For sale

$295,000

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

4beds

4baths

2,016sqft

$1,750/mo

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Multi Family

Built in 1980

-- sqft lot

$-- Zestimate^®

$146/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.

19 hours

113

2

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: $146/sqft
Date on market: 8/6/2026
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/6/2026	Listed for sale	$295,000$146/sqft
Source: TVRMLS #9999174 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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