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    8703 Hwy 19e Roan Mountain, TN 37687

    Sponsored
    For Sale
    $1,590,000

    MULTI_FAMILY - Other - Roan Mountain, TN

    Property size:
    8,640 SF
    Lot size:
    3.47 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 27 at 7:06 am

    Property Features for 8703 Hwy 19e

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MF
    Rooms
    Bedroom 26, Bathroom 3, Bedroom 28, Bedroom 17, Bedroom 27, Bedroom 5, Bedroom 11, Bedroom 9, Bedroom 6, Bedroom 22, Bedroom 10, Bedroom 1, Bedroom 16, Bathroom 2, Bathroom 5, Bedroom 15, Bedroom 24, Bathroom 9, Bedroom 13, Bathroom 11, Bedroom 2, Bedroom 7, Bedroom 19, Bedroom 3, Bedroom 18, Bathroom 8, Bedroom 12, Bedroom 21, Bathroom 1, Bedroom 20, Bedroom 25, Bathroom 4, Bedroom 23, Bathroom 7, Bedroom 4, Bedroom 8, Bedroom 14, Bathroom 10, Bathroom 12, Bathroom 6
    Bedrooms
    28
    APN
    100 013.01
    Appliances
    Dishwasher, Electric Range, Microwave, Refrigerator
    Size
    8,640 SF
    Lot size
    3.47 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating), Central
    Cooling system
    Central Air, Heat Pump
    Water source
    Public

    Building Details

    Year built
    1996
    Number of units
    12
    Flooring type
    Carpet, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Mckinney
    Ryan Mckinney

    Greater Kingsport Realty (423) 433-6500

    Listing agent Ryan & Sarah McKinney (423) 773-1607 License #329643

    Listing date Feb 17, 2026

    MLS# 9989263 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.

    Learn more

    Property Insight Report

    Overview

    Roan Mountain Turnkey Rental Portfolio

    This turnkey rental portfolio in Roan Mountain features 5 buildings comprising 12 units, located across Hwy 19E and the Eddie Lane cluster. The properties are currently 100% occupied and generate consistent cash flow. The portfolio includes 107, 109, 111, and 117 Eddie Lane, which are all two-story buildings. Each unit has two bedrooms, laundry facilities, and approximately 800+ sq ft of living space. Tenants are responsible for utilities, and the average income per unit is $1,030.00, totaling $8,240 per month. The fifth building, located at 8703 Hwy 19E, is a single-story structure with 4 three-bedroom apartments, each equipped with laundry facilities. Tenants also pay utilities here, with an average income of $1,285.00 per unit, amounting to $4,980 per month. The total annual income for the property is $158,640. Expenses, including taxes ($6,000), insurance ($6,500), garbage ($2,200), and CapEx upgrades ($5,000), total $19,000, resulting in a net profit of $139,640. Factoring in property management fees of 8% ($12,000), the NOI is $128,000, equating to a 7.5% cap rate. The portfolio benefits from steady rents, a proven tenant base, and practical layouts that minimize turnover and maintenance costs. Systems and mechanicals have been proactively maintained. All units are located within one manageable radius, simplifying oversight and creating economies of scale for maintenance. The properties are located within one parcel in Carter County and feed into Cloudland Schools. The 3.47-acre lot is minutes from grocery stores, schools, and employers. The location is 19 minutes to Banner Elk, 33 minutes to Johnson City, and 46 minutes to Boone. The post office has approved addresses to add 113 Eddie Ln and 115 Eddie Ln buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Map

    City
    Roan Mountain
    County
    Carter
    State
    Tennessee
    Longitude
    -82.045009
    Latitude
    36.190785

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    FAQs

    What type of property is this?
    Apartment building - Turnkey rental portfolio featuring 12 units with consistent cash flow.
    Where is this apartment building located?
    The property is located at 8703 Hwy 19e Roan Mountain, TN.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: - Turnkey rental portfolio with 12 units, 100% occupancy, and consistent cash flow, generating a net operating income (NOI) of $128,000, equating to a 7.5% cap rate.; - Located in an undersupplied rental market (Roan Mountain) with strong year-round demand from local workforce and tourism, minimizing vacancy risk.; - All units have laundry facilities, and tenants pay utilities, reducing landlord responsibilities and maximizing income.
    (423) 433-6500
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    8703 Hwy 19e Roan Mountain, TN 37687
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    8703 Hwy 19e Roan Mountain, TN 37687
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    We can help!
    Listing Contact
    Ryan Mckinney
    Ryan Mckinney
    Real Estate License ID: 322580
    (423) 433-6500 (423) 773-1607 (423) 433-3500
    Learn more
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