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Four-Unit Stacked-Flat Quadplex
For Sale
$450,000

150 Joe Hale Drive, Johnson City, TN 37615

Multi Family, Johnson City, TN

Property SizeContact for details
Days on Market139

Property Features for 150 Joe Hale Drive

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning R-1
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 7
Parking features Driveway
Subdivision Daniel Boone Sec 2
Elementary school Boones Creek
Middle school Boones Creek
High school Daniel Boone
Directions Take Hwy 36., turn right onto Pickens Bridge Road, travel 4/10 mile and turn left onto Boone Avenue, take your first road to the right-Joe Hale Drive, property will be on your right when the road forks. NO FOR SALE SIGN.
Standard status Active
APN 021f A 01300 000

Taxes and HOA fees

Tax Annual Amount 2025

Utilities

Sewer type Septic Tank
Heating system Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1961
Floors in Building 2
Number of units 4
Flooring type Vinyl, Carpet
Building materials Brick, Frame
Roof type Metal
Architectural style Split Level
Listing Agency: Lefemine Commercial Properties, LLC
Listed By: David Lefemine · License #214589
Added: Apr 27 Changed: Sep 8 Last Checked: Sep 12 at 4:06PM
MLS# 9994588

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 four-unit residential income property is arranged as a two-story stacked-flat building, with two apartments on each level. The floor plan includes 8 bedrooms and 4 bathrooms. Construction combines brick and frame materials, with carpet and vinyl flooring, electric heat, central air, and a metal roof. The property was built in 1961 and includes driveway parking.

Located at 150 Joe Hale Drive in Johnson City, the property has R-1 zoning, public water, and a septic tank. The building is fully occupied. Lawn care, electric service, and water are landlord expenses, while tenants are responsible for electric, telephone, and CATV charges. Unit showings are restricted until the property is under contract, subject to previewing.

Key Highlights

  • Four‑unit quadplex with 2 units on the ground floor and 2 units on the second floor
  • 8 bedrooms and 4 bathrooms
  • Fully occupied residential income property

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Law Firm Big Box & Wholesale Store Building Supply Restaurant

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

92
Businesses Nearby

Demographics for 37615, TN

22,151
Population
9,946
Households
2.2
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
37.6 sq mi
ZIP Area
589
Density / Sq Mi
$75,556
Median Household Income
$43,758
Median Earnings
$966
Median Rent
$261,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Fully occupied quadplex with two-story stacked flats and landlord-paid lawn maintenance, electric, and water.
Where is this quadplex located?
The property is located at 150 Joe Hale Drive Johnson City, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2 units on the ground floor and 2 units on the second floor; 8 bedrooms and 4 bathrooms; Fully occupied residential income property
More about this property
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