45-Unit Apartment
For Sale
$3,950,000
Pending
80 Jones Road, Erwin, TN 37650
Multi Family, Erwin, TN
Property SizeContact for details
Lot Size2.22 Acres
Days on Market464
Property Features for 80 Jones Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 5, Bathroom 6, Bedroom 6, Bedroom 1, Bathroom 7, Bedroom 3, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 8, Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 4
Elementary school
Love Chapel
Middle school
Unicoi Co
High school
Unicoi Co
Directions
S Main to left on Love St., right on Carolina Ave, right on Jones Rd, property approx. 1/4 mi on the right.
Standard status
Pending
APN
031g A 039.00
Lot size
2.22 Acres
Taxes and HOA fees
Tax Annual Amount
13706
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
on-site laundry room
Building Details
Year built
1972
Number of units
45
Flooring type
Vinyl, Laminate, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
SVN, Wood Properties
(865) 936-9999
Listed By:
Kevin Tipton · License #275491
(865) 210-0228
Added: Jun 20, 2025
Changed: Sep 15
Last Checked: Sep 26 at 10:06AM
MLS# 9981968
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.
Investment Insights
Based on property information with market context.
This 45-unit apartment property includes a varied residential mix: eighteen 2-bedroom, 1.5-bath units; seventeen 1-bedroom, 1-bath units; nine 2-bedroom, 1-bath units; and one 3-bedroom, 2-bath unit. Fifteen apartments include washer and dryer hookups, while the balance has access to an on-site laundry room. Residents pay their own utilities.
Built in 1972, the property occupies 2.22 acres and features brick construction, shingle roofing, central heating, central air, and a combination of vinyl, laminate, and tile flooring. Public water serves the property. The address is within 15 minutes of Downtown Johnson City and East Tennessee State University.
Built in 1972, the property occupies 2.22 acres and features brick construction, shingle roofing, central heating, central air, and a combination of vinyl, laminate, and tile flooring. Public water serves the property. The address is within 15 minutes of Downtown Johnson City and East Tennessee State University.
Key Highlights
- 45‑unit apartment property on 2.22 acres
- Unit mix includes eighteen 2 bed / 1.5 bath, seventeen 1 bed / 1 bath, nine 2 bed / 1 bath, and one 3 bed / 2 bath units
- Fifteen units have washer / dryer hookups; remaining units access the on‑site laundry room
Property Analytics
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Current Use
Lease Details
45
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 37650, TN
12,329
Population
6,352
Households
1.9
Avg Household Size
47
Median Age
17%
College-Educated
88%
High-School Grad
97.0 sq mi
ZIP Area
127
Density / Sq Mi
$49,671
Median Household Income
$37,500
Median Earnings
$636
Median Rent
$156,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Residents are responsible for all utilities, with laundry access provided on site.
Where is this apartment building located?
The property is located at 80 Jones Road Erwin, TN.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 45‑unit apartment property on 2.22 acres; Unit mix includes eighteen 2 bed / 1.5 bath, seventeen 1 bed / 1 bath, nine 2 bed / 1 bath, and one 3 bed / 2 bath units; Fifteen units have washer / dryer hookups; remaining units access the on‑site laundry room
