Johnson City Multifamily Investment Opportunity

3411 W Walnut Street, Johnson City, TN 37604

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For Sale

$674,999

MULTI_FAMILY - Other - Johnson City, TN

Lot size:

0.38 Acres

HighLights

6‑unit apartment building built in 1965 with brick and vinyl siding exterior
Income reported as $60,240 annually in rental income (below‑market rents per listing remarks)
Unit mix: two 2BR/1BA units upstairs, two 2BR/1BA units on the main level, and two 1BR/1BA units on the lowest level (back side)
All units feature tile flooring and newer appliances, with fresh paint reported in the listing
Public utilities: public water and public sewer
Heating includes baseboard heat; cooling includes window unit(s)

We can help!

Contact an agent

Matthew McCrory

For Sale

$674,999

MULTI_FAMILY - Other - Johnson City, TN

Lot size:

0.38 Acres

Added:: Apr 28, 2025
Days on Market:: 430
Last Refresh:: Jul 1 at 4:06 am

Property Features for 3411 W Walnut Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Commercial
Bedrooms: 8
Bathrooms: 4
Rooms: Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 1
Appliances: Range, Refrigerator
Standard status: Active
APN: 053o B 006.00
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
Floors in Building: 2
Number of units: 6
Flooring type: Tile
Building materials: Brick, Vinyl Siding
Roof type: Shingle, Asphalt
Architectural style: Other

We can help!

Contact an agent

Matthew McCrory

Listing agent Matthew McCrory License #347285

Listing office eXp Realty, LLC 3401 Mallory Lane #100, Nashville, TN

Listing date Apr 28, 2025

MLS# 9979408 Listing URL

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.

HighLights

6‑unit apartment building built in 1965 with brick and vinyl siding exterior
Income reported as $60,240 annually in rental income (below‑market rents per listing remarks)
Unit mix: two 2BR/1BA units upstairs, two 2BR/1BA units on the main level, and two 1BR/1BA units on the lowest level (back side)
All units feature tile flooring and newer appliances, with fresh paint reported in the listing
Public utilities: public water and public sewer
Heating includes baseboard heat; cooling includes window unit(s)

Overview

This is a six-unit apartment building located in Johnson City. It is currently generating $60,240 annually in rental income. The property offers value-add potential due to below-market rents. The building includes two 2-bedroom, 1-bath units upstairs, 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 feature tile flooring, fresh paint, and newer appliances. The property is centrally located, with proximity to downtown, East Tennessee State University (ETSU), and major employers. The lot size is 0.38 acres. The property is positioned for long-term appreciation and increased rent potential.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Johnson City
County: Washington
State: Tennessee
Longitude: -82.41843
Latitude: 36.297909

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For sale
Apartment buildings
TN
Johnson City
37604
3411 W Walnut Street

What type of property is this?

Apartment building - Six-unit apartment building with value-add potential in Johnson City.

Where is this apartment building located?

The property is located at 3411 W Walnut Street Johnson City, TN.

What is the asking price?

The asking price for this property is $674,999.

What are key features of this property?

This property features: 6‑unit apartment building built in 1965 with brick and vinyl siding exterior; Income reported as $60,240 annually in rental income (below‑market rents per listing remarks); Unit mix: two 2BR/1BA units upstairs, two 2BR/1BA units on the main level, and two 1BR/1BA units on the lowest level (back side)

3411 W Walnut Street, Johnson City, TN 37604

MULTI_FAMILY - Other - Johnson City, TN

Property Features for 3411 W Walnut Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant and Event Venue with Creek

Revitalized West Walnut Commercial Space

Johnson City Commercial Opportunity

Renovated Office Building, Johnson City

Gated Warehouse with Office Buildout

Flexible Residential/Commercial Property

Brick Industrial Warehouse with Office

Remodeled Retail Building with Garage Door

Multifamily and Commercial Investment Opportunity

Updated Duplex With Decks

Downtown Johnson City Mixed-Use Building

Versatile Mixed-Use Property, Johnson City

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