Gray, TN Residential Income Properties for Sale

List

Map

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

28 properties

Sort:

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

View details

Updated: Jun 19

B-4 Zoned Commercial Land Tract

6089 Bristol Highway, Johnson City, TN 37659

$954,000

2,301 sqft 3.50 AC lot

3.5+/- acre commercial tract along Bristol Highway with traffic exceeding 30,000 vehicles per day
B‑4 zoning allowing a wide range of commercial uses, including retail, quick‑service restaurants, automotive sales, professional offices, hospitality, self‑storage, medical facilities, mixed‑use, and residential development
Access to Highway 11E and Interstate 26
Property includes an existing brick residence, detached garage, and pole barn
Utilities: public water and septic tank sewer; roof shingle with vinyl siding

View details

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.

View details

See what stands out in Washington County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

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.

View details

Updated Duplex with Level Yard

2426 Old Lewis Road, Johnson City, TN 37601

$310,000

1,524 sqft 0.40 AC lot

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

View details

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.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Renovated Mixed-Use Property

1412 Knob Creek Road, Johnson City, TN 37604

$1,600,000

10,991 sqft 1.30 AC lot

Combined multifamily and commercial improvements with renovated apartments, updated exterior work, and flexible owner-user potential.

View details

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.

View details

18-Unit Mobile Home Park

102 Claude Simmons Road, Johnson City, TN 37604

$1,199,000

5.21 AC lot

MHP-zoned community with park-owned homes, tenant-owned homes, and separately metered utility service.

View details

Creekside Residential Acreage

3239 Knob Creek Road, Johnson City, TN 37615

$165,000

1.00 AC lot

Single-acre property with frontage on Knob Creek Road and an existing farmhouse in poor condition.

View details

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.

View details

Investment Properties with Boone Lake Access

473 Rockingham Road, Johnson City, TN 37615

$539,000

0.53 AC lot

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

View details

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.

View details

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.

View details

Retail Building and Parcel Package

256 W Main Street, Johnson City, TN 37604

$275,000

2,565 sqft

Three-property package in B2 zoning, anchored by a longtime commercial building plus a residential fixer-upper and vacant lot.

View details

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.

View details

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.

View details

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.

View details

28-Unit Apartment Building

1547 Milligan Hwy, Johnson City, TN 37601

$2,650,000

Recent paving, deck work, unit updates, and exterior improvements enhance this multifamily property.

View details

Occupied Two-Story Quadplex

150 Joe Hale Drive -, Johnson City, TN 37615

$450,000

Fully occupied apartment property with stacked flats arranged across two levels.

View details

Renovated Duplex with Warehouse

1100 E Market St, Johnson City, TN 37601

Contact for pricing

2,400 sqft

Two refreshed residential units accompany a renovated warehouse with updated electrical and climate systems.

View details

Manufactured Home and RV Community

116 SPG CITY DR, Johnson City, TN 37601

Contact for pricing

5.90 AC lot

78-unit Spring City MHP & RV features tenant-owned homes, long-term RV lots, and shared paved roads with utility billbacks.

View details

Multifamily and Commercial Investment Opportunity

1412 Knob Creek Rd, Johnson City, TN 37604

Contact for pricing

7,800 sqft 1.00 AC lot

Multifamily and commercial property with income potential in prime location.

View details

Johnson City Multifamily Investment Opportunity

3411 W Walnut St, Johnson City, TN 37604

Contact for pricing

4,125 sqft

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

View details

Gray, TN Residential Income Properties Market Trends and Statistics

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 276,715 square feet of properties for sale, with an estimated market value of $14,403,900.

Sale prices for residential income properties in Gray, TN start at $165,000, averaging $847,288, and reaching up to $2,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

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)

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings