Johnson City, TN Residential Income Properties for Sale

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Updated: Jan 2

Retail Building and Parcel Package

256 W Main Street, Johnson City, TN 37604

$275,000

2,565 sqft

Three properties under $300K: a commercial building, residential fixer‑upper, and vacant lot – a single investment package.
Prime location near downtown Johnson City and ETSU.
2,500+ sq ft commercial building with excellent visibility and access, previously a successful business since 1962.
Residential fixer‑upper with potential for rental income, flipping, or personal renovation.
Vacant lot (approximately 0.50 acres) suitable for parking, expansion, or development.

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This listing looks promising.

Here's a quick look at some key insights for

256 W Main Street, Johnson City, TN 37604

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Est. Cap Rate

5.3%
NOI ÷ price
Est. NOI

$15K
Annual
Price @ 7% Cap

$207K
Suggested
Property Type

Retail Stores
Built 1905

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Updated: Mar 11

Two-Story Downtown Mixed-Use Building

140 W Market Street, Johnson City, TN 37604

$600,000

5,000 sqft 0.05 AC lot

Prime downtown Johnson City location with B2 zoning, suitable for retail, restaurants, office space, or studio apartments.
5000 sq. ft. building with a 2500 sq. ft. lower level for business use and a flexible 2nd floor for business or residential use.
Opportunity to acquire a well‑established business (ZZTopps) with equipment and inventory, in addition to the building.
Located in a revitalized downtown area with numerous parks, walking trails, restaurants, breweries, and festivals.
Close proximity to major employers including A.O. Smith, East Tennessee State University, Ballad Healthcare, and a large VA Medical Campus.

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Johnson City Multifamily Investment Opportunity

1419 Colony Park Drive, Johnson City, TN 37604

$1,219,000

3,144 sqft

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

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Updated Duplex with Level Yard

2426 Old Lewis Road, Johnson City, TN 37601

$325,000

1,524 sqft 0.40 AC lot

Two-unit duplex features updated interiors, outdoor sitting areas, and a gravel circle driveway for parking.

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8-Unit Townhome-Style Apartment Building

1419 Colony Park Drive, Johnson City, TN 37604

$1,219,000

3,144 sqft

Well-maintained eight-unit residential building with seven occupied townhome-style units and updates to multiple units.

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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.

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Newly Renovated Multifamily and Commercial

1412 Knob Creek Road, Johnson City, TN 37604

$1,600,000

10,991 sqft 1.30 AC lot

Portfolio includes eight renovated two-bedroom units with washer/dryer hookups and an adjacent commercial building.

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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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Income-Producing Residential Investment Opportunity

166-178 Gray Station Road, Johnson City, TN 37615

$599,000

99,999 sqft 3.70 AC lot

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

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Johnson City Mobile Home Park

102 Claude Simmons Road, Johnson City, TN 37604

$1,199,000

5.21 AC lot

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

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24-Unit Multifamily Apartment Building

1484 Milligan Hwy, Johnson City, TN 37601

$2,110,000

Value-add multifamily asset with 24 units, tenant-paid utilities, and recent exterior and unit improvements.

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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.

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Brick 10-Unit Apartment Building

2820 2822 Plymouth Road, Johnson City, TN 37601

$1,250,000

10 one-bedroom, one-level units with vaulted living areas and a low-maintenance brick exterior in Johnson City, TN.

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Brick 10-Unit Apartment Building

2822 Plymouth Road, Unit 2, Johnson City, TN 37601

$1,250,000

Ten one-bedroom units feature vaulted ceilings and one-level layouts in a low-maintenance brick exterior.

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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.

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Fully Rented Fourplex Investment

102 Osborne Private Drive, Johnson City, TN 37601

$400,000

A four-unit rental property with one 2-bedroom unit and three 1-bedroom units, minutes from regional colleges.

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Well-Maintained Duplex with Updates

610 East Unaka Avenue, Johnson City, TN 37601

$309,000

Updated duplex with two self-contained units, off-street parking, and a yard with back access.

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11.5-Acre Land with Pond

381 Possum Hollow Road, Johnson City, TN 37615

$360,000

11.50 AC lot

11.5-acre parcel in Washington County with a pond, pasture and wooded areas, plus existing trailer park infrastructure.

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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.

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Income-Producing Residential Investment Opportunity

166-178 Gray Station Road, Johnson City, TN 37615

$599,000

3.70 AC lot

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

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Mixed-Use Apartment and Retail Building

1412 Knob Crk Rd, Johnson City, TN 37604

Contact for pricing

12,848 sqft

Portfolio includes 8 renovated two-bedroom units plus an adjacent commercial building with a newly renovated exterior.

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Four-Unit Apartment Complex Investment

150 Joe Hale Drive, Johnson City, TN 37615

$450,000

Fully occupied four-unit apartment complex with income potential.

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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.

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Land for Multifamily Units

Kingsport Highway, Johnson City, TN 37615

$79,900

1.00 AC lot

Land suitable for multifamily development in Johnson City, Tennessee.

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Johnson City, TN Residential Income Properties Market Trends and Statistics

Explore 66 residential income properties for sale in Johnson City, TN, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 149,854 square feet of properties for sale, with an estimated market value of $16,446,700.

Sale prices for residential income properties in Johnson City, TN start at $79,900, averaging $747,577, and reaching up to $2,110,000 — 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 102K

Population Growth (5Y) +5.2%

Median Household Income $55,298

College Educated 39.0%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
37615	$437.8K
37604	$758.9K
37601	$856.6K

Listings Trend

New vs delisted commercial listings in Washington County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Johnson City fall within the 10,000 to 25,000 square foot range.

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