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Johnson City Multifamily Investment Opportunity

1419 Colony Park Drive, Johnson City, TN 37604

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For Sale

$1,219,000

MULTI_FAMILY - Other - Johnson City, TN

Property size:

3,144 SF

Price / SF:

$387/SF

HighLights

Prime location near ETSU, Johnson City Medical Center, and the VA Hospital.
Well‑maintained 8‑unit townhome‑style complex offering immediate income potential.
Many units updated with new flooring, PEX plumbing, and updated appliances.
Desirable 2‑bedroom, 1.5‑bath townhome layout with a convenient half bath on the main level.
Seven units currently occupied, with one vacant for easy showings.
Strong investment opportunity with a balanced combination of stability, location, and long‑term potential.

We can help!

Listing Contact

Toni Drumwright

For Sale

$1,219,000

MULTI_FAMILY - Other - Johnson City, TN

Property size:

3,144 SF

Price / SF:

$387/SF

Added:: Apr 27, 2026
Days on Market:: 49
Last Refresh:: Jun 14 at 3:06 am

Property Features for 1419 Colony Park Drive

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R 4
Bedrooms: 8
Bathrooms: 8
Rooms: Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 7, Bedroom 7, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 8, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 6, Bathroom 1, Bedroom 3
Exterior features: Balcony
Appliances: Dishwasher, Range, Refrigerator
Standard status: Active
APN: 062a A 015.03
Size: 3,144 SF

Taxes and HOA fees

Tax Annual Amount: 3513

Utilities

Sewer type: Public Sewer
Heating system: Heat Pump (Heating)
Cooling system: Heat Pump
Water source: Public

Building Details

Year built: 1978
Floors in Building: 2
Number of units: 8
Flooring type: Vinyl
Building materials: Wood Siding
Roof type: Composition
Architectural style: Other

We can help!

Listing Contact

Toni Drumwright

Listing agent Toni Drumwright License #357300

Listing office Greater Impact Realty Jonesborough 372 E Jackson Blvd, Jonesoborough, TN

Listing date Apr 27, 2026

MLS# 9994608 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.

HighLights

Prime location near ETSU, Johnson City Medical Center, and the VA Hospital.
Well‑maintained 8‑unit townhome‑style complex offering immediate income potential.
Many units updated with new flooring, PEX plumbing, and updated appliances.
Desirable 2‑bedroom, 1.5‑bath townhome layout with a convenient half bath on the main level.
Seven units currently occupied, with one vacant for easy showings.
Strong investment opportunity with a balanced combination of stability, location, and long‑term potential.

Overview

This well-maintained 8-unit townhome-style complex presents an investment opportunity in a prime Johnson City location. The property features eight 2-bedroom, 1.5-bath units, with a convenient half bath on the main level and a full bath upstairs. Seven units are currently occupied, with one unit intentionally vacant for showings to provide easy access for prospective buyers without disrupting tenant stability. Many units have been updated with new flooring, PEX plumbing, and updated appliances. The property has been consistently cared for and presents a solid opportunity for investors seeking a stable, income-producing asset. Ideally located just minutes from East Tennessee State University (ETSU), Johnson City Medical Center, and the VA Hospital, this property benefits from steady rental demand. Tenants also enjoy convenient access to grocery stores, everyday essentials, and downtown Johnson City dining and entertainment. The property's desirable layout includes a half bath on the main level. With consistent occupancy and investment upside, this property offers a balanced combination of stability, location, and long-term potential for those expanding their portfolio or entering the multifamily space. The property size is 3144 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Johnson City
County: Washington
State: Tennessee
Longitude: -82.384242
Latitude: 36.290858

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For sale
Apartment buildings
TN
Johnson City
37604
1419 Colony Park Drive

What type of property is this?

Apartment building - Well-maintained 8-unit complex near ETSU, medical facilities, and downtown.

Where is this apartment building located?

The property is located at 1419 Colony Park Drive Johnson City, TN.

What is the asking price?

The asking price for this property is $1,219,000.

What are key features of this property?

This property features: Prime location near ETSU, Johnson City Medical Center, and the VA Hospital.; Well‑maintained 8‑unit townhome‑style complex offering immediate income potential.; Many units updated with new flooring, PEX plumbing, and updated appliances.

1419 Colony Park Drive, Johnson City, TN 37604

MULTI_FAMILY - Other - Johnson City, TN

Property Features for 1419 Colony Park Drive

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant and Event Venue with Creek

Revitalized West Walnut Commercial Space

Johnson City Commercial Opportunity

Renovated Office Building, Johnson City

Commercial Warehouse with Offices

Versatile Commercial Warehouse in Johnson City

Remodeled Commercial Space in Johnson

Multifamily and Commercial Investment Opportunity

Downtown Johnson City Mixed-Use Building

Versatile Mixed-Use Property, Johnson City

Southside Plaza Shopping Center

Versatile Residential/Commercial Property in Johnson

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