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    Property profile & analytics

    416 Old Watauga Rd Watauga, TN 37694

    • Apartment buildings
    • 4,032 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 416 Old Watauga Rd

    Year built
    1990
    Lot size
    1.30 lot acres
    Property size
    4,032 SF
    Property type
    Apartment buildings

    Description

    Exceptional investment opportunity in Watauga, Tennessee. This four-unit apartment building, built in 1990, boasts 4,032 square feet on a spacious 1.3-acre lot (APN: 033 165 00). Each unit offers two bedrooms and one and a half bathrooms, featuring amenities such as bonus sinks in bedrooms, extra storage in master bedrooms, large closets, and eat-in kitchens. Residents enjoy private back patios and stunning mountain views. The property is zoned for commercial use, presenting potential for expansion with additional units, a pool, or recreational areas. Conveniently located just five minutes from Elizabethton and fifteen minutes from Johnson City, this property offers premium rental income with tenant-paid utilities and low-maintenance construction. The asking price is $650,000. This is a rare chance to acquire a well-maintained multifamily property in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Watauga
    County
    Carter
    State
    Tennessee
    Longitude
    -82.2527
    Latitude
    36.3691

    Comparable in this City

    • Value Estimation by Request
      3,132 SF

      4th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,132 SF
      4th Ave, Watauga, TN 37694
      View Details
    • Value Estimation by Request
      4,608 SF

      Watauga Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,608 SF
      Watauga Rd, Watauga, TN 37694
      View Details
    • Value Estimation by Request
      2,048 SF

      901 Watauga Rd

      MOBILE HOME PARK, TRAILER PARK • 2,048 SF
      901 Watauga Rd, Watauga, TN 37694
      View Details
    • Value Estimation
      $315,000
      1,658 SF

      450 Watauga Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,658 SF
      450 Watauga Rd, Watauga, TN 37694-3112
      View Details
    • Value Estimation by Request
      7.19 Acres

      279 Cripple Crk Rd

      COMMERCIAL (GENERAL) • 7.19 Acres
      279 Cripple Crk Rd, Watauga, TN 37694
      View Details
    • Value Estimation by Request
      10,000 SF

      Watauga Rd

      COMMERCIAL (GENERAL) • 10,000 SF
      Watauga Rd, Watauga, TN 37694
      View Details

    Similar Nearby for Sale

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      0.44 Acres

      Affordable Building Lot in Watauga

      Desirable 0.44 acre building lot in Watauga, Tennessee.
      198 Maple Tree Ln, Watauga, TN 37694
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    • $295,000
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      Watauga Road Commercial Properties

      Two commercial properties with warehouse, retail space, and rental potential.
      901 Watauga Rd, Watauga, TN 37694
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      Land with Building Potential

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    416 Old Watauga Rd
    Watauga, TN 37694
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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