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Gray, TN Residential Income Properties for Sale

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Jonesborough, TN Unicoi, TN Elizabethton, TN

28 results

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Versatile Mixed-Use Property, Johnson City

$364,500

2,470 SF

Versatile Mixed-Use Property, Johnson City

1306 Milligan Highway, Johnson City, TN 37601

Office, apartment, and lots on Milligan Highway.

Office building with apartment and two lots on Milligan Highway.
Functional office space with half bath.
Apartment with bathroom, kitchen/dining area, living room, laundry room, and separate access.
Mini‑split in the apartment.
Good size parking area with carport and easy access to Milligan Highway.

Updated: May 1

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$399,900

2,108 SF

Newer Duplex in Johnson City

216 Mckinley Church Road, Johnson City, TN 37604

Mint condition, fully leased duplex built in 2021.

Newer construction duplex built in 2021, offering a low‑maintenance investment.
Fully leased with strong return, generating solid cash flow.
Strategically positioned in the heart of Johnson City, right off W Market, providing convenient access to amenities.
Each unit features 2 bedrooms and 2 full bathrooms with durable LVP flooring, HVAC, laundry hookups, granite countertops, stainless steel appliances, and shaker‑style cabinetry.
Versatile investment property suitable for long‑term rentals, STRs, rent‑by‑the‑room (PadSplit), or owner‑occupancy.

Updated: Apr 24

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Johnson City Triple-Income Investment Property

$489,000

3,071 SF

Johnson City Triple-Income Investment Property

Versatile property with three income streams in Johnson City, Tennessee.

1004 N Barton Street, Johnson City, TN 37604

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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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Versatile Residential/Commercial Property in Johnson

$225,000

2,448 SF

Versatile Residential/Commercial Property in Johnson

Adaptable property suitable for various uses in a convenient location.

300 W Chilhowie 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

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Johnson City Multifamily Investment Opportunity

$825,000

1.47 Acres

Johnson City Multifamily Investment Opportunity

Four duplexes near Milligan College with mountain views.

900 Milligan Highway, Johnson City, TN 37601

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$589,900

3,750 SF

Turnkey Fourplex in Gray, TN

Remodeled four-unit property with strong rental income potential.

127 Patrick Lane, Gray, TN 37615

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$1,219,000

3,144 SF

Johnson City Multifamily Investment Opportunity

Well-maintained 8-unit complex near ETSU, medical facilities, and downtown.

1419 Colony Park Drive, Johnson City, TN 37604

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$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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$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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$449,000

1,764 SF

Three Unit Investment Property

Three residential units with strong income potential in Johnson City.

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

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$400,000

Multifamily Property Near ETSU

Fully occupied multifamily property in Johnson City, Tennessee, near ETSU.

510 Lamont Street, Johnson City, TN 37604

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$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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$450,000

Investment Property with Remodeled House

Remodeled house and duplex generating $40,308 annual gross income.

517 Nunley Drive, Johnson City, TN 37604

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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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$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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$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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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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$674,999

0.38 Acres

Johnson City Multifamily Investment Opportunity

Six-unit apartment building with value-add potential in Johnson City.

3411 W Walnut Street, Johnson City, TN 37604

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$349,900

2,064 SF

Johnson City Triplex For Sale

Triplex with three units, suitable for investors or owner-occupiers.

2305&2303 Abbott Drive, Johnson City, TN 37601

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$450,000

Four-Unit Apartment Complex Investment

Fully occupied four-unit apartment complex with income potential.

150 Joe Hale Drive, Johnson City, TN 37615

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$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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Contact for pricing

Johnson City Multifamily Portfolio

Value-add multifamily portfolio in the Tri-Cities region of Tennessee.

2202 S Greenwood Dr, Johnson City, TN 37604

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Gray, TN Residential Income Properties Investment Opportunities Market Analysis

Explore 32 residential income properties for sale in Gray, TN, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 150,495 square feet of properties for sale, with an estimated market value of $9,572,199.

Sale prices for residential income properties in Gray, TN start at $287,000, averaging $683,728, and reaching up to $1,600,000 — 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

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 median listing prices of real estate assets

Neighborhood	Average Price
Johnson City - 37615	$589.9K

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Gray, TN Residential Income Properties for Sale