$1,219,000
1419 Colony Park Drive
Johnson City, TN 37604
MLS# 9994608
3144 sqft


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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.

Details
Maps
Location, Tax & Legal Info
Parcel ID: 062a A 015.03
Deed Book #: 1133
Deed Page #: 2857
City Taxes: 2831.99
County Taxes: 3513.02
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 1219000
Current Price: $1,219,000
Listing Date: 2026-04-27
General Property Description
Lot Dimensions: 158.14 X 249.34 IRR
Acres: 0
Zoning: R 4
Elementary School: Cherokee
Middle School: Liberty Bell
Total Units: 8
High School: Science Hill
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1978
Total SqFt: 3144
Remarks & Misc
Public Remarks: 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.
Directions: From parkway, turn on Greenwood Dr, turn left on Colony, complex is towards the back on the left
Property Condition
Average: 1
Exterior Finish
Wood Siding: 1
Unit 1
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 2
SqFt: 786
Monthly Rent: 1100
Unit 2
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 2
SqFt: 786
Monthly Rent: 1100
Other Equipment
Satellite Dish: 1
Style
Townhouse: 1
Roof
Composition: 1
Unit 3
# Bedrooms: 2
# Bathrooms: 1
Half Baths: 2
SqFt: 786
Monthly Rent: 1100
Levels
Two: 1
Unit 4
# Bedrooms: 2
# Bathrooms: 1
Half Baths: 2
SqFt: 786
Monthly Rent: 1100
Amenities
Landscaping: 1
Exterior Features
Balcony: 1
Heating
Heat Pump: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Topography/Lot Description
Level: 1
Sloped: 1
Flooring
Luxury Vinyl: 1
Easements
None: 1
Parking Features
Asphalt: 1
Other Rooms
Laundry: 1
Walls
Drywall: 1
Foundation
Block: 1
Structure Type
Multi Family: 1
Expenses Include
Lawn Maint: 1
Property Management: 1
Repairs and Maint: 1
Water/Sewer: 1
Location Tax Legal Info
Street #: 1419
Street Name: Colony Park
St Suffix: Drive
County: Washington
State/Province: TN
Zip Code: 37604
Subdivision: Not In Subdivision
Property Features
Property Condition: Average
Style: Townhouse
Levels: Two
Exterior Finish: Wood Siding
Amenities: Landscaping
Exterior Features: Balcony
Appliances: Dishwasher; Range; Refrigerator
Other Equipment: Satellite Dish
Flooring: Luxury Vinyl
Roof: Composition
Other Rooms: Laundry
Parking Features: Asphalt
Heating: Heat Pump
Water: Public
Sewer: Public Sewer
Foundation: Block
AC: Heat Pump
Structure Type: Multi Family
Walls: Drywall
Easements: None
Expenses Include: Lawn Maint; Property Management; Repairs and Maint; Water/Sewer

Listing Office: Greater Impact Realty Jonesborough

Last Updated: April - 29 - 2026

Information deemed reliable but not guaranteed.


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