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16-Unit Apartment Building Portfolio
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200 East Watauga Avenue, Johnson City, TN 37601

Three apartment buildings offer refreshed one- and three-bedroom units, with separate electrical metering in two buildings.

Property SizeContact for details
Days on Market143

Property Features for 200 East Watauga Avenue

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 15 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units 16

Building Details

Buildings 3
Listing Agency: EXP Realty LLC
Listed By: Matt McCrory · License #347285
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC

Investment Insights

Based on property information with market context.

This multifamily portfolio includes 16 apartments across three buildings at 200, 204, and 206 East Watauga Avenue. The first two buildings each contain six one-bedroom, one-bath apartments with individual electrical meters. The third includes one three-bedroom, one-bath apartment and three one-bedroom, one-bath apartments supported by shared utilities.

Recent capital improvements include fully renovated units with new flooring, paint, bathrooms, appliances, cabinetry, countertops, and PTAC units where needed. Other apartments have received updates including flooring, paint, and appliances. The property is professionally managed by Casa Haven Property Management, which is willing to continue serving the portfolio under new ownership. The complex is located less than 3 miles from East Tennessee State University and less than 5 miles from Milligan University.

Key Highlights

  • 16 apartments across 3 separate buildings
  • 200, 204, and 206 East Watauga Avenue in Johnson City, TN 37601
  • Twelve one‑bedroom apartments with individual electrical meters

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Catering Service Florist Tanning Salon 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

16
Residential units

Location Intelligence

Trade Area within ½ mile

1,511
Businesses Nearby

Demographics for 37601, TN

37,079
Population
18,153
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
47.7 sq mi
ZIP Area
777
Density / Sq Mi
$49,658
Median Household Income
$32,312
Median Earnings
$892
Median Rent
$187,000
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 - Three apartment buildings offer refreshed one- and three-bedroom units, with separate electrical metering in two buildings.
Where is this apartment building located?
The property is located at 200 East Watauga Avenue Johnson City, TN.
What are key features of this property?
This property features: 16 apartments across 3 separate buildings; 200, 204, and 206 East Watauga Avenue in Johnson City, TN 37601; Twelve one‑bedroom apartments with individual electrical meters
(423) 210-4155 Call to check price and availability
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