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    8703 Hwy 19e Roan Mountain, TN 37687

    Sponsored
    For Sale
    $1,700,000

    MULTI_FAMILY - Other - Roan Mountain, TN

    Property size:
    8,640 SF
    Lot size:
    3.47 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 10 at 12:06 pm

    Property Features for 8703 Hwy 19e

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MF
    Rooms
    Bedroom 9, Bathroom 7, Bedroom 13, Bedroom 27, Bedroom 21, Bathroom 3, Bedroom 6, Bedroom 26, Bedroom 10, Bedroom 19, Bathroom 2, Bedroom 1, Bedroom 25, Bathroom 5, Bedroom 18, Bathroom 8, Bedroom 28, Bathroom 12, Bedroom 11, Bedroom 16, Bedroom 20, Bathroom 6, Bedroom 3, Bathroom 1, Bedroom 8, Bedroom 22, Bedroom 2, Bathroom 9, Bathroom 11, Bedroom 14, Bedroom 15, Bedroom 17, Bedroom 24, Bedroom 23, Bedroom 7, Bedroom 12, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 10
    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
    Heat Pump (Heating), Electric (Heating), Central
    Cooling system
    Central Air, Heat Pump
    Water source
    Public

    Building Details

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

    Greater Kingsport Realty (423) 433-6500 [email protected]

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

    Listing date Dec 31, 2025

    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.

    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 with two-bedroom apartments, each featuring 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, also equipped with individual laundry facilities. Tenants pay utilities, and the average income is $1,285.00, totaling $4,980 per month. The total annual income for the property is $158,640. Annual expenses, including taxes ($6000), insurance ($6500), garbage ($2200), and CapEx upgrades ($5000), amount to $19,000, resulting in a net profit of $139,640. Factoring in property management fees of 8% ($12,000), the net operating income (NOI) is $128,000, equating to a 7.5% cap rate. The properties are located within one parcel in Carter County and are zoned MF. The 3.47-acre lot feeds into Cloudland Schools. The portfolio offers steady rents, a proven tenant base, and practical layouts that minimize turnover and maintenance costs. Systems and mechanicals have been proactively maintained. The location is minutes from grocery stores, schools, and employers. The properties are 19 minutes from Banner Elk, 33 minutes from Johnson City, and 46 minutes from Boone.
    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

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Apartment building - Turnkey rental portfolio with 12 units and 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 $1,700,000.
    What are key features of this property?
    This property features: - Turnkey rental portfolio with 12 units and 100% occupancy for immediate income.; - Strong net operating income (NOI) of $128,000, equating to a 7.5% cap rate.; - Located in an undersupplied rental market with strong year-round demand.
    (423) 433-6500
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    8703 Hwy 19e Roan Mountain, TN 37687
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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
    8703 Hwy 19e Roan Mountain, TN 37687
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