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Gray, TN

Residential Income

Gray, TN Residential Income Properties for Sale

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Elizabethton, TN Jonesborough, TN Unicoi, TN Piney Flats, TN Watauga, TN Hampton, TN Erwin, TN Telford, TN

26 properties

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16-Unit Apartment Building Portfolio

Updated: Sep 9

16-Unit Apartment Building Portfolio

204 E Watauga Avenue, Johnson City, TN 37601

$1,590,000

8,942 sqft

16 fully occupied apartments across 3 separate buildings
8,942 square feet on 3 properties at 200, 204, and 206 E Watauga Avenue
Unit mix includes fifteen 1‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment
Six units fully remodeled with updated finishes, appliances, cabinetry, and PTAC units as needed
Ground‑level laundry room at 206 E Watauga Avenue; leased washer and dryer may be assumed

Three-Unit Triplex Property

Updated: Sep 1

Three-Unit Triplex Property

3536/3538 W Walnut Street, Johnson City, TN 37604

$449,000

1,764 sqft 1.11 AC lot

Three rental units on one 1.11‑acre parcel
Unit mix includes 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and 3‑bedroom/2‑bath layouts
Duplex and double wide have separate water meters
All 3 units are occupied
Updated duplex interiors with oak cabinetry and upgraded appliances

Duplex With Detached Cottage

Duplex With Detached Cottage

809 Ridgecrest Road, Johnson City, TN 37604

$485,000

2,824 sqft 0.48 AC lot

Three distinct living spaces support student housing, multigenerational use, or an owner-occupant arrangement.

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Multifamily Property with Cottage

Multifamily Property with Cottage

809 Ridgecrest Rd, Johnson City, TN 37604

$485,000

2,824 sqft

Three living areas offer flexible rental configurations with separate HVAC and power metering for each space.

8-Unit Townhome-Style Apartment Building

8-Unit Townhome-Style Apartment Building

1419 Colony Park Drive, Johnson City, TN 37604

$1,115,000

3,144 sqft

Multifamily property with updated interiors, public utilities, and convenient access to Johnson City employers and daily services.

Updated Duplex with Level Yard

Updated Duplex with Level Yard

2426 Old Lewis Road, Johnson City, TN 37601

$299,900

1,524 sqft 0.40 AC lot

Two residences offer remodeled interiors, open living areas, outdoor seating, and driveway parking.

Commercial Land with Road Frontage

Commercial Land with Road Frontage

5207 N Roan Street, Gray, TN 37615

$949,900

1,762 sqft 3.70 AC lot

Commercial-zoned land totaling 3.7 acres with substantial road frontage and an on-site brick ranch home.

Three-Unit Multifamily Property

Three-Unit Multifamily Property

3536/3538 West Walnut St, Johnson City, TN 37604

$449,000

1,764 sqft

Occupied rental property combining an updated duplex with a separate double-wide residence on one parcel.

Duplex with Separate Meters

Duplex with Separate Meters

812 Hamilton Street, Johnson City, TN 37604

$145,000

1,814 sqft

Two residences have individual electric and water meters, with covered porches serving both living spaces.

Two-Unit Duplex with Private Entrances

Two-Unit Duplex with Private Entrances

1103 High Street, Johnson City, TN 37604

$325,000

1,790 sqft 0.17 AC lot

Each residence includes a private entrance, covered porch, and separate rear deck.

18-Unit Mobile Home Park

18-Unit Mobile Home Park

102 Claude Simmons Road, Johnson City, TN 37604

$1,199,000

226,947 sqft

MHP-zoned community with separately metered lots and a mix of park- and tenant-owned homes.

18-Unit Mobile Home Park

18-Unit Mobile Home Park

102 Claude Simmons Road, Johnson City, TN 37604

$1,199,000

5.21 AC lot

MHP-zoned community with separately metered lots and a mix of park- and tenant-owned homes.

6-Unit Apartment Building

6-Unit Apartment Building

3411 W Walnut Street, Johnson City, TN 37604

$720,000

The six apartments offer a mix of one- and two-bedroom layouts near East Tennessee State University and regional medical facilities.

Updated Short-Term Rental Property

Updated Short-Term Rental Property

143 Watauga Flats Road, Johnson City, TN 37601

Contact for pricing

3,190 sqft

Three-bedroom rental home with solar panels, two barns, fenced areas, and an established orchard on a spacious rural holding.

13.64 Acres in Johnson City

13.64 Acres in Johnson City

113 Mcinturff Lane, Johnson City, TN 37604

$489,900

13.64 AC lot

Rare acreage near the interstate with development potential.

10-Unit Apartment Building

10-Unit Apartment Building

2820 2822 Plymouth Road, Johnson City, TN 37601

$1,250,000

Single-level one-bedroom units offer vaulted living areas with central heating and air conditioning.

Multifamily Property with Detached ADU

Multifamily Property with Detached ADU

Johnson City, TN 37604

$495,000

0.77 AC lot

Two structures offer separated living spaces suitable for long-term, mid-term, or short-term rental configurations.

Fully Rented Quadplex

Fully Rented Quadplex

102 Osborne Private Drive, Johnson City, TN 37601

$400,000

Residential income property with a two-bedroom unit, three one-bedroom units, and established occupancy.

10-Unit Apartment Building

10-Unit Apartment Building

2820 Plymouth Road, Johnson City, TN 37601

Contact for pricing

3,750 sqft

Brick construction with vaulted living areas and single-level one-bedroom floor plans.

Four-Unit Stacked-Flat Quadplex

Four-Unit Stacked-Flat Quadplex

150 Joe Hale Drive, Johnson City, TN 37615

$450,000

Fully occupied quadplex with two-story stacked flats and landlord-paid lawn maintenance, electric, and water.

Duplex with Private Entrances

Duplex with Private Entrances

1103 High St, Johnson City, TN 37604

$325,000

1,790 sqft

Each residence has two bedrooms, two bathrooms, and its own outdoor area.

Residential Land Parcel with Farmhouse

Residential Land Parcel with Farmhouse

Moss Creek Dr. Road lot: 5, Johnson City, TN 37604

$599,000

5.43 AC lot

A 5.43-acre residential parcel in Hayes Estates with an existing brick ranch farmhouse and natural spring and mature trees.

Two-Unit Duplex

Two-Unit Duplex

812 Hamilton St, Johnson City, TN 37604

$145,000

1,814 sqft

A main-level residence and a separate basement living area create a two-part configuration.

Four-Unit Multifamily Property

Four-Unit Multifamily Property

510 LAMONT ST, Johnson City, TN 37604

Contact for pricing

2,688 sqft

Four-unit multifamily building offered for sale with a total size of 2,688 square feet.

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Gray, TN Residential Income Properties Market Trends and Statistics

Explore 30 residential income properties for sale in Gray, TN, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 276,131 square feet of properties for sale, with an estimated market value of $14,014,700.

Sale prices for residential investment properties in Gray, TN start at $145,000, averaging $637,031, and reaching up to $1,590,000 — 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

Demographics Overview

Population 22K

Population Growth (5Y) +0.9%

Median Household Income $75,556

College Educated 57.0%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
Johnson City - 37615	$949.9K

Listings Trend

New vs delisted commercial listings in Washington County

New Delisted

Total CRE Inventory on Market (SF)

How Realmo verifies these figures

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