$849,000
MLS# 9984005
1 / 29
Property Description
West Walnut Close to full completion and with all that is happening with the downtown improvements, why would you not want a turnkey rental? Opportunities to own an 8-plex on the Tree Streets don't come around often so act fast. The apartments have been historically referred to as ''The Hive''. It provides 8 unique layouts varying between 1 and 2 bedroom units. The time period of construction is reflected in the detail of this beautiful building with many units having exposed brick built-ins and vintage hardwood floors. The building has heating and air in all apartments with a combination of mini splits and window units when necessary. This fully occupied building has been Updated and the metal roof was installed in 2020. With all that downtown has to offer, the demand will remain high for this property. Internet, water and sewer are included in rent. Two units also have power included. Rent rolls and financials available upon request.
Details
Location, Tax & Legal Info
Lot #: 92
Parcel ID: 054c J 005.00
Block: 17
Deed Book #: 1106
Deed Page #: 1708
City Taxes: 2572.79
County Taxes: 3249
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 849000
Current Price: $849,000
Listing Date: 2025-08-03
General Property Description
Lot Dimensions: 50 X 151
Acres: 0.17
Zoning: R2
# Buildings: 1
Elementary School: South Side
# of Units: 8
Middle School: Indian Trail
Total Units: 8
High School: Science Hill
Stories: 2
HOA Y/N: No
Property Sub-Type: Multi Family
Year Built: 1913
Remarks & Misc
Public Remarks: West Walnut Close to full completion and with all that is happening with the downtown improvements, why would you not want a turnkey rental? Opportunities to own an 8-plex on the Tree Streets don't come around often so act fast. The apartments have been historically referred to as ''The Hive''. It provides 8 unique layouts varying between 1 and 2 bedroom units. The time period of construction is reflected in the detail of this beautiful building with many units having exposed brick built-ins and vintage hardwood floors. The building has heating and air in all apartments with a combination of mini splits and window units when necessary. This fully occupied building has been Updated and the metal roof was installed in 2020. With all that downtown has to offer, the demand will remain high for this property. Internet, water and sewer are included in rent. Two units also have power included. Rent rolls and financials available upon request.
Directions: University Blvd to Buffalo. Left on Maple Home on Right.
Property Condition
Average: 1
Income and Expenses
Vacancy Rate %: 0
Gross Annual Income: 94800
Exterior Finish
Brick: 1
Unit 1
# Units: 1
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 950
Unit 2
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 950
Style
Cluster: 1
Roof
Metal: 1
Unit 3
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 1100
Unit 4
# Units: 1
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 1000
Interior Features
Built-in Features: 1
Heating
Central: 1
Other: 1
AC
Central Air: 1
Window Unit(s): 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Cooktop: 1
Electric Range: 1
Refrigerator: 1
Topography/Lot Description
Sloped: 1
Flooring
Concrete: 1
Hardwood: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Deeded: 1
Porch/Patio/Deck
Deck: 1
Porch: 1
Structure Type
House: 1
Multi Family: 1
Location Tax Legal Info
County: Washington
State/Province: TN
Zip Code: 37604
Subdivision: Tree Streets
Property Features
Property Condition: Average
Style: Cluster
Exterior Finish: Brick
Interior Features: Built-in Features
Appliances: Cooktop; Electric Range; Refrigerator
Flooring: Concrete; Hardwood
Roof: Metal
Parking Features: Deeded
Heating: Central; Other
Water: Public
Sewer: Public Sewer
AC: Central Air; Window Unit(s)
Structure Type: House; Multi Family
Easements: None
Financing: Cash; Conventional
Listing Office: KW Johnson City
Last Updated: January - 13 - 2026
Information deemed reliable but not guaranteed.