Multifamily Property with Rental
For Sale
$599,000
Pending
166-178 Gray Station Road, Johnson City, TN 37615
MULTI_FAMILY - Other - Johnson City, TN
Property SizeContact for details
Lot Size3.70 Acres
Days on Market470
Property Features for 166-178 Gray Station Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Subdivision
Not In Subdivision
Elementary school
Gray
Middle school
Gray Middle
High school
Daniel Boone
Directions
From 6547 Kingsport Hwy, Johnson City, TN 37615 Head northwest on Kingsport Hwy / TN-36 toward Ben Jenkins Rd Turn left onto Gray Station Rd Turn left to stay on Gray Station Rd Keep right to stay on Gray Station Rd Arrive at Gray Station Rd on the right
Standard status
Pending
APN
005j F 003.00
Lot size
3.70 Acres
Taxes and HOA fees
Tax Annual Amount
1794
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1935
Floors in Building
1
Number of units
7
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Hurd Realty, LLC
(423) 491-8335
Listed By:
Brian Parlier · License #359767
(404) 931-4874
Added: Apr 30, 2025
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# 9979565
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 multifamily offering comprises two separate parcels totaling 3.7 acres at 166-178 Gray Station Road in Johnson City. The property includes seven single-family rental homes along with two additional garages. The homes were built in 1935 and are served by public water and public sewer. Existing occupancy is structured on a month-to-month basis, providing a flexible residential rental configuration.
The property is located near Franklin Woods Medical Center, Boone Lake, local restaurants, and shopping. The R-zoned site combines multiple residential improvements with established utility connections and separate garage structures. Showings require at least 24 hours’ notice because tenants occupy the homes. The property is offered in its current condition.
The property is located near Franklin Woods Medical Center, Boone Lake, local restaurants, and shopping. The R-zoned site combines multiple residential improvements with established utility connections and separate garage structures. Showings require at least 24 hours’ notice because tenants occupy the homes. The property is offered in its current condition.
Key Highlights
- Seven single‑family rental homes across two parcels
- 3.7‑acre property at 166‑178 Gray Station Road
- Two additional garages included
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing residential property with multiple detached homes, accessory garages, public utilities, and flexible month-to-month occupancy.
Where is this apartment building located?
The property is located at 166-178 Gray Station Road Johnson City, TN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Seven single‑family rental homes across two parcels; 3.7‑acre property at 166‑178 Gray Station Road; Two additional garages included
