1419 Colony Park Drive, Johnson City, TN 37604
Local realty services provided by:CENTURY 21 Legacy
1419 Colony Park Drive,Johnson City, TN 37604
$1,115,000
- - Beds
- - Baths
- 3,144 sq. ft.
- Multi-family
- Active
Listed by: toni drumwright
Office: greater impact realty jonesborough
MLS#:9994608
Source:TNVA_MLS
Price summary
- Price:$1,115,000
- Price per sq. ft.:$354.64
About this home
8-Unit Multifamily Investment Opportunity
Now available--well-maintained 8-unit townhome-style complex in a prime Johnson City location offering strong occupancy and immediate income potential.
The property features eight 2-bedroom, 1.5-bath units, with a convenient half bath on the main level and full bath upstairs. Currently, 7 units are occupied with 1 unit intentionally left vacant for showings, providing easy access for prospective buyers without disrupting tenant stability.
Many units have been updated with new flooring, PEX plumbing, and updated appliances, offering a more modern feel while helping reduce ongoing maintenance. The property has been consistently cared for and presents a solid opportunity for investors seeking a stable, income-producing asset.
Ideally located just minutes from East Tennessee State University (ETSU), Johnson City Medical Center, and the VA Hospital, this property benefits from steady rental demand. Tenants also enjoy convenient access to grocery stores, everyday essentials, and downtown Johnson City dining and entertainment.
Highlights:
8 total units (2BR / 1.5BA townhome-style)
7 occupied, 1 vacant for showings
Updates in many units: flooring, PEX plumbing, appliances
Desirable layout with half bath on main level
Strong rental location near major employers and amenities
Consistent occupancy with investment upside
Whether you're expanding your portfolio or entering the multifamily space, this property offers a balanced combination of stability, location, and long-term potential.
Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information....
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Home facts
- Year built:1978
- Subdivision & Development:Not In Subdivision
- Listing ID #:9994608
- Added:137 day(s) ago
- Updated:September 13, 2026 at 03:37 PM
Rooms and interior
- Flooring:Luxury Vinyl
- Kitchen Description:Dishwasher, Range, Refrigerator
- Living area:3,144 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Heat Pump
Structure and exterior
- Year built:1978
- Building area:3,144 sq. ft.
- Architectural Style:Townhouse
- Construction Materials:Wood Siding
- Exterior Features:Balcony
- Foundation Description:Block
Schools
- High school:Science Hill
- Middle school:Liberty Bell
- Elementary school:Cherokee
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,115,000
- Price per sq. ft.:$354.64
Features and amenities
- Appliances:Dishwasher, Range, Refrigerator
Parking
- Parking description:Asphalt Driveway
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