45-Unit Apartment
New
For Sale
$3,950,000
Pending
80 Jones Road, Erwin, TN 37650
Laundry options include hookups in select apartments and a shared on-site room for other residents.
Property SizeContact for details
Days on Market1
Property Features for 80 Jones Road
General Information
Standard status
Pending
Property subtype
Multi Family
Units
Unit Mix
18 x 2BR/1.5BA, 17 x 1BR/1BA, 9 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
45
Amenities
washer/dryer hookups
on-site laundry room
Vinyl,Tile,Laminate
true
Public
2.22
Concrete
Building Details
Year Built
1972
Listing Agency:
Greater Impact Realty Lakeway
(423) 973-8634
Listed By:
Ben Cantwell · License #360377
(423) 438-7077
Source:
Greaterimpactrealty
Added: Oct 31
Last Checked: Oct 31 at 3:04AM
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 Greater Impact Realty Lakeway
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Investment Insights
Based on property information with market context.
This 45-unit apartment property, built in 1972, includes a mix of one-, two-, and three-bedroom homes. The unit breakdown is 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. Vinyl, tile, and laminate finishes are noted. Fifteen apartments have washer and dryer hookups; residents of the remaining units can use the on-site laundry room. Tenants pay all utilities.
The property is located in Erwin, within 15 minutes of Downtown Johnson City and East Tennessee State University.
The property is located in Erwin, within 15 minutes of Downtown Johnson City and East Tennessee State University.
Key Highlights
- 45 apartments built in 1972
- Unit mix: 18 2‑bedroom/1.5‑bath, 17 1‑bedroom/1‑bath, 9 2‑bedroom/1‑bath, and 1 3‑bedroom/2‑bath units
- Washer and dryer hookups in 15 units; other units have access to the on‑site laundry room
Property Analytics
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Lease Details
45
Residential units
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - Laundry options include hookups in select apartments and a shared on-site room for other residents.
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 apartments built in 1972; Unit mix: 18 2‑bedroom/1.5‑bath, 17 1‑bedroom/1‑bath, 9 2‑bedroom/1‑bath, and 1 3‑bedroom/2‑bath units; Washer and dryer hookups in 15 units; other units have access to the on‑site laundry room
