Pending

Price cut: $10K (8/25)

$285,000

503 Leonard St #1-4, Greeneville, TN 37745

4beds

4baths

2,016sqft

$1,887/mo

Get pre-qualified

Multi Family

Built in 1980

-- sqft lot

$270,100 Zestimate^®

$141/sqft

$-- HOA

What's special

Baseboard heatNew architectural roofComplete exterior repaintIndividual water heater

Excellent investment opportunity featuring four well-maintained 1-bedroom, 1-bath units, each approximately 500± SF. All units are in good condition and fully occupied, providing immediate rental income. Current gross monthly rents total $2,075, with all leases on a month-to-month basis, offering the opportunity to increase rents to current market rates. The property has been exceptionally maintained, including a new architectural roof and complete exterior repaint, both completed last year. Tenants pay their own electric, while the owner covers water/sewer (averaging approximately $60 per month), lawn care, and city-provided trash service. Each unit features in-wall A/C, baseboard heat, and an individual water heater. Two units also include washer hookups. This is a low-maintenance, value-add investment with strong upside potential.

61 days
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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Baseboard

Cooling

Wall Unit(s), Window Unit(s)

Features

Flooring: Vinyl, Carpet, Hardwood, Laminate
Windows: Double Pane Windows, Single Pane Windows
Basement: Crawl Space

Interior area

Total structure area: 2,016
Total interior livable area: 2,016 sqft

Property

Parking

Parking features: Unpaved, Shared Driveway
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Front Porch

Lot

Size: 0.49 Acres
Dimensions: 318.98 x 161 IRR
Topography: Sloped, Cleared

Details

Parcel number: 098d A 004.00
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Wood Siding
Foundation: Block
Roof: Composition,Shingle

Condition

Year built: 1980

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Greeneville

Financial & listing details

Price per square foot: $141/sqft
Date on market: 8/6/2026
Listing terms: Cash,Conventional

Estimated market value

$270,100

$257,000 - $284,000

$1,083/mo

Price history

Date	Event	Price
9/6/2026	Pending sale	$285,000$141/sqft
Source: TVRMLS #9999174 Report a problem
8/25/2026	Price change	$285,000-3.4%$141/sqft
Source: TVRMLS #9999174 Report a problem
8/6/2026	Listed for sale	$295,000$146/sqft
Source: TVRMLS #9999174 Report a problem