How Does Saved Listings Work?
To save a listing to your list of favorites, click into the listing you're interested in and simply click the "Save Listing" button from the listing details page.
You have now saved your listing!
To view your saved listings, click on the top " Saved Listings" link at the top of the screen near the menu. Save as many as you want and catalog them with this easy-to-use feature!
This feature works by storing an HTTP cookie on your machine to store and retrieve your list of favorites. To clear all favorite listings, simply clear out your browser's cookies (under the browser's settings).
1419 Colony Park Drive
Johnson City TN 37604
MLS #9994608 · Listing Courtesy of Greater Impact Realty Jonesborough
$1,219,000
Active
1978
Built
Property Description
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.
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9994608
Lot Dimensions158.14 X 249.34 IRR
City Taxes$2,831.99
County Taxes$3,513.02
Elementary SchoolCherokee
Middle SchoolLiberty Bell
High SchoolScience Hill
Features & Amenities
Asphalt
Average Condition
Balcony
Block Foundation
Composition Roof
Dishwasher
Drywall Walls
Heat Pump
Landscaping
Laundry
Lawn Maint
Level Lot
Luxury Vinyl Flooring
Property Management
Public Sewer
Public Water
Range
Refrigerator
Repairs and Maint
Satellite Dish
Sloped Lot
Townhouse
Two-Level
Water/Sewer
Wood Siding Exterior
Directions
From parkway, turn on Greenwood Dr, turn left on Colony, complex is towards the back on the left
-
Additional Information
Contract InfoForeclosureNoEasementsNoneYesGeneral Property DescriptionHOANoHome WarrantyNoTotal Units8ZoningR 4Location Tax Legal InfoDeed Book #1,133Deed Page #2,857Structure TypeMulti FamilyYesUnit 1# Bathrooms1# Bedrooms2# Half Baths2Monthly Rent1,100SqFt786Unit 2# Bathrooms1# Bedrooms2# Half Baths2Monthly Rent1,100SqFt786Unit 3# Bathrooms1# Bedrooms2Half Baths2Monthly Rent1,100SqFt786Unit 4# Bathrooms1# Bedrooms2Half Baths2Monthly Rent1,100SqFt786
Mortgage Calculator
Estimate your monthly payments!
Share This Listing
Want to see this property?
Fill out the form below!