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1419 Colony Park Drive, Johnson City, TN 37604

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For Sale

$1,300,000

8 beds • 4 baths • 2 half baths • 3,144 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $413.49
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Presenting 1419 Colony Park - a fully renovated 8-unit multifamily property located in the heart of Johnson City, TN. This stabilized asset offers a rare opportunity to acquire a low-maintenance, cash-flowing investment in one of East Tennessee's most desirable rental markets. The property has undergone extensive recent improvements, including a new roof, updated gutters, fresh exterior paint, and full plumbing upgrades to PEX in most units. Multiple units have been modernized with updated flooring, appliances, fixtures, and fresh interior finishes. Foundation stabilization, landscaping, and tree removal have also been completed, enhancing both structural integrity and curb appeal. Located just minutes from East Tennessee State University and Johnson City Medical Center, the property benefits from strong, consistent tenant demand from students, healthcare professionals, and long-term renters. Proximity to shopping, dining, and major employers adds to its desirability. Highlights: 8 fully rented units with upside in rent growth Major renovations completed-minimal deferred maintenance Strong tenant base and location-driven demand Less than 5 minutes to ETSU and Johnson City Medical Center Located in a high-demand rental corridor with long-term growth potential This is a plug-and-play investment opportunity ideal for both new and experienced multifamily investors looking for stable cash flow and long-term appreciation. Contact today for rent roll, financials, and private tour scheduling.
MLS# 9984195

Courtesy Of True North Real Estate

(423) 210-4155

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Dishwasher, Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Vinyl
  • Lot Size
    0.9 Acres

Map and Directions

Directions to 1419 Colony Park Drive, Johnson City, TN 37604

Home seller CENTURY 21 Legacy

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Legacy

(423) 639-6781
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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.