$499,000
Jonesborough, TN 37659
MLS# 9991719
1 / 81
Property Description
Are you looking for an investment property with immediate income potential? This well positioned four-plex sits at the edge of Tennessee's oldest town, offering a strong investment opportunity and rental appeal. The property currently features four established rental units. Three units are tenant-occupied with active leases in place. The fourth is owner-occupied and could be leased after June. (Third party resources were used for information purposes, Buyer to verify.) There is also potential to convert additional space into a fifth unit ideal for a short-term rental. Multiple income streams, expansion opportunity, historic downtown location, flexible rental strategy. Please refer to the uploaded floor plans for detailed layouts and unit configurations. There is an extra lot in the back on the units for expansion purposes. (Third party resources were used for research, Buyer to verify.)
Details
Maps
Location, Tax & Legal Info
Parcel ID: 052 26700 000
Deed Book #: 1097
Deed Page #: 2369
City Taxes: 2038.06
County Taxes: 2810.56
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 499000
Current Price: $499,000
Listing Date: 2026-02-28
General Property Description
Lot Dimensions: 0
Acres: 1.84
Zoning: res
Elementary School: Jonesborough
Middle School: Jonesborough
Total Units: 20
High School: David Crockett
HOA Y/N: No
Property Sub-Type: Quadruplex
Year Built: 1960
Remarks & Misc
Public Remarks: Are you looking for an investment property with immediate income potential? This well positioned four-plex sits at the edge of Tennessee's oldest town, offering a strong investment opportunity and rental appeal. The property currently features four established rental units. Three units are tenant-occupied with active leases in place. The fourth is owner-occupied and could be leased after June. (Third party resources were used for information purposes, Buyer to verify.)
There is also potential to convert additional space into a fifth unit ideal for a short-term rental.
Multiple income streams, expansion opportunity, historic downtown location, flexible rental strategy.
Please refer to the uploaded floor plans for detailed layouts and unit configurations.
There is an extra lot in the back on the units for expansion purposes. (Third party resources were used for research, Buyer to verify.)
Directions: Go through Main Street in Jonesborough heading towards Wet Lands. You will find the units on the right, See sign.
Property Condition
Average: 1
Exterior Finish
Vinyl Siding: 1
Unit 1
# Units: 1
# Bedrooms: 1
Monthly Rent: 1135
Unit 2
# Units: 2
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 1
Monthly Rent: 1000
Style
Other: 1
See Remarks: 1
Roof
Asphalt: 1
Unit 3
# Units: 3
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 900
Levels
Two: 1
Unit 4
# Units: 4
# Bedrooms: 3
# Bathrooms: 1
Window Features
Double Pane Windows: 1
Heating
Central: 1
AC
Central Air: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Level: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Unpaved: 1
Walls
Drywall: 1
Structure Type
Multi Family: 1
Quadruplex: 1
Location Tax Legal Info
Street #: 702
St Direction: West
Street Name: Main
St Suffix: Street
County: Washington
State/Province: TN
Zip Code: 37659
Subdivision: Not Listed
Property Features
Property Condition: Average
Style: Other; See Remarks
Levels: Two
Exterior Finish: Vinyl Siding
Appliances: Electric Range; Refrigerator
Roof: Asphalt
Parking Features: Unpaved
Heating: Central
Water: Public
Window Features: Double Pane Windows
Sewer: Public Sewer
AC: Central Air
Structure Type: Multi Family; Quadruplex
Walls: Drywall
Easements: None
Financing: Cash; Conventional
Listing Office: Debby Gibson Real Estate
Last Updated: March - 01 - 2026
Information deemed reliable but not guaranteed.