45-Unit Apartment
80 Jones Road, Erwin, TN 37650
For Sale
$3,950,000
Pending
Multi Family, Erwin, TN
Property SizeContact for details
Lot Size2.22 Acres
Days on Market509
Property Features for 80 Jones Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
on-site laundry room
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
SVN, Wood Properties
(865) 936-9999
Listed By:
Kevin Tipton · License TN #275491
(865) 210-0228
Added: Jun 20, 2025
Changed: Oct 29
Last Checked: Nov 10 at 10:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
45
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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
