Income-Producing Residential Investment
166-178 Gray Station Road Johnson City, TN 37615
For Sale
$599,000
MULTI_FAMILY - Other - Johnson City, TN
Lot Size3.70 Acres
Days on Market452
Property Features for 166-178 Gray Station Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Standard status
- Active
- APN
- 005j F 003.00
- Lot size
- 3.70 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1794
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1935
- Floors in Building
- 1
- Number of units
- 7
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency:
Hurd Realty, LLC
(423) 491-8335
Listed By:
Brian Parlier · License #359767
(404) 931-4874
Added: Apr 30, 2025
Changed: May 22
Last Checked: Jul 25 at 7:06PM
MLS# 9979565
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 investment property comprises two parcels totaling approximately 3.7 acres and features seven rental income-producing single-family homes, all connected to sewer lines. Additionally, there are two garages on the property. Located off Gray Station Road, the property is situated minutes from Franklin Woods Medical Center, Boone Lake, local restaurants, and shopping. All properties are currently rented on a month-to-month basis and generate an annual gross income of approximately $73,000. The property taxes for 2024 were $3,354.17, and the monthly water expense is approximately $450. The property is being sold AS IS.
Key Highlights
- Income‑producing property featuring 7 single‑family homes.
- Situated on approximately 3.7 acres across 2 separate parcels.
- Gross annual income of approximately $73,000.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Seven single-family homes on 3.7 acres near Gray Station Road.
Where is this single family property located?
The property is located at 166-178 Gray Station Road Johnson City, TN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Income‑producing property featuring 7 single‑family homes.; Situated on approximately 3.7 acres across 2 separate parcels.; Gross annual income of approximately $73,000.
