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Brick Multifamily Apartment Building
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 Market423

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 7, Bathroom 6, Bathroom 7, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 8, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5
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

on-site laundry room
washer/dryer hookups

Building Details

Year built 1972
Number of units 45
Flooring type Laminate, Tile, Vinyl
Building materials Brick
Roof type Shingle
Listing Agency: SVN, Wood Properties
Listed By: Kevin Tipton · License #275491
Added: Jun 20, 2025 Changed: Aug 4 Last Checked: Aug 16 at 6:06AM
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.

Liberty Estates Apartments is a 45-unit multifamily property in Erwin, Tennessee. The unit mix includes eighteen 2 bed/1.5 bath apartments, seventeen 1 bed/1 bath apartments, nine 2 bed/1 bath apartments, and one 3 bed/2 bath unit.

The building uses brick construction and is served by public water. Heating and cooling are both central, and the roof is shingle. Flooring includes laminate, vinyl, and tile. Fifteen units have washer/dryer hookups, while the remaining units have access to an on-site laundry room. Tenants pay all utilities.

The property sits on a 2.22-acre lot and is located within 15 minutes of Downtown Johnson City and East Tennessee State University.

Key Highlights

  • 45‑unit multifamily property with a mix of 2 bed, 1 bed, and 3 bed units
  • Brick construction with central heating and central air
  • Built in 1972 with shingle roofing

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage

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

45
Residential units

Location Intelligence

Trade Area within ½ mile

181
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick apartment building with central heating and central air, built in 1972 and served by public water.
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 multifamily property with a mix of 2 bed, 1 bed, and 3 bed units; Brick construction with central heating and central air; Built in 1972 with shingle roofing
More about this property
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