503 Leonard Street 1-4, Greeneville, TN 37745

• 2,016 sqft

Property Description

Excellent investment opportunity featuring four well-maintained 1-bedroom, 1-bath units, each approximately 500± SF. All units are in good condition and fully occupied, providing immediate rental income. Current gross monthly rents total $2,075, with all leases on a month-to-month basis, offering the opportunity to increase rents to current market rates. The property has been exceptionally maintained, including a new architectural roof and complete exterior repaint, both completed last year. Tenants pay their own electric, while the owner covers water/sewer (averaging approximately $60 per month), lawn care, and city-provided trash service. Each unit features in-wall A/C, baseboard heat, and an individual water heater. Two units also include washer hookups. This is a low-maintenance, value-add investment with strong upside potential.

Listing Status:

Active

Date Added:

August 6, 2026

Data Last Updated:

August 10, 2026 at 10:39PM

Listing Office:

Arbella Properties JC/FB : 423-446-8154

Listing Agent:

Tim Hensley : 423-446-8154

MLS ID:

9999174

Interior

• Basement: Crawl Space
• Flooring: CarpetHardwoodLaminateVinyl
• A/C: Window Unit(s)Wall Unit(s)
• Heating: Baseboard

Exterior

• Style: Other
• Parking: UnpavedShared Driveway

Construction

• Roofing: CompositionShingle
• Windows: Double Pane WindowsSingle Pane Windows
• General: Wood Siding1Block

Location

• Originating MLS: Tennessee/Virginia Regional MLS
• County: Greene

Lot

• Zoning: R3098d A 004.00

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Tennessee/Virginia Regional MLS