8703 Highway 19e Roan Mountain, TN 37687
MULTI_FAMILY - Other - Roan Mountain, TN
Property size:
8,640 SFLot size:
3.47 AcresPrice / SF:
$172/SF- Added:
- Dec 14, 2025
- Days on Market:
- 138
- Last Refresh:
- May 1 at 8:06 pm
Property Features for 8703 Highway 19e
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF
- Bedrooms
- 28
- Bathrooms
- 12
- Rooms
- Bedroom 6, Bedroom 17, Bedroom 13, Bedroom 12, Bedroom 4, Bathroom 10, Bathroom 4, Bedroom 27, Bedroom 7, Bathroom 3, Bathroom 7, Bathroom 12, Bedroom 26, Bathroom 5, Bedroom 23, Bathroom 2, Bathroom 1, Bedroom 14, Bathroom 11, Bedroom 1, Bathroom 9, Bedroom 21, Bedroom 15, Bedroom 5, Bedroom 20, Bedroom 24, Bedroom 18, Bedroom 9, Bedroom 3, Bedroom 8, Bedroom 16, Bedroom 19, Bathroom 6, Bedroom 2, Bedroom 28, Bedroom 11, Bedroom 25, Bathroom 8, Bedroom 10, Bedroom 22
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 100 013.01
- Size
- 8,640 SF
- Lot size
- 3.47 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5914
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating), Electric (Heating), Central
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1996
- Number of units
- 12
- Flooring type
- Carpet, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Ryan & Sarah McKinney License #329643 (423) 773-1607
Listing office KW Johnson City 3009 Greenline Road, Johnson City, TN (423) 433-6500
Listing date Dec 14, 2025
MLS# 9989263
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.
Overview
Roan Mountain Turnkey Rental Portfolio
This turnkey rental portfolio in Roan Mountain features 5 buildings comprising 12 units. The properties are located across Highway 19E and the Eddie Lane cluster. The portfolio maintains 100% occupancy and consistent cash flow. Included are 107, 109, 111, and 117 Eddie Lane, all two-story buildings with two-bedroom apartments, each approximately 800+ square feet and equipped with laundry facilities. Tenants are responsible for utilities, with an average income of $1,030.00 per unit, totaling $8,240 per month. The fifth building, located at 8703 Hwy 19E, is a single-story structure featuring 4 three-bedroom apartments, each with its own laundry facilities. Tenants pay utilities, and the average income is $1,285.00 per unit, totaling $4,980 per month. The total annual income for the property is $158,640. Expenses, including taxes ($6,000), insurance ($6,500), garbage ($2,200), and CapEx upgrades ($5,000), total $19,000, resulting in a net profit of $139,640. Factoring in property management fees of 8% ($12,000), the net operating income (NOI) is $128,000, equating to a 7.5% cap rate. The portfolio offers steady rents, a proven tenant base, and practical layouts. Systems and mechanicals have been proactively maintained. All units are located within one manageable radius. The properties are situated minutes from grocery stores, schools, and employers. The properties are located within one parcel in Carter County and feed into Cloudland Schools. The 3.47-acre lot is zoned MF. The property is 8,640 square feet. The location is approximately 19 minutes from Banner Elk, 33 minutes from Johnson City, and 46 minutes from Boone.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Map
- City
- Roan Mountain
- County
- Carter
- State
- Tennessee
- Longitude
- -82.045009
- Latitude
- 36.190785
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey rental portfolio with 12 units, 100% occupancy, consistent cashflow.
Where is this apartment building located?
The property is located at 8703 Highway 19e Roan Mountain, TN.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Turnkey rental portfolio with 12 units, 100% occupancy, and a net operating income (NOI) of $128,000, equating to a 7.5% cap rate.; Strong rental demand in an undersupplied market (Roan Mountain) driven by local workforce and year‑round tourism, minimizing vacancy.; All units have laundry facilities, and tenants pay utilities, simplifying management and reducing landlord expenses.
