$1,219,000

1419 Colony Park Drive, Johnson City, TN 37604

  • 3,144 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $388/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

8-Unit Multifamily Investment Opportunity Now available--well-maintained 8-unit townhome-style complex in a prime Johnson City location offering strong occupancy and immediate income potential. The property features eight 2-bedroom, 1.5-bath units, with a convenient half bath on the main level and full bath upstairs. Currently, 7 units are occupied with 1 unit intentionally left vacant for showings, providing easy access for prospective buyers without disrupting tenant stability. Many units have been updated with new flooring, PEX plumbing, and updated appliances, offering a more modern feel while helping reduce ongoing maintenance. The property has been consistently cared for and presents a solid opportunity for investors seeking a stable, income-producing asset. Ideally located just minutes from East Tennessee State University (ETSU), Johnson City Medical Center, and the VA Hospital, this property benefits from steady rental demand. Tenants also enjoy convenient access to grocery stores, everyday essentials, and downtown Johnson City dining and entertainment. Highlights: 8 total units (2BR / 1.5BA townhome-style) 7 occupied, 1 vacant for showings Updates in many units: flooring, PEX plumbing, appliances Desirable layout with half bath on main level Strong rental location near major employers and amenities Consistent occupancy with investment upside Whether you're expanding your portfolio or entering the multifamily space, this property offers a balanced combination of stability, location, and long-term potential. Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information.

Listing Status:
Active
Date Added:
April 29, 2026
Data Last Updated:
May 9, 2026 at 4:39PM
Listing Office:
Greater Impact Realty Jonesborough : 423-973-8634
Listing Agent:
Toni Drumwright : 423-430-0841
MLS ID:
9994608
  • Appliances: DishwasherRangeRefrigerator
  • Flooring: Luxury Vinyl
  • A/C: Heat Pump
  • Heating: Heat Pump
  • General: Balcony
  • Style: Townhouse
  • Parking: Asphalt
  • Roofing: Composition
  • General: Wood SidingTwoBlock
  • HOA Amenities: Landscaping
  • Originating MLS: Tennessee/Virginia Regional MLS
  • County: Washington
  • Zoning: R 4062a A 015.03
  • Water: Public
  • Sewer: Public Sewer
  • Source: Tennessee/Virginia Regional MLS

This listing courtesy of Toni Drumwright , Greater Impact Realty Jonesborough

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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