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8-Unit Townhome-Style Apartment Building
For Sale
$1,115,000

1419 Colony Park Drive, Johnson City, TN 37604

Multi Family, Johnson City, TN

Property Size3,144 SF
Price / SF$354.64
Days on Market128

Property Features for 1419 Colony Park Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R 4
Bedrooms 8
Bathrooms 8
Full bathrooms 4
Half bathrooms 4
Rooms Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 7, Bathroom 6, Bedroom 3, Bathroom 7, Bedroom 4, Bathroom 8, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 5
Exterior features Balcony
Appliances Dishwasher, Range, Refrigerator
Subdivision Not In Subdivision
Elementary school Cherokee
Middle school Liberty Bell
High school Science Hill
Directions From parkway, turn on Greenwood Dr, turn left on Colony, complex is towards the back on the left
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
Listed By: Toni Drumwright · License #357300
Added: Apr 27 Changed: Aug 25 Last Checked: Sep 1 at 5:06PM
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 8-unit apartment property at 1419 Colony Park Drive includes townhome-style residences, each with 2 bedrooms and 1.5 bathrooms. The layout places a half bath on the main level and a full bath upstairs. The 3,144-square-foot building was constructed in 1978 and includes balconies, vinyl flooring, heat-pump heating and cooling, dishwashers, ranges, and refrigerators. Many units have received flooring, PEX plumbing, and appliance updates.

Seven units are occupied, while one is vacant for showings. Public water and public sewer serve the property, which has wood siding and a composition roof. The R 4 zoning designation and multifamily configuration support its apartment-building profile. The property is in Johnson City near East Tennessee State University, Johnson City Medical Center, and the VA Hospital, with grocery stores, daily services, and downtown dining and entertainment also nearby.

Key Highlights

  • 8‑unit apartment property with 2‑bedroom, 1.5‑bath townhome‑style units
  • 7 units occupied; 1 unit vacant for showings
  • 3,144 square feet; built in 1978

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Electrical Service Kitchen & Bath Showroom Big Box & Wholesale Store Auto Parts 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

8
Residential units

Location Intelligence

Trade Area within ½ mile

65
Businesses Nearby

Demographics for 37604, TN

37,025
Population
19,334
Households
1.9
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
33.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$49,351
Median Household Income
$31,863
Median Earnings
$950
Median Rent
$231,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with updated interiors, public utilities, and convenient access to Johnson City employers and daily services.
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 $1,115,000.
What are key features of this property?
This property features: 8‑unit apartment property with 2‑bedroom, 1.5‑bath townhome‑style units; 7 units occupied; 1 unit vacant for showings; 3,144 square feet; built in 1978
More about this property
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