Multifamily Income Property with Six
630 Elizabethton Highway, Bluff City, TN 37618
New
MULTI_FAMILY - Bluff City, TN
Property size:
6,174 SFLot size:
1.28 AcresPrice / SF:
$113/SF- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 3:06 am
Property Features for 630 Elizabethton Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Basement, Bedroom 1
- Basement
- Crawl Space
- Appliances
- Dishwasher, Range, Refrigerator
- Standard status
- Active
- APN
- 125b A 008.10
- Size
- 6,174 SF
- Lot size
- 1.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3191
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1993
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Carpet, Vinyl, Laminate
- Building materials
- Vinyl Siding
- Roof type
- Metal
Listing agent Justin Branson License #303020 (423) 366-7745
Listing office Path Real Estate LLC 18 6th Street, Bristol, TN (423) 377-0577
Listing date Jun 15, 2026
MLS# 9996838
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
- Income‑producing property with six fully occupied 2‑bedroom, 1.5‑bath units (separately metered).
- Set on a 1.28‑acre lot.
- Built in 1993 with metal roof.
- Recent updates include metal roof (2012), siding (2012), PEX water lines in crawl space (2026), and storm doors (2026).
- Additional 2025–2026 work: crawl space cleanup (2025), exterior foundation and deck staining (2026), and septic pumped (2026).
- Utilities include public water and a septic tank; HVAC uses heat pump for heating and cooling.
Overview
This multifamily income property includes six fully occupied units, each configured with two bedrooms and 1.5 bathrooms. The units are separately metered, supporting independent utility billing. The property sits on a 1.28-acre lot and has had several documented updates. Improvements include a metal roof installed in 2012, siding installed in 2012, and PEX water lines added in the crawl space in 2026. Additional exterior work includes storm doors installed in 2026, along with exterior foundation and deck staining in 2026, and crawl space cleanup in 2025. The septic was also pumped in 2026.
Located in Bluff City, TN (Sullivan County), the property is positioned along Elizabethton Highway and is described as providing convenient access to the Tri-Cities area. The listing notes proximity to shopping, dining, and major commute routes.
For buyers seeking a turn-key residential income asset, the current occupancy and separate metering may simplify operating considerations. With multiple documented capital improvements across the roof, siding, plumbing lines, and exterior maintenance, this property presents a straightforward opportunity for those who want an established, currently leased multifamily structure within an MF zoning framework. All information is provided as a courtesy, and buyers are encouraged to verify details and complete due diligence for their intended use.
Located in Bluff City, TN (Sullivan County), the property is positioned along Elizabethton Highway and is described as providing convenient access to the Tri-Cities area. The listing notes proximity to shopping, dining, and major commute routes.
For buyers seeking a turn-key residential income asset, the current occupancy and separate metering may simplify operating considerations. With multiple documented capital improvements across the roof, siding, plumbing lines, and exterior maintenance, this property presents a straightforward opportunity for those who want an established, currently leased multifamily structure within an MF zoning framework. All information is provided as a courtesy, and buyers are encouraged to verify details and complete due diligence for their intended use.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.0k | $13.44 |
| − Vacancy | −$4.6k | −$0.74 |
| EGI | $78.4k | $12.70 |
| − OpEx | −$35.3k | −$5.72 |
| NOI | $43.1k | $6.99 |
6,174 SF · lease $13.44/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$616.1K
$539.1K – $718.8K
NOI $43,128 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,844 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Morrell Cemetery
Cemetery
Location Insight
- Map
- Local Demand
- City
- Bluff City
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.269107
- Latitude
- 36.443579
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six fully occupied, separately metered units offer an investor-ready residential income setup on an MF-zoned site.
Where is this apartment building located?
The property is located at 630 Elizabethton Highway Bluff City, TN.
What is the asking price?
The asking price for this property is $699,995.
What are key features of this property?
This property features: Income‑producing property with six fully occupied 2‑bedroom, 1.5‑bath units (separately metered).; Set on a 1.28‑acre lot.; Built in 1993 with metal roof.
