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6-Unit Apartment Building
For Sale
$674,999

3411 Walnut Street, Johnson City, TN 37604

Maintained multifamily property with tile flooring, fresh paint, and newer appliances throughout the units.

Property SizeContact for details
Days on Market490

Property Features for 3411 Walnut Street

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 6

Additional Details

Gross Income $60,240

Building Details

Year Built 1965
Buildings 1
Listing Agency: eXp Realty, LLC
Listed By: Matthew McCrory · License #347285
Source: Exitrealty
Added: Apr 28, 2025 Changed: Aug 29 Last Checked: Aug 29 at 3:13PM

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 6-unit apartment building, constructed in 1965, includes four 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. The larger apartments occupy the upper and main levels, while the two smaller units are positioned on the lowest level at the rear of the building. Interior features include tile flooring, fresh paint, and newer appliances across the units.

The property is located at 3411 Walnut Street in Johnson City, with proximity to downtown, East Tennessee State University, and major employers. The unit mix provides a combination of two-bedroom and one-bedroom apartments within a single multifamily asset.

Key Highlights

  • 6‑unit apartment building constructed in 1965
  • Four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
  • Two 2‑bedroom units on the upstairs level

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Building Supply Auto Parts Store Kitchen & Bath Showroom Accounting Firm

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

966
Businesses Nearby

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

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 - Maintained multifamily property with tile flooring, fresh paint, and newer appliances throughout the units.
Where is this apartment building located?
The property is located at 3411 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 constructed in 1965; Four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; Two 2‑bedroom units on the upstairs level
More about this property
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