$799,000
Johnson City, TN 37604
MLS# 9984005



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Property Description
Turnkey. Timeless. Fully Leased. Opportunities like this don't wait—and neither should you. Located steps from everything downtown offers, and positioned squarely in the path of continued revitalization, this fully occupied 8-unit asset delivers what investors are chasing right now: character, stability, and immediate income. Known locally as ''The Hive,'' this one-of-a-kind building offers eight distinct floor plans, ranging from one- and two-bedroom units—a rarity in a market flooded with cookie-cutter rentals. The craftsmanship of the era is unmistakable: exposed brick built-ins, vintage hardwood floors, and architectural details you simply cannot recreate today. This is authentic charm, not manufactured nostalgia. From an operational standpoint, the property checks every box. All units have heating and air, utilizing a blend of mini-splits and window units where appropriate. The building has been mostly updated, and the metal roof installed in 2020 provides peace of mind for years to come. This is not a value-add gamble—this is a turnkey performer. Demand here isn't speculative—it's proven. Downtown proximity keeps this property insulated from market swings and positions it for long-term durability. 8 units. Fully leased. Prime location. Historic appeal. Modern updates. Assets like this do not come to market often—and when they do, they move. 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: 799000
Current Price: $799,000
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: Turnkey. Timeless. Fully Leased. Opportunities like this don't wait—and neither should you. Located steps from everything downtown offers, and positioned squarely in the path of continued revitalization, this fully occupied 8-unit asset delivers what investors are chasing right now: character, stability, and immediate income. Known locally as ''The Hive,'' this one-of-a-kind building offers eight distinct floor plans, ranging from one- and two-bedroom units—a rarity in a market flooded with cookie-cutter rentals. The craftsmanship of the era is unmistakable: exposed brick built-ins, vintage hardwood floors, and architectural details you simply cannot recreate today. This is authentic charm, not manufactured nostalgia. From an operational standpoint, the property checks every box. All units have heating and air, utilizing a blend of mini-splits and window units where appropriate. The building has been mostly updated, and the metal roof installed in 2020 provides peace of mind for years to come. This is not a value-add gamble—this is a turnkey performer. Demand here isn't speculative—it's proven. Downtown proximity keeps this property insulated from market swings and positions it for long-term durability. 8 units. Fully leased. Prime location. Historic appeal. Modern updates. Assets like this do not come to market often—and when they do, they move. 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: 1050
Style
Cluster: 1
Roof
Metal: 1
Unit 3
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
Monthly Rent: 1200
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: February - 04 - 2026

Information deemed reliable but not guaranteed.


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