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Three-Unit Multifamily Property
New
For Sale
$449,000

3536/3538 West Walnut St, Johnson City, TN 37604

Occupied rental property combining an updated duplex with a separate double-wide residence on one parcel.

Property Size1,764 SF
Price / SF$254.54
Days on Market3

Property Features for 3536/3538 West Walnut St

General Information

Standard status Active
Size 1,764 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 1 x 2BR/1BA, 1 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units 3

Building Details

Year Built 1940
Buildings 2
Tenancy Multi
Listing Agency: Jackson Real Estate & Auction
Listed By: The Freck Group, Shad Freck, Stephanie M
Source: Livinginjohnsoncity
Added: Sep 2 Changed: Sep 3 Last Checked: Sep 3 at 2:41AM

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 Jackson Real Estate & Auction

Investment Insights

Based on property information with market context.

This multifamily property includes three occupied rental units across a duplex and a separate double-wide residence. The duplex contains a two-bedroom, one-bath unit and a one-bedroom, one-bath unit, while the double-wide provides three bedrooms and two baths. Interior improvements include oak cabinetry, upgraded appliances, stained-concrete flooring, and tile bathroom floors. Duplex features include natural-gas water heating, gas logs, and ceiling fans in all bedrooms.

All three units occupy one parcel, with separate water meters serving the duplex and double-wide. The property is located at 3536/3538 West Walnut St in Johnson City, Tennessee, and was built in 1940. No city taxes apply. Showings require 24-hour notice, and all units are currently occupied.

Key Highlights

  • Three rental units on one parcel
  • Unit mix includes 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and 3‑bedroom/2‑bath residences
  • Duplex and double‑wide have separate water meters

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Restaurant Spa & Massage Center Parking Lot & Garage Pharmacy Skin Care Clinic

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

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

31
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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Occupied rental property combining an updated duplex with a separate double-wide residence on one parcel.
Where is this multifamily property located?
The property is located at 3536/3538 West Walnut St Johnson City, TN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three rental units on one parcel; Unit mix includes 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and 3‑bedroom/2‑bath residences; Duplex and double‑wide have separate water meters
More about this property
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