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Tim Meyer

timmeyerrealtor@gmail.com +1(423) 530-3369

$489,000

Est. payment - /mo

3,071 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,071 sqft

Price per Sqft $159

Subdivision Westwood

MLS Listing ID 9994320

Style Raised Ranch,Ranch

HOA Y/N No

Year Built 1960

Lot Dimensions 144 X 202

Property Sub-Type Multi Family

Source Tennessee/Virginia Regional MLS

Property Description

Rare Triple-Income Investment Opportunity in Johnson City. This is a true powerhouse investment opportunity in the heart of Johnson City offering flexibility that is incredibly hard to find in today's market. This is not just a home, it is a strategic income-producing asset with three distinct rental streams across two structures on one lot, designed to maximize cash flow from day one. The main residence has been nicely updated and offers a bright, open floor plan that appeals to both long-term tenants and owner-occupants. The main level features a modern kitchen with a large island, stainless steel appliances, and an easy flow into the living and dining spaces. Two bedrooms and a full bath provide a functional layout that is both comfortable and rentable. The fully finished basement expands the income potential significantly. With two additional bedrooms, a full bath, and a pre-plumbed kitchen area, this lower level functions as a true secondary suite. With its own private access, it can operate independently as a long-term rental or serve as a high-demand short-term or mid-term rental option. This separation is key for investors looking to diversify income streams under one roof. Or, as a primary residence, you're getting a 4-bedroom, 2-bath house with a den, living room, and basement living room. Beyond the main home, the property features a detached, income-producing Airbnb that is already in place and operating. This unit is stylish, spacious, and turn-key, allowing a new owner to step in and generate revenue immediately without the typical setup timeline. The detached structure offers approximately 575 square feet of additional living space with 2 bedrooms & 1 bath. The ADU's unfinished basement (not currently rented to Airbnb tenants), gives the building flexibility for continued short-term use, additional storage, or even creative workspace options. What truly sets this property apart is the ability to configure it multiple ways depending on your investment strategy. Rent all three units separately for maximum yield, live in one unit while the others offset or completely cover your mortgage, or create a hybrid short-term/long-term rental portfolio, all within a single property. Opportunities like this, with built-in diversification, are rare in the Johnson City market. Situated on a generous 0.77-acre lot in the established Westwood subdivision, the property provides both space and privacy for multiple occupants. (OR keep it all to yourself and utilize the ADU for multi-generational living or for out of town guests.) Outdoor features include a charming gazebo creating a dedicated outdoor gathering space, perfect for entertaining, relaxing, or enhancing the appeal of a short-term rental experience. Multiple outbuildings add valuable utility & flexibility, supporting storage, workspace, or potential income-producing uses depending on your investment strategy. Additional value points include a relatively newer roof (approximately 5 years old), functional layout separation between living spaces, and zoning that supports flexibility. Zoned R-3 and positioned just minutes from the ETSU (6min), Johnson City Medical Center (5min), grocery stores, pharmacies, shopping, & dining, the location enhances both rental demand & long-term appreciation potential. Whether you are looking to house hack, expand your portfolio with a high-yield asset, or secure a uniquely versatile property in a prime location, this one is built to perform. Schedule your showing and explore the income potential firsthand. All information deemed reliable, but not guaranteed. Buyer & Buyer Agent to verify.

Location

State TN

County Washington

Community Westwood

Zoning R 3

Direction From N St of Franklin Rd, turn onto Indian Ridge Rd, turn left onto N Barton St., and in 0.4 mi, house will be on the left.

Rooms

Other Rooms Gazebo, Outbuilding, Second Residence, Shed(s)

Basement Block, Finished

Interior

Interior Features Laminate Counters, Remodeled

Heating Central, Electric, Heat Pump, Electric

Cooling Central Air, Heat Pump

Flooring Carpet, Hardwood

Fireplaces Number 1

Fireplace Yes

Window Features Single Pane Windows

Appliance Dishwasher, Electric Range, Microwave, Range, Refrigerator

Heat Source Central, Electric, Heat Pump

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Driveway, Asphalt

Utilities Available Fiber Available, Electricity Connected, Sewer Connected, Water Connected

Amenities Available Landscaping

Roof Type Composition

Topography Rolling Slope

Building

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Raised Ranch, Ranch

Level or Stories 1

Structure Type Brick,Wood Siding,Other

New Construction No

Schools

Elementary Schools Woodland Elementary

Middle Schools Liberty Bell

High Schools Science Hill

Others

Senior Community No

Tax ID 045m C 027.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Ryan & Sarah McKinney • KW Johnson City

Nearby Locations

Tim Meyer

Agent | License ID: 365451

+1(423) 530-3369 | timmeyerrealtor@gmail.com

1004 Barton ST Johnson City, TN 37604

Tim Meyer

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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