705 Lehigh St Johnson City, TN 37604
This Johnson City, Tennessee duplex presents a compelling investment opportunity. Located near East Tennessee State University, the VA, and downtown, this 1,154 square foot property boasts two 1-bedroom, 1-bathroom units, each with laundry hookups. Recently renovated, the property features a new roof, flooring, joists, and plumbing. The left unit showcases a fully remodeled kitchen and bathroom with modern finishes, while the right unit boasts new flooring, an updated bathroom, and a newly added laundry area. Both units are equipped with efficient new mini-split HVAC systems. Separate water lines ensure tenant-paid utilities. Currently generating $1,650 in monthly rent ($800 and $850 respectively), this Class B duplex sits on a 0.14-acre lot and is zoned for multi-family use. Built in 1925, this property is ideal for first-time investors or seasoned portfolio builders seeking a strong return. The property's proximity to ETSU, the VA, and the Roan Street business district ensures high occupancy potential. All information should be independently verified by the buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.