Johnson City Apartment Building For
For Lease
$674,999 SF/Yr
3411 W Walnut Street, Johnson City, TN 37604
COMMERCIAL - Johnson City, TN
Property Size1,375 SF
Lot Size0.38 Acres
Days on Market462
Property Features for 3411 W Walnut Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
Commercial
Subdivision
Not In Subdivision
Directions
From Johnson City go northeast on Cherry St toward buffalo st, then turn left at the f1st cross street onto buffalos st. the turn at the 1st cross street onto w state of franklin rd, then turn left onto west walnut st, the property will be on your left. NO sign.
Standard status
Active
APN
053o B 006.00
Size
1,375 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
2103
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1965
Building materials
Brick, Vinyl Siding
Roof type
Composition, Shingle
Listing Agency:
eXp Realty, LLC
(888) 519-5113
Listed By:
Matthew McCrory · License #347285
(423) 557-7839
Added: Apr 25, 2025
Changed: Jul 25
Last Checked: Jul 30 at 11:06AM
MLS# 9979343
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Investment Insights
Based on property information with market context.
This six-unit apartment building is located in Johnson City, TN, and offers an investment opportunity. The property generates $60,240 annually in rental income. The building features two 2-bedroom, 1-bath units on the upper level, two 2-bedroom, 1-bath units on the main level, and two 1-bedroom, 1-bath units on the lowest level at the back of the building. All units include tile flooring, fresh paint, and newer appliances. Situated in a central location, the property is near downtown, East Tennessee State University (ETSU), and major employers. The lot size is 0.38 acres, and the property size is 1375 square feet. The property is zoned for commercial use.
Key Highlights
- Solid cash flow with $60,240 annual rental income.
- Value‑add potential with below‑market rents.
- Six‑unit apartment building with a mix of 2‑bed/1‑bath and 1‑bed/1‑bath units.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
NNN (Triple Net)
Lease Type
$101,249.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building with income potential in Johnson City, TN.
Where is this apartment building located?
The property is located at 3411 W Walnut Street Johnson City, TN.
What is the lease rate?
The lease rate is $674,999.
What are key features of this property?
This property features: Solid cash flow with $60,240 annual rental income.; Value‑add potential with below‑market rents.; Six‑unit apartment building with a mix of 2‑bed/1‑bath and 1‑bed/1‑bath units.
