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Four-Unit Brick Quadplex
For Sale
$600,000

1012 Grindstaff Avenue Unit 51, Elizabethton, TN 37643

All-brick residential income property with individually metered utilities and paved tenant parking.

Property Size3,068 SF
Lot Size0.34 Acres
Price / SF$195.57
Days on Market242

Property Features for 1012 Grindstaff Avenue Unit 51

General Information

Standard status Active
Size 3,068 SF
Lot size 0.34 Acres
Property subtype Multi Family / Multi Family
Zoning Residential

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $1,788

Amenities

One
Heat Pump, Window Unit(s), Yes
Yes
Dirt Floor
Electric Dryer Hookup, Washer Hookup
.00
Shingle
Asphalt
Heat Pump, Space Heater
Brick
Deck

Building Details

Year Built 2006
Buildings 1
Construction brick
Listing Agency: Exit Realty Tri-Cities
Listed By: Kanghoon Choi · License #378568
Source: Compass
Added: Dec 31, 2025 Changed: Aug 29 Last Checked: Aug 29 at 6:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Tri-Cities

Investment Insights

Based on property information with market context.

This 3,068-square-foot quadplex contains four two-bedroom, one-bathroom apartments in an all-brick building constructed in 2006. Each residence includes a refrigerator and stove, while separate electric and water meters serve the individual units. The property is being offered in its current condition and includes a paved parking area for residents and guests.

Set on a level 0.34-acre lot at 1012 Grindstaff Avenue in Elizabethton, the property is in the Valley Forge area just outside the city limits and within a short drive of downtown. Residential zoning applies. Additional site features include asphalt surfacing and a deck.

Key Highlights

  • Four units, each with 2 bedrooms and 1 bathroom
  • 3,068‑square‑foot building constructed in 2006
  • All‑brick exterior on a level 0.34‑acre lot

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Dental Office Spa & Massage Center Grocery & Convenience Store

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

57
Businesses Nearby

Demographics for 37643, TN

33,752
Population
16,344
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
89%
High-School Grad
131.1 sq mi
ZIP Area
257
Density / Sq Mi
$50,455
Median Household Income
$35,680
Median Earnings
$733
Median Rent
$156,200
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 - All-brick residential income property with individually metered utilities and paved tenant parking.
Where is this quadplex located?
The property is located at 1012 Grindstaff Avenue Unit 51 Elizabethton, TN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,068‑square‑foot building constructed in 2006; All‑brick exterior on a level 0.34‑acre lot
More about this property
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