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    Gray, TN Residential Income Properties for Sale

    25 results
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    Turn-Key Multifamily Investment Opportunity
    $425,000
    3,920 SF

    Turn-Key Multifamily Investment Opportunity

    1308 Bell Ridge Road, Johnson City, TN 37601

    Five updated units with stable income in Johnson City, TN.

    • Turn‑key investment opportunity with 5 well‑maintained, currently leased apartment units providing stable income.
    • Each unit features a spacious 1‑bedroom, 1‑bath layout (784 SF) with updated flooring and modern fixtures.
    • Full appliance packages in each unit, including stove, refrigerator, dishwasher, and in‑unit washer/dryer hookups.
    • Tenants pay their own utilities, resulting in low expenses for the owner.
    • Generous basement storage space available for owner use.
    Updated: Mar 27
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    Turnkey Fourplex in Gray, TN
    $589,900

    Turnkey Fourplex in Gray, TN

    127 Patrick Lane, Gray, TN 37615

    Remodeled four-unit property with strong rental income potential.

    • Completely remodeled fourplex in turnkey condition, offering a low‑maintenance investment.
    • Strong income‑generating property with four fully occupied units, individually metered for utilities.
    • Each unit features 2 bedrooms, 1 bathroom, LVP flooring, HVAC, laundry hookups, and dedicated outdoor space.
    • Strategically located in the heart of the Tri‑Cities, with easy access to amenities, parks, retail, restaurants, grocery stores, and I‑81 & I‑26.
    • Versatile investment property suitable for long‑term rentals, STRs, rent‑by‑the‑room, or owner‑occupancy.
    Updated: Mar 6
    View details
    Downtown Johnson City Mixed-Use Building
    $600,000
    5,000 SF

    Downtown Johnson City Mixed-Use Building

    Two-story, 5000 sq ft mixed-use building in downtown Johnson City.

    140 W Market Street, Johnson City, TN 37604
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    Four-Unit Apartment Building For Sale
    $389,900
    0.41 Acres

    Four-Unit Apartment Building For Sale

    Fully occupied four-unit apartment building near Milligan University.

    103 Warrior Lane, Johnson City, TN 37601
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    Renovated Duplex Near Downtown
    $350,000
    1,644 SF

    Renovated Duplex Near Downtown

    Fully renovated duplex near downtown Johnson City, excellent investment property.

    403 Wilson Avenue, Johnson City, TN 37604
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    Multifamily and Commercial Investment Opportunity
    $1,600,000
    10,991 SF

    Multifamily and Commercial Investment Opportunity

    Multifamily and commercial building for sale in Johnson City.

    1412 Knob Creek Road, Johnson City, TN 37604
    View details
    Mixed-Use Development Opportunity
    $429,000
    0.30 Acres

    Mixed-Use Development Opportunity

    Mixed-use development with retail and residential units in Johnson City.

    213 S Boone Street, Johnson City, TN 37604
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    Multifamily Property: Strong Cash Flow
    $524,900
    1,764 SF

    Multifamily Property: Strong Cash Flow

    Three-unit property with consistent rental income and versatile tenant appeal.

    3536/3538 W Walnut Street, Johnson City, TN 37604
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    Johnson City Multifamily Investment Property
    $400,000

    Johnson City Multifamily Investment Property

    Multifamily property in Johnson City, ideal for investment.

    305 Montgomery Street, Johnson City, TN 37604
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    25-Unit Apartment Complex Investment
    $2,400,000
    2.70 Acres

    25-Unit Apartment Complex Investment

    Multi-family investment opportunity in Johnson City, Tennessee.

    1106 Fremont Drive, Johnson City, TN 37601
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    Commercial Land with Road Frontage
    $975,000
    1,762 SF

    Commercial Land with Road Frontage

    Commercial land with high traffic, road frontage, and residential structure.

    5207 N Roan Street, Gray, TN 37615
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    Investment Properties with Boone Lake Access
    $539,000
    0.53 Acres

    Investment Properties with Boone Lake Access

    Multiple income-generating properties on 1.15 acres with lake access.

    473 Rockingham Road, Johnson City, TN 37615
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    Johnson City Mobile Home Park
    $1,199,000
    5.21 Acres

    Johnson City Mobile Home Park

    Well-maintained 18-unit mobile home park with strong cash flow.

    102 Claude Simmons Road, Johnson City, TN 37604
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    Commercial Building in Johnson City, TN
    $287,000
    2,565 SF

    Commercial Building in Johnson City, TN

    Three properties in Johnson City, TN, under $300K.

    256 W Main Street, Johnson City, TN 37604
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    Multifamily Property in Johnson City
    $339,900
    2,064 SF

    Multifamily Property in Johnson City

    Three units available for investors or owner-occupiers in Johnson City.

    2305&2303 Abbott Drive, Johnson City, TN 37601
    View details
    Johnson City Multifamily Investment Opportunity
    $1,390,000
    1.10 Acres

    Johnson City Multifamily Investment Opportunity

    Well-maintained 12-unit apartment complex near ETSU and VA.

    1308 Knob Creek Road, Johnson City, TN 37604
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    New Duplexes Near ETSU
    $789,800
    1.40 Acres

    New Duplexes Near ETSU

    New construction duplexes near ETSU, shopping, and dining.

    1519 &1521 Carroll Creek Road, Johnson City, TN 37615
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    Income-Producing Residential Investment Opportunity
    $599,000
    3.70 Acres

    Income-Producing Residential Investment Opportunity

    Seven single-family homes on 3.7 acres near Gray Station Road.

    166-178 Gray Station Road, Johnson City, TN 37615
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    Johnson City Multifamily Investment Opportunity
    $1,590,000
    8,942 SF

    Johnson City Multifamily Investment Opportunity

    Sixteen-unit apartment portfolio near ETSU and Milligan University.

    Johnson City, TN 37601
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    Centrally Located Duplex For Sale
    $149,900
    0.14 Acres

    Centrally Located Duplex For Sale

    Duplex near ETSU, VA, and Medical Center with rental potential.

    705 Lehigh Street, Johnson City, TN 37604
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    Income-Producing Residential Investment Opportunity
    $599,000
    99,999 SF

    Income-Producing Residential Investment Opportunity

    Seven single-family homes on 3.7 acres near Gray Station Road.

    166-178 Gray Station Road, Johnson City, TN 37615
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    Turnkey, Fully Leased 8-Unit Building
    $799,000
    0.17 Acres

    Turnkey, Fully Leased 8-Unit Building

    Fully leased 8-unit building with historic appeal and modern updates.

    Johnson City, TN 37604
    View details
    Land for Multifamily Units
    $79,900
    1.00 Acre

    Land for Multifamily Units

    Land suitable for multifamily development in Johnson City, Tennessee.

    Kingsport Highway, Johnson City, TN 37615
    View details
    Multifamily and Commercial Investment Opportunity
    $1,600,000
    7,800 SF

    Multifamily and Commercial Investment Opportunity

    Multifamily and commercial property with income potential in prime location.

    1412 Knob Creek Rd, Johnson City, TN 37604
    View details

    Gray, TN Residential Income Properties Investment Opportunities Market Analysis

    Explore 25 residential income properties for sale in Gray, TN, showcased through 25 active listings on our real estate platform. These investment opportunities span a total of 235,224 square feet of properties for sale, with an estimated market value of $1,275,000.

    Sale prices for residential income properties in Gray, TN start at $300,000, averaging $637,500, and reaching up to $975,000 — 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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    Popular Searches in Gray, TN

    Most Searched ZIP Codes in Gray, TN

    • 37604
    • 37615
    • 37601

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