Three Unit Investment
3536/3538 W Walnut Street Johnson City, TN 37604
3536/3538 W Walnut Street, Johnson City, TN, 37604
$449,000
For Sale
$449,000
MULTI_FAMILY - Other - Johnson City, TN
Property Size1,764 SF
Lot Size1.11 Acres
Price / SF$254.54
Days on Market305
Property Features for 3536/3538 W Walnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- residential
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Dining Room, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 3
- Parking features
- Driveway
- Patio and Porch features
- Porch, Patio
- Interior features
- Kitchen/Dining Combo, Laminate Counters, Open Floorplan, Remodeled
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 053j A 015.00
- Size
- 1,764 SF
- Lot size
- 1.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 892
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Concrete, Laminate, Tile
- Building materials
- Brick, Metal Siding, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
Property Executives Johnson City
(423) 952-0226
2694 Boones Creek Road Suite #4, TN
Listed by
Meghan Masters · License #350908
(423) 202-5208
Added: Sep 16, 2025 Checked: Jul 17 at 8:06 pm
MLS# 9985865
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.
Investment Insights
Based on property information with market context.
This property features three rental units, offering income potential. The duplex has a brick and metal exterior and includes a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit, both with updated interiors. The kitchens feature oak cabinetry and upgraded appliances. The flooring is stained concrete with tile in the bathrooms. Natural gas water heaters and gas logs are present in the duplex units, and all bedrooms have ceiling fans. A separate 3-bedroom, 2-bath double wide provides additional rental versatility with living space. The property, totaling 1764 square feet on a 1.11-acre lot, includes a mix of unit sizes. Unit #1, a 2-bedroom, 1-bath unit, rents for $1350.00 per month, including power, gas, and water. Unit #2, a 1-bedroom, 1-bath unit, rents for $1050.00 per month, also including power, gas, and water. The 3-bedroom, 2-bath unit rents for $1515.00 per month, including power, gas, and water. All three units are on one parcel. The duplex and double wide have separate water meters. Located in Johnson City, TN, the property is zoned residential and offers potential for investors. The property is located at 3536/3538 W Walnut Street and is located in Washington County.
Key Highlights
- Strong cash flow property with three rental units
- No city taxes
- Mix of unit sizes appeals to a wide range of tenants
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Three residential units with strong income potential in Johnson City.
Where is this multifamily property located?
The property is located at 3536/3538 W Walnut Street Johnson City, TN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Strong cash flow property with three rental units; No city taxes; Mix of unit sizes appeals to a wide range of tenants
