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    502 E Johnson St Newbern, TN 38059

    Picture of Triplexes at E Johnson St 502, Newbern, TN
    For Sale
    $375,000

    MULTI_FAMILY - Newbern, TN

    Property size:
    4,704 SF
    Days on Market:
    117
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 502 E Johnson St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    047J A 006.00
    Parking
    12
    Appliances
    Range, Refrigerator
    Size
    4,704 SF

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s), Multi Units
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    1
    Number of units
    3

    Cornerstone Realty and Property Management (731) 423-0872

    Listing agent Charlotte P Vaughn (731) 467-1133 License #284473

    Listing date Aug 12, 2025

    MLS# 2503806 Listing URL

    Copyright © 2025 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newbern Multifamily Investment Opportunity

    This multifamily property in Newbern, Tennessee, presents an investment opportunity with six rental units. The units are one-level and feature 2 bedrooms and 1 bath. The property is being sold as is. In addition to these six rentals, there are an additional 3 doors located at 404 E Johnson. The property encompasses 4,704 square feet.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newbern
    County
    Dyer
    State
    Tennessee
    Longitude
    -89.257238
    Latitude
    36.115263

    Nearby Similar for Sale

    • $225,000
      2,856 SF

      Newbern Triplex Investment Opportunity

      Three-unit apartment building in Newbern, Tennessee, ideal for investors.
      404 E Johnson St, Newbern, TN 38059
      View Details

    FAQs

    What type of property is this?
    Triplex - Multifamily property featuring six rental units in Newbern, Tennessee.
    Where is this triplex located?
    The property is located at 502 E Johnson St Newbern, TN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Opportunity to acquire **6 rental units plus an additional 3 doors.**; - Ideal for investors looking to increase rental inventory.; - All units are one level, each with 2 bedrooms and 1 bath.
    (731) 467-1133
    Request Owner's contact information
    502 E Johnson St Newbern, TN 38059
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    Newbern, TN 38059
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    502 E Johnson St Newbern, TN 38059
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