$449,000
Johnson City, TN 37604
MLS# 9985865
1764 sqft
1 / 35
Property Description
Investor's Dream!! 3 Units, Strong Cash Flow & Endless Possibilities! This unique property offers three separate rental units with excellent income potential. The duplex features brick and metal exterior and includes a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, both updated inside. Kitchen offers oak cabinetry with upgraded appliances. Flooring throughout is stained concrete with tile in the baths. Natural gas water heater and gas logs in duplex units. All bedrooms have ceiling fans. A separate 3-bedroom/2-bath double wide provides even more rental versatility with plenty of living space. With a mix of unit sizes, this property appeals to a wide range of tenants and delivers consistent rental income. Whether you're expanding your investment portfolio or searching for a strong cash-flow property, this one checks all the boxes! NO city taxes! 3536 W. Walnut: -Unit #1 is a 2 bedroom 1 bath unit renting for $1350.00 per month. Includes power, gas, and water. -Unit #2 is a 1 bedroom 1 bath unit renting for $1050.00 per month. Includes power, gas, and water. 3538 W. Walnut: -3 bedroom 2 bath renting for $1515.00 per month and includes power, gas, and water. All 3 units are on 1 parcel. Duplex and double wide have separate water meters. UNITS ARE ALL OCCUPIED, PLEASE ALLOW 24 HOUR NOTICE FOR SHOWINGS. NO SIGN OR LOCKBOX
Details
Maps
Location, Tax & Legal Info
Lot #: 4
Parcel ID: 053j A 015.00
Deed Book #: 1098
Deed Page #: 2549
City Taxes: 0
County Taxes: 892.19
Contract Info
List Price/SqFt: 254.54
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 449000
Current Price: $449,000
Listing Date: 2025-09-16
General Property Description
Lot Dimensions: 0
Acres: 1.11
Zoning: residential
# Buildings: 2
Elementary School: Jonesborough
Middle School: Jonesborough
Total Units: 3
High School: David Crockett
Senior Community YN: No
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1940
Total SqFt: 1764
Remarks & Misc
Public Remarks: Investor's Dream!! 3 Units, Strong Cash Flow & Endless Possibilities! This unique property offers three separate rental units with excellent income potential. The duplex features brick and metal exterior and includes a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, both updated inside. Kitchen offers oak cabinetry with upgraded appliances. Flooring throughout is stained concrete with tile in the baths. Natural gas water heater and gas logs in duplex units. All bedrooms have ceiling fans. A separate 3-bedroom/2-bath double wide provides even more rental versatility with plenty of living space.
With a mix of unit sizes, this property appeals to a wide range of tenants and delivers consistent rental income. Whether you're expanding your investment portfolio or searching for a strong cash-flow property, this one checks all the boxes! NO city taxes!
3536 W. Walnut:
-Unit #1 is a 2 bedroom 1 bath unit renting for $1350.00 per month. Includes power, gas, and water.
-Unit #2 is a 1 bedroom 1 bath unit renting for $1050.00 per month. Includes power, gas, and water.
3538 W. Walnut:
-3 bedroom 2 bath renting for $1515.00 per month and includes power, gas, and water.
All 3 units are on 1 parcel. Duplex and double wide have separate water meters.
UNITS ARE ALL OCCUPIED, PLEASE ALLOW 24 HOUR NOTICE FOR SHOWINGS.
NO SIGN OR LOCKBOX
Directions: From State of Franklin, take W Walnut Street for approximately 3 miles. Property will be on the right. GPS friendly. NO SIGN
Property Condition
Above Average: 1
Other Structures
Shed(s): 1
Storage: 1
Exterior Finish
Brick: 1
Metal Siding: 1
Vinyl Siding: 1
Unit 1
# Units: 1
# Rooms: 5
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 1350
Unit 2
# Units: 1
# Rooms: 4
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 1050
Style
Duplex: 1
Other: 1
Roof
Shingle: 1
Unit 3
# Units: 1
# Bedrooms: 3
# Bathrooms: 2
SqFt: 1764
Monthly Rent: 1550
Levels
One: 1
Interior Features
Kitchen/Dining Combo: 1
Laminate Counters: 1
Open Floorplan: 1
Primary Downstairs: 1
Remodeled: 1
Amenities
Landscaping: 1
Heating
Heat Pump: 1
AC
Ceiling Fan(s): 1
Heat Pump: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Available: 1
Water
Public: 1
Sewer
Septic Tank: 1
Appliances
Dishwasher: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Topography/Lot Description
Cleared: 1
Flooring
Concrete: 1
Laminate: 1
Tile: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Security Features
Smoke Detector(s): 1
Parking Features
Asphalt: 1
Driveway: 1
Other Rooms
Laundry: 1
Primary Bathroom: 1
Primary Bedroom: 1
Porch/Patio/Deck
Front Porch: 1
Rear Patio: 1
Structure Type
Duplex: 1
Manufactured House: 1
Multi Family: 1
Expenses Include
Utilities: 1
Location Tax Legal Info
Street #: 3536/3538
St Direction: West
Street Name: Walnut
St Suffix: Street
County: Washington
State/Province: TN
Zip Code: 37604
Property Features
Property Condition: Above Average
Style: Duplex; Other
Levels: One
Exterior Finish: Brick; Metal Siding; Vinyl Siding
Amenities: Landscaping
Interior Features: Kitchen/Dining Combo; Laminate Counters; Open Floorplan; Primary Downstairs; Remodeled
Appliances: Dishwasher; Electric Range; Microwave; Refrigerator
Security Features: Smoke Detector(s)
Flooring: Concrete; Laminate; Tile
Roof: Shingle
Other Rooms: Laundry; Primary Bathroom; Primary Bedroom
Parking Features: Asphalt; Driveway
Other Structures: Shed(s); Storage
Heating: Heat Pump
Water: Public
Sewer: Septic Tank
AC: Ceiling Fan(s); Heat Pump
Utilities: Cable Connected; Electricity Connected; Natural Gas Available
Structure Type: Duplex; Manufactured House; Multi Family
Easements: None
Financing: Cash; Conventional
Expenses Include: Utilities
Listing Office: Property Executives Johnson City
Last Updated: May - 07 - 2026
Information deemed reliable but not guaranteed.