Newly Renovated Multifamily and
1412 Knob Creek Road Johnson City, TN 37604
For Sale
$1,600,000
Pending
MULTI_FAMILY - Johnson City, TN
Property Size10,991 SF
Lot Size1.30 Acres
Days on Market186
Property Features for 1412 Knob Creek Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- B1
- Bedrooms
- 16
- Bathrooms
- 11
- Rooms
- Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 15, Bathroom 10, Bedroom 10, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 11, Bedroom 12, Bedroom 4, Bedroom 13, Dining Room, Bedroom 5, Bedroom 8, Bathroom 7, Bedroom 9, Bathroom 6, Bathroom 9, Bedroom 14, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 8, Bedroom 16, Bathroom 4, Bathroom 11
- Window features
- Double Pane Windows
- Interior features
- Kitchen/Dining Combo, Restored
- Standard status
- Pending
- APN
- 046i E 013.00
- Size
- 10,991 SF
- Lot size
- 1.30 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1016
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 9
- Flooring type
- Laminate, Carpet
- Building materials
- Brick, Vinyl Siding
Listing Agency:
REMAX Checkmate, Inc. Realtors
(423) 282-0432
Listed By:
Jay Goodson · License #329807
(423) 612-3035
Added: Jan 20
Changed: Jul 25
Last Checked: Jul 25 at 4:06PM
MLS# 9990357
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.
Investment Insights
Based on property information with market context.
This for-sale portfolio features eight multifamily units configured as two-bedroom, one-bath apartments, each with washer/dryer hookups. The units are described as newly renovated, including exterior work such as siding, roof, plumbing, damaged wall repairs, new kitchens, and new decking. The sale also includes an adjacent commercial building with a new roof and renovated exterior.
The property is located at 1412 Knob Creek Road in Johnson City, TN 37604, in Washington County. The listing notes zoning of B1. The combined site is approximately 1.3 acres, with details indicating a large back yard area.
Renovations are reported as extensive and the apartments are in the process of being re-filled, with the listing stating that leasing may be partially complete and that buyers should request the latest rent roll through the listing agent. The seller has provided proforma figures and additional documentation upon request for qualified buyers, and all information is to be verified by the buyer and buyer’s agent.
The property is located at 1412 Knob Creek Road in Johnson City, TN 37604, in Washington County. The listing notes zoning of B1. The combined site is approximately 1.3 acres, with details indicating a large back yard area.
Renovations are reported as extensive and the apartments are in the process of being re-filled, with the listing stating that leasing may be partially complete and that buyers should request the latest rent roll through the listing agent. The seller has provided proforma figures and additional documentation upon request for qualified buyers, and all information is to be verified by the buyer and buyer’s agent.
Key Highlights
- High potential income with Proforma NOI of $164,936 from commercial space rental.
- Multifamily and Commercial property featuring 8 renovated apartment units and a 4748 sq ft commercial building.
- Newly renovated apartments boast new kitchens, decking, siding, roofs, plumbing, and restored interiors.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.3k | $11.04 |
| − Vacancy | −$8.4k | −$0.76 |
| EGI | $113.0k | $10.28 |
| − OpEx | −$50.8k | −$4.63 |
| NOI | $62.1k | $5.65 |
10,991 SF · lease $11.04/SF/yr · vacancy 6.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$887.6K
$776.7K – $1.04M
NOI $62,132 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.41M
NOI $324,454 @ 7.0% cap · market cap 20.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Norris Bicycles
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Apartment building - Portfolio includes eight renovated two-bedroom units with washer/dryer hookups and an adjacent commercial building.
Where is this apartment building located?
The property is located at 1412 Knob Creek Road Johnson City, TN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High potential income with Proforma NOI of $164,936 from commercial space rental.; Multifamily and Commercial property featuring 8 renovated apartment units and a 4748 sq ft commercial building.; Newly renovated apartments boast new kitchens, decking, siding, roofs, plumbing, and restored interiors.
