Updated Duplex With
2426 Old Lewis Road Johnson City, TN 37601
2426 Old Lewis Road, Johnson City, TN, 37601
$325,000
Pending
For Sale
$325,000
Pending
MULTI_FAMILY - Ranch - Johnson City, TN
Property Size1,524 SF
Lot Size0.40 Acres
Days on Market37
Property Features for 2426 Old Lewis Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- RS
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Dining Room, Bathroom 1, Bedroom 3, Bedroom 1
- Parking features
- Driveway
- Window features
- Insulated Windows
- Patio and Porch features
- Porch, Deck
- Interior features
- Eat-in Kitchen, Kitchen Island, Kitchen/Dining Combo, Laminate Counters, Remodeled
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Standard status
- Pending
- APN
- 063b C 00200 000
- Size
- 1,524 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Annual Amount
- 864
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Heat Pump, Central Air
Building Details
- Year built
- 1921
- Floors in Building
- 1
- Number of units
- 9
- Flooring type
- Carpet, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Composition, Shingle
- Architectural style
- Ranch
Listing agency
A Team Real Estate Professionals
(423) 726-2260
Listed by
David Reed · License #296229
(865) 223-2295
Added: Jun 16 Updated: Jul 1 at 8:12PM Checked: Jul 22 at 9:06PM
MLS# 9996912
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 updated duplex on Old Lewis Road includes two separate units, each with an open living and kitchen layout and its own outdoor sitting area. Unit 1 offers two bedrooms and one full bath and features new appliances and flooring, along with a new deck. Unit 2 provides one bedroom and one full bath with the same open concept living and kitchen area, plus outdoor space. The property is complemented by a nice level yard and a gravel circle driveway that offers parking for residents and guests. The home sits on a 0.4-acre lot and is zoned RS.
Located in Johnson City, the duplex is described as convenient to Milligan College, ETSU, I-26, and Elizabethton and Erwin, providing practical access for tenants. The seller notes that the units have been well kept and that many updates have been completed in both units.
For buyers seeking a residential income property, this configuration supports flexible tenanting across a two-bedroom and a one-bedroom layout, while outdoor decks and seating areas add functional living space. The listing also states the property generates a net income of $27,100 annually after expenses for taxes, insurance, and lawn care, with all figures to be verified by the buyer or buyer’s agent.
Located in Johnson City, the duplex is described as convenient to Milligan College, ETSU, I-26, and Elizabethton and Erwin, providing practical access for tenants. The seller notes that the units have been well kept and that many updates have been completed in both units.
For buyers seeking a residential income property, this configuration supports flexible tenanting across a two-bedroom and a one-bedroom layout, while outdoor decks and seating areas add functional living space. The listing also states the property generates a net income of $27,100 annually after expenses for taxes, insurance, and lawn care, with all figures to be verified by the buyer or buyer’s agent.
Key Highlights
- Duplex in Johnson City with updated interiors in both units, including remodeled finishes and laminate counters
- Unit 1: 2 bedrooms, 1 full bath with open living and kitchen area, new appliances and flooring, plus a new deck
- Unit 2: 1 bedroom, 1 full bath with open‑concept living and kitchen
Local Financial Insights For Multifamily LT 5
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 | $14.8k | $9.72 |
| − Vacancy | −$970 | −$0.64 |
| EGI | $13.8k | $9.08 |
| − OpEx | −$4.2k | −$2.73 |
| NOI | $9.7k | $6.36 |
1,524 SF · lease $9.72/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$138.4K
$121.1K – $161.5K
NOI $9,690 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$123.1K
$107.7K – $143.6K
NOI $8,615 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$642.7K
$562.4K – $749.8K
NOI $44,988 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex in Johnson City with updated interiors, outdoor decks, and a level yard supported by a gravel parking drive.
Where is this duplex located?
The property is located at 2426 Old Lewis Road Johnson City, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex in Johnson City with updated interiors in both units, including remodeled finishes and laminate counters; Unit 1: 2 bedrooms, 1 full bath with open living and kitchen area, new appliances and flooring, plus a new deck; Unit 2: 1 bedroom, 1 full bath with open‑concept living and kitchen
