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Rare Investment Opportunity Near Historic Downtown Jonesborough! Fantastic opportunity to own a fully occupied 8-unit apartment property in an incredible location within walking distance of charming historic downtown Jonesborough. Each unit offers 2 bedrooms and 1 full bath, a fully equipped kitchen, washer and dryer hookups, luxury vinyl flooring, and window blinds. All 8 units are currently rented, providing immediate rental income with potential for future rent increases. 5 units are equipped with mini-split heating and cooling systems, while the remaining 3 have window air-conditioning units. A new roof was installed in 2020, adding to the property's appeal and long-term value. The location is truly hard to beat! Residents can walk to historic downtown Jonesborough to enjoy its restaurants, shops, community events, and small-town charm. The property is also within walking distance of the Jonesborough Senior Center and conveniently located near a public pickleball court, adding even more recreational opportunities nearby. Plus, Johnson City and the surrounding Tri-Cities area are just a short drive away. Whether you're looking to expand your investment portfolio or add a fully occupied multifamily property with future income potential, this 8-plex offers an outstanding combination of location, occupancy, and opportunity. Rent rolls for all 8 units attached
| DAYS ON MARKET | 7 | LAST UPDATED | 8/14/2026 |
|---|---|---|---|
| YEAR BUILT | 1980 | COMMUNITY | 309 - Jonesborough/The Ridges Subdiv |
| COUNTY | Washington | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Jonesborough |
|---|---|
| Jr. High School | Jonesborough |
| High School | David Crockett |
| ADDITIONAL DETAILS | |
| AIR | Other, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Range, Refrigerator |
| AREA | 309 - Jonesborough/The Ridges Subdiv |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Other |
| LOT | 0.52 acre(s) |
| LOT DIMENSIONS | 180 x 126 irr |
| PARKING | Asphalt |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Other |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Coldwell Banker Security Real Estate
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.