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Well-Maintained Quadplex
For Sale
$285,000
Pending

503 Leonard Street, Greeneville, TN 37745

Multi Family, Greeneville, TN

Property Size2,016 SF
Lot Size0.49 Acres
Days on Market34

Property Features for 503 Leonard Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 4
Parking features Driveway, Paved or Surfaced
Window features Single Pane Window(s), Double Pane Windows
Patio and Porch features Porch
Basement Crawl Space
Elementary school Highland
Middle school Greeneville
High school Greeneville
Directions From Andrew Johnson Hwy (US-11E), turn onto N Main St (US-321), then left on Leonard St. Continue to 503 Leonard St, Greeneville, TN 37745.
Standard status Pending
APN 098d A 004.00
Size 2,016 SF
Lot size 0.49 Acres

Taxes and HOA fees

Tax Annual Amount 569

Utilities

Sewer type Public Sewer
Heating system Baseboard
Cooling system Wall Unit(s), Window Unit(s)
Water source Public

Amenities

in-wall A/C
baseboard heat
individual water heater
washer hookups

Building Details

Year built 1980
Floors in Building 1
Number of units 4
Flooring type Carpet, Laminate, Vinyl, Hardwood
Building materials Wood Siding
Roof type Shingle, Composition
Listing Agency: Arbella Properties JC/FB
Listed By: Tim Hensley · License #370561
Added: Aug 6 Changed: Sep 8 Last Checked: Sep 8 at 10:06PM
MLS# 9999174

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 2,016-square-foot quadplex contains four one-bedroom, one-bath units of approximately 500+/- SF each. The units are fully occupied and leased month to month. Individual water heaters, in-wall or window A/C, baseboard heat, and a mix of carpet, hardwood, vinyl, and laminate flooring support straightforward unit operations. Two apartments also have washer hookups.

The property sits on 0.49 acres at 503 Leonard Street in Greeneville, Tennessee, with R3 zoning, paved or surfaced parking, a driveway, and a porch. Public water and public sewer serve the building. Recent improvements include a new architectural roof and complete exterior repaint, both completed last year. Tenants pay their own electric service, while the owner handles water and sewer, lawn care, and city-provided trash service.

Key Highlights

  • Four 1‑bedroom, 1‑bath units totaling 2,016 square feet
  • Each unit is approximately 500+/- SF and fully occupied
  • Month‑to‑month leases across all four units

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby

Demographics for 37745, TN

19,714
Population
9,423
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
91%
High-School Grad
121.9 sq mi
ZIP Area
162
Density / Sq Mi
$54,946
Median Household Income
$35,609
Median Earnings
$677
Median Rent
$194,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four occupied one-bedroom units with individual utilities and public water and sewer service.
Where is this quadplex located?
The property is located at 503 Leonard Street Greeneville, TN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units totaling 2,016 square feet; Each unit is approximately 500+/- SF and fully occupied; Month‑to‑month leases across all four units
More about this property
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