated payment $2,121/month

Total Views 4,256
-- 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.

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