$665,000
Elizabethton, TN 37643
MLS# 9981280
Status: Closed
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Property Description
Turn-Key 9-Unit Multifamily Investment Across from West Side Elementary Welcome to 1411 W G Street, a fully stabilized and meticulously maintained 9-unit multifamily property ideally located in the heart of Elizabethton, Tennessee. Situated directly across from West Side Elementary School, this high-visibility, in-town location offers both convenience and long-term tenant appeal. The property has undergone numerous capital improvements, including a new roof installed approximately 18 months ago, updated electrical and plumbing systems, modern siding, and energy-efficient windows. Of the seven HVAC systems serving the building, five are only nine years old, ensuring low maintenance and comfortable living conditions for residents. The building is currently operating at 100% occupancy with zero delinquency, making it a truly turn-key investment opportunity. Tenants enjoy spacious, well-kept units and a location just minutes from downtown Elizabethton, retail centers, and public transit. The property sits on a 0.34-acre lot. Zoned for high-density residential or possible commercial use, this asset is ideally suited for investors looking for strong cash flow in a growing market. With all major systems updated and no immediate deferred maintenance, this is a rare chance to acquire a stabilized property with excellent in-place income. The current rent roll brings in $6040/month and will update to $6525 starting July 1st.
Details
Maps
Location, Tax & Legal Info
Lot #: PT 1
Parcel ID: 040l D 047.00
Block: 0003
Deed Book #: 299
Deed Page #: 658
City Taxes: 1492.26
County Taxes: 1971.59
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 659000
Current Price: $665,000
Listing Date: 2025-06-06
General Property Description
Lot Dimensions: 73x200 IRR
Acres: 0.34
Zoning: R3
# Buildings: 2
Elementary School: West Side
# of Units: 9
Middle School: T A Dugger
Total Units: 9
High School: Elizabethton
Stories: 1
Senior Community YN: No
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1980
Remarks & Misc
Public Remarks: Turn-Key 9-Unit Multifamily Investment Across from West Side Elementary
Welcome to 1411 W G Street, a fully stabilized and meticulously maintained 9-unit multifamily property ideally located in the heart of Elizabethton, Tennessee. Situated directly across from West Side Elementary School, this high-visibility, in-town location offers both convenience and long-term tenant appeal.
The property has undergone numerous capital improvements, including a new roof installed approximately 18 months ago, updated electrical and plumbing systems, modern siding, and energy-efficient windows. Of the seven HVAC systems serving the building, five are only nine years old, ensuring low maintenance and comfortable living conditions for residents.
The building is currently operating at 100% occupancy with zero delinquency, making it a truly turn-key investment opportunity. Tenants enjoy spacious, well-kept units and a location just minutes from downtown Elizabethton, retail centers, and public transit. The property sits on a 0.34-acre lot.
Zoned for high-density residential or possible commercial use, this asset is ideally suited for investors looking for strong cash flow in a growing market. With all major systems updated and no immediate deferred maintenance, this is a rare chance to acquire a stabilized property with excellent in-place income. The current rent roll brings in $6040/month and will update to $6525 starting July 1st.
Directions: Start on I-26 E / US-19W S from central Johnson City.
Take Exit 24 for TN-67 E toward Elizabethton.
Continue on TN-67 E for about 6.5 miles into Elizabethton.
Turn left onto West G Street.
Continu
Property Condition
Above Average: 1
Income and Expenses
Annual Operating Expenses: 78300
Annual Utility Expenses: 3280
Vacancy Rate %: 0
Exterior Finish
Vinyl Siding: 1
Unit 1
Monthly Rent: 700
Unit 2
Monthly Rent: 700
Style
Contemporary: 1
Roof
Metal: 1
Unit 3
Monthly Rent: 650
Levels
One: 1
Unit 4
Monthly Rent: 650
Window Features
Double Pane Windows: 1
Heating
Central: 1
AC
Central Air: 1
Wall Unit(s): 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Cleared: 1
Easements
None: 1
Basement
Crawl Space: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Asphalt: 1
Other Rooms
Utility Room: 1
Porch/Patio/Deck
Front Porch: 1
Walls
Drywall: 1
Structure Type
Multi Family: 1
Location Tax Legal Info
Street #: 1411
St Direction: West
Street Name: G
St Suffix: Street
County: Carter
State/Province: TN
Zip Code: 37643
Status Change Info
Date Pending: 2025-06-20
Sold Date: 2025-08-15
Sold Price: $665,000
Property Features
Property Condition: Above Average
Style: Contemporary
Levels: One
Exterior Finish: Vinyl Siding
Roof: Metal
Other Rooms: Utility Room
Parking Features: Asphalt
Heating: Central
Water: Public
Window Features: Double Pane Windows
Sewer: Public Sewer
Basement: Crawl Space
AC: Central Air; Wall Unit(s)
Structure Type: Multi Family
Walls: Drywall
Easements: None
Financing: Cash; Conventional
Listing Office: CENTURY 21 Legacy
Last Updated: December - 05 - 2025
Information deemed reliable but not guaranteed.