Johnson City Multifamily Investment
1419 Colony Park Drive Johnson City, TN 37604
For Sale
$1,219,000
MULTI_FAMILY - Other - Johnson City, TN
Property Size3,144 SF
Price / SF$387.72
Days on Market94
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 1, Bathroom 4, Bedroom 2, Bedroom 8, Bathroom 8, Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 5, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 6, Bathroom 7, Bathroom 2
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
Listing Agency:
Greater Impact Realty Jonesborough
(423) 973-8634
Listed By:
Toni Drumwright · License #357300
(423) 430-0841
Added: Apr 27
Changed: Jul 25
Last Checked: Jul 29 at 10:06AM
MLS# 9994608
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 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.
Key Highlights
- 8‑unit multifamily complex with eight 2‑bedroom, 1.5‑bath townhome‑style units
- Unit occupancy: 7 units occupied; 1 unit intentionally left vacant for showings
- Many units updated with new flooring, PEX plumbing, and updated appliances
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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: 8‑unit multifamily complex with eight 2‑bedroom, 1.5‑bath townhome‑style units; Unit occupancy: 7 units occupied; 1 unit intentionally left vacant for showings; Many units updated with new flooring, PEX plumbing, and updated appliances
