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    Butler, TN
    Residential Income

    Butler, TN Residential Income Properties for Sale

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    Elizabethton, TN Mountain City, TN Hampton, TN Johnson City, TN Roan Mountain, TN Vilas, NC Elk Park, NC Banner Elk, NC
    Renovated Multifamily Property
    Updated: Sep 22
    Renovated Multifamily Property

    6672 Roan Creek Road, Butler, TN 37640

    $989,000
    3.31 AC lot
    Eight 2‑bedroom, 1‑bath apartments across three buildings
    7,435 square feet of total apartment area
    Two‑story quadplex plus two side‑by‑side duplexes
    Extensive renovations completed in 2024
    Each unit includes washer and dryer hookups
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    Renovated Eight-Unit Multifamily Property
    Updated: Sep 24
    Renovated Eight-Unit Multifamily Property

    6672 Roan Creek Rd, Butler, TN 37640

    $989,000
    7,435 sqft 3.31 AC lot
    Eight leased apartments, each with 2 bedrooms and 1 bathroom
    7,435 square feet of apartment area across 3 buildings
    3.31‑acre site
    Renovations completed in 2024
    Washer and dryer hookups in every unit
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Butler, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Little Pond Mountain Campground RV
    Little Pond Mountain Campground RV

    177 Hospital Road, Mountain City, TN 37683

    $109,900
    21,780 sqft 0.50 AC lot

    6-pad RV park with expansion potential in Mountain City.

    View details
    Residential Land with Cabin and Ponds
    Residential Land with Cabin and Ponds

    Mountain City, TN 37683

    $629,000
    28.24 AC lot

    28+ acre property with a ~600 sq ft cabin, tiny home, and two ponds on residential-zoned land.

    View details
    5 Acres with Rental Units
    5 Acres with Rental Units

    9980 HWY 412 S, Trade, TN 37691

    $265,000
    5.00 AC lot

    5 acres with multiple rental units near Boone, North Carolina.

    View details
    Lots/Land
    Lots/Land

    1929/1993 Bulldog Road, Trade, TN 37691

    $389,000

    Recreation land

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Lot Near Watauga Lake
    Residential Lot Near Watauga Lake

    262 Stout Branch Road, Mountain City, TN 37683

    $69,900
    22,215 sqft 0.50 AC lot

    Level lot with utilities, no restrictions, near Roan Creek.

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    Level Lot Near Watauga Lake
    Level Lot Near Watauga Lake

    262 Stout Branch Road, Mountain City, TN 37683

    $69,900
    0.51 AC lot

    Half-acre lot near Roan Creek, ideal for various housing options.

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    Creekfront Mountain Land
    Creekfront Mountain Land

    9613 Roan Creek Road, Butler, TN 37640

    $795,000
    107.00 AC lot

    Unrestricted wooded acreage with creek frontage, mountain views, and existing well, septic, electric, and bridge access.

    View details
    Recreational Land Near Doe Mountain
    Recreational Land Near Doe Mountain

    Roan Creek Road, Butler, TN 37640

    $149,900
    9.75 AC lot

    9.75 acres near Doe Mountain Recreation Area and Watauga Lake.

    View details

    Off-Market Properties in Butler, TN

    Consider similar Off-Market properties in Butler, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    11 Of Dry Hl Rd
    Land

    11 Of Dry Hl Rd, Butler, TN 37640

    Estimated value:
    No data
    1.24 AC lot
    View details
    18 Horseshoe Cove Dr
    Land

    18 Horseshoe Cove Dr, Butler, TN 37640

    Estimated value:
    No data
    1.35 AC lot
    View details
    12 Of Dry Hl Rd
    Land

    12 Of Dry Hl Rd, Butler, TN 37640

    Estimated value:
    No data
    View details

    Butler, TN Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Butler, TN on our real estate platform. These investment opportunities span a total of 7,435 square feet of properties for sale, with an estimated market value of $1,978,000.

    Sale prices for residential income properties in Butler, TN average $989,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Multifamily properties 2
    Quadplexes 2

    Demographics Overview

    Population 3,343
    Population Growth (5Y) -11.5%
    Median Household Income $47,404
    College Educated 21.0%

    High-Yield Neighborhoods for Investment

    Identify Butler submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    37640 $222.4K

    Taxes & Financing

    Tax Rate (average for all types) 1.81%
    Property Tax per SF $42.57 per SF
    Tax Rate vs County Average 0.58 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Johnson County

    New Delisted

    Total CRE Inventory on Market (SF)

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