Sold for $2,800,000

$2,800,000

1400 Orleans St, Johnson City, TN 37601

--beds

0baths

35,076sqft

Multi Family

Built in 2006

-- sqft lot

$-- Zestimate^®

$80/sqft

$1,234 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,234/mo

Zestimate^® history

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$12,934/mo

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$12,934/mo

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What's special

Located in Johnson City, TN, Orleans Terrace was built in 2006 and is comprised of 36 units. This affordable apartment community is 97% occupied and has a unit mix consisting of 1, 2, and 3 bedroom units. Community amenities include disability access, playground, and emergency maintenance. Each unit has washer / dryer hookups. Orleans Terrace is currently facing an average rental deficit of $200 per unit when compared to the maximum rent limits set by HUD. This property is part of a 148 unit, three property LIHTC portfolio being sold in East Tennessee.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Central

Cooling

Central Air

Features

Flooring: Carpet, Tile

Interior area

Total structure area: 35,076
Total interior livable area: 35,076 sqft

Property

Parking

Parking features: On Premise Parking

Details

Parcel number: 047I J 015.00

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

Year built: 2006

Community & HOA

Community

Subdivision: Orleans Terrace

Location

Region: Johnson City

Financial & listing details

Price per square foot: $80/sqft
Tax assessed value: $1,890,000
Annual tax amount: $23,349
Date on market: 3/10/2025
Listing terms: New Loan,Cash,Conventional

Price history

Date	Event	Price
7/7/2025	Sold	$2,800,000-8.5%$80/sqft
Source: East Tennessee Realtors #1292776 Report a problem
5/16/2025	Pending sale	$3,060,000$87/sqft
Source: East Tennessee Realtors #1292776 Report a problem
3/10/2025	Listed for sale	$3,060,000+61.9%$87/sqft
Source: East Tennessee Realtors #1292776 Report a problem
1/8/2024	Sold	$1,890,000+63.6%$54/sqft
Source: Public Record Report a problem
6/17/2020	Sold	$1,155,000+1891.4%$33/sqft
Source: Public Record Report a problem
6/16/2005	Sold	$58,000$2/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$23,349 -44.5%	$756,000 -44.9%
2024	$42,036 +114.2%	$1,371,880 +188.7%
2023	$19,626 +6.4%	$475,200
2022	$18,438	$475,200
2021	$18,438 +0.5%	$475,200
2020	$18,343 -8%	$475,200
2019	$19,931	$475,200 +13.2%
2018	--	$419,840
2017	$17,926	$419,840
2016	$17,926 +10.9%	$419,840
2015	$16,163 -30.8%	$419,840 -35.3%
2014	$23,344 -24.4%	$648,480 -26.9%
2011	$30,898 +0.9%	$886,880
2010	$30,632	$886,880
2009	$30,632 +2388.2%	$886,880 +2731.2%
2006	$1,231 +144.5%	$31,325 +136.4%
2004	$504 +0.1%	$13,250 +7.5%
2003	$503	$12,325 +0.1%
2001	--	$12,316 -75%
2000	--	$49,263