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    Johnson City Triple-Income Investment Property Title is generated by Realmo AI

    1004 N Barton Street, Johnson City, TN 37604

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    Claim this Listing
    Pending
    $489,000

    MULTI_FAMILY - Ranch - Johnson City, TN

    Type:Single Family Residence
    Property size:
    3,071 SF
    Lot size:
    0.77 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 8 at 3:06 am

    Property Features for 1004 N Barton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    R 3
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bedroom 5, Bedroom 2, Basement, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3
    Parking features
    Driveway
    Window features
    Single Pane Window(s)
    Interior features
    Laminate Counters, Remodeled
    Fireplace
    1
    Basement
    Finished, Block
    Appliances
    Dishwasher, Electric Range, Microwave, Range, Refrigerator
    Standard status
    Pending
    APN
    045m C 027.00
    Size
    3,071 SF
    Lot size
    0.77 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1192

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central, Heat Pump (Heating)
    Cooling system
    Heat Pump, Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    10
    Flooring type
    Carpet, Hardwood
    Building materials
    Brick, Wood Siding
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Gazebo

    We can help!

    Listing Contact
    Ryan & Sarah McKinney
    Ryan & Sarah McKinney

    Listing agent Ryan & Sarah McKinney License #329643

    Listing office KW Johnson City 3009 Greenline Road, Johnson City, TN

    Listing date Apr 23, 2026

    MLS# 9994320 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Triple‑income potential with main house and detached Airbnb offering three distinct rental streams.
    • Main house features a fully finished basement with private access, pre‑plumbed kitchen, and two bedrooms, functioning as a separate suite.
    • Turn‑key, income‑producing detached Airbnb unit (approx. 575 sq ft with 2 bedrooms & 1 bath) already in operation.
    • Flexible configuration options: rent all units, live in one and rent the others, or create a hybrid short‑term/long‑term rental portfolio.
    • Generous 0.77‑acre lot in the established Westwood subdivision with a gazebo, multiple outbuildings, and space for multiple occupants.
    • Prime location minutes from ETSU, Johnson City Medical Center, grocery stores, pharmacies, shopping, and dining.

    Overview

    Located in Johnson City, Tennessee, this property presents a rare investment opportunity with three distinct rental income streams across two structures on a 0.77-acre lot within the established Westwood subdivision. The main residence features an updated, open floor plan with a modern kitchen including a large island and stainless steel appliances, flowing into the living and dining areas. It includes two bedrooms and a full bath on the main level. The fully finished basement, with private access, expands the income potential with two additional bedrooms, a full bath, and a pre-plumbed kitchen area, functioning as a secondary suite suitable for long-term or short-term rental. The property also includes a detached, income-producing Airbnb unit with approximately 575 square feet of living space, featuring 2 bedrooms and 1 bath. The ADU's unfinished basement provides flexibility for continued short-term use, additional storage, or creative workspace options. The property is zoned R-3 and is located close to ETSU (6min), Johnson City Medical Center (5min), grocery stores, pharmacies, shopping, and dining. Outdoor features include a gazebo. Multiple outbuildings add valuable utility and flexibility, supporting storage, workspace, or potential income-producing uses. The roof is approximately 5 years old. The property offers functional layout separation between living spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.397043
    Latitude
    36.315406

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    FAQs

    What type of property is this?
    Single family property - Versatile property with three income streams in Johnson City, Tennessee.
    Where is this single family property located?
    The property is located at 1004 N Barton Street Johnson City, TN.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Triple‑income potential with main house and detached Airbnb offering three distinct rental streams.; Main house features a fully finished basement with private access, pre‑plumbed kitchen, and two bedrooms, functioning as a separate suite.; Turn‑key, income‑producing detached Airbnb unit (approx. 575 sq ft with 2 bedrooms & 1 bath) already in operation.
    (423) 773-1607
    We can help!
    Listing Contact
    Ryan & Sarah McKinney
    Ryan & Sarah McKinney
    Real Estate License ID: 329643
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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