26-Unit Meticulously maintained apartment Complex in the heart of Gray with a Johnson City address.
24 1 bedroom 1.5 bath units with drive under garages, and a 2 Bedroom Duplex with drive under garages. 4 units total on 4 parcels with high potential for rent increases.
Same owner since 2015. The owner has done a lot of capital improvements & prides himself in maintaining a very good product. These units are ready for a new investor to take over & start making money. Owner not providing T12 or P&L. Buyer/buyer's agent to verify acreage. Seller has a total of 4 apartment complexes for sale.
Sold for $2,930,000
$2,930,000
6125 Kingsport Hwy, Johnson City, TN 37615
28beds
26baths
--sqft
Multi Family
Built in 1996
-- sqft lot
$-- Zestimate®
$--/sqft
$1,476 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,476/mo
Zestimate® history
Owner options
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$1,476/mo
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$1,476/mo
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$16,832/mo
Est. payment
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$16,832/mo
Est. payment
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Drive under garages
Zillow last checked:
Listing updated:
Listed by:
Jonathan Forester 423-677-8095,
The Brokers Realty & Auction
Bought with:
Jonathan Forester, 317675
The Brokers Realty & Auction
Source: TVRMLS,MLS#: 9973013
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 26
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
Features
- Flooring: Carpet
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Asphalt
Lot
- Size: 1.25 Acres
- Dimensions: 1.25
- Topography: Rolling Slope
Details
- Parcel number: 012c B 006.00
- Zoning: PRD 1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Roof: Composition,Shingle
Condition
- Average
- New construction: No
- Year built: 1996
Utilities & green energy
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Johnson City
Financial & listing details
- Tax assessed value: $648,700
- Annual tax amount: $4,437
- Date on market: 11/1/2024
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2025 | Sold | $2,930,000-13.8% |
Source: TVRMLS #9973013 Report a problem | ||
| 11/30/2024 | Pending sale | $3,400,000 |
Source: TVRMLS #9973013 Report a problem | ||
| 11/1/2024 | Listed for sale | $3,400,000 |
Source: TVRMLS #9973013 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,437 | $259,480 |
| 2024 | $4,437 +22.6% | $259,480 +54.1% |
| 2023 | $3,620 -3.2% | $168,360 -3.2% |
| 2022 | $3,739 | $173,920 |
| 2021 | $3,739 | $173,920 |
| 2020 | $3,739 | $173,920 |
| 2019 | $3,739 | $173,920 +1.9% |
| 2018 | -- | $170,680 |
| 2017 | $4,062 | $170,680 |
| 2016 | $4,062 +20.2% | $170,680 |
| 2015 | $3,379 | $170,680 |
| 2014 | $3,379 | $170,680 |
| 2013 | -- | $170,680 -4.8% |
| 2011 | $3,430 | $179,200 |
| 2010 | $3,430 | $179,200 |
| 2009 | $3,430 | $179,200 |
| 2008 | -- | $179,200 +19.6% |
| 2007 | $3,522 +17.5% | $149,880 |
| 2006 | $2,998 +7% | $149,880 |
| 2005 | $2,803 | $149,880 |
| 2004 | $2,803 +2% | $149,880 +5.3% |
| 2003 | $2,748 | $142,360 +2.9% |
| 2001 | -- | $138,310 -60% |
| 2000 | -- | $345,774 |
Find assessor info on the county website
Neighborhood: Oak Grove
Nearby homes
- $545,300-- bd8 ba5.2k sqft6125 Kingsport Hwy, Johnson City, TN 37615Off Market
- $--2 bd2 ba-- sqft6125 Kingsport Hwy #F320A52C6, Johnson City, TN 37615Off Market
- $--1 bd1 ba-- sqft6125 Kingsport Hwy #776F18CCB, Johnson City, TN 37615Off Market
- $--1 bd1 ba-- sqft6125 Kingsport Hwy #1, Johnson City, TN 37615Off Market
- $145,000-- bd1 ba1.2k sqft24 Lexington Ct #6, Gray, TN 37615Sold
- $1,3002 bd2 ba1.2k sqft24 Lexington Ct, Johnson City, TN 37615For Rent
- $145,0002 bd2 ba1.2k sqft24 Lexington Ct #6, Johnson City, TN 37615Sold
- $169,300-- bd1 ba1.3k sqft23 Lexington Ct #5, Gray, TN 37615Off Market
Nearby schools
GreatSchools rating
- 7/10Boones Creek Elementary SchoolGrades: PK-8Distance: 4.8 mi
- 6/10Daniel Boone High SchoolGrades: 9-12Distance: 4.4 mi
Schools provided by the listing agent
- Elementary: Boones Creek
- Middle: Boones Creek
- High: Daniel Boone
Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Tennessee
- Washington County
- Johnson City
- 37615
- Oak Grove
- 6125 Kingsport Hwy
