Seven-Home Multifamily
For Sale
$599,000
Pending
166-178 Gray Station Road, Johnson City, TN 37615
COMMERCIAL - Johnson City, TN
Property Size99,999 SF
Lot Size3.70 Acres
Days on Market473
Property Features for 166-178 Gray Station Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R
Subdivision
Not In Subdivision
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
Size
99,999 SF
Lot size
3.70 Acres
Taxes and HOA fees
Tax Annual Amount
3354
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1935
Listing Agency:
Hurd Realty, LLC
(423) 491-8335
Listed By:
Brian Parlier · License #359767
(404) 931-4874
Added: May 1, 2025
Changed: Aug 4
Last Checked: Aug 16 at 7:06AM
MLS# 9979640
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 property includes 7 single-family rental homes and 2 additional garages across 2 separate parcels totaling approximately 3.7 acres. The homes are served by public water and public sewer, and the improvements date to 1935. Existing rental arrangements are month to month, providing an established residential income configuration. The property is offered in its current condition, with tenant notice required for showings.
The site is located on Gray Station Road in Johnson City, near Franklin Woods Medical Center, Boone Lake, and local restaurants and shopping. R zoning supports the property’s residential multifamily classification. The combination of multiple dwellings, accessory garage space, and a substantial acreage base creates a consolidated rental property with several existing structures.
The site is located on Gray Station Road in Johnson City, near Franklin Woods Medical Center, Boone Lake, and local restaurants and shopping. R zoning supports the property’s residential multifamily classification. The combination of multiple dwellings, accessory garage space, and a substantial acreage base creates a consolidated rental property with several existing structures.
Key Highlights
- 7 single‑family rental homes across 2 separate parcels
- Approximately 3.7 acres on Gray Station Road
- 2 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?
Multifamily property - Seven rental homes and two garages occupy adjoining parcels with public water and sewer service.
Where is this multifamily property 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: 7 single‑family rental homes across 2 separate parcels; Approximately 3.7 acres on Gray Station Road; 2 additional garages included
