1419 Colony Park Drive

Johnson City, TN 37604

8-Unit Multifamily Investment Opportunity Now available--well-maintained 8-unit townhome-style complex in a prime Johnson City location offering strong occupancy and immediate income potential. The property features eight 2-bedroom, 1.5-bath units, with a convenient half bath on the main level and full bath upstairs. Currently, 7 units are occupied with 1 unit intentionally left vacant for showings, providing easy access for prospective buyers without disrupting tenant stability. Many units have been updated with new flooring, PEX plumbing, and updated appliances, offering a more modern feel while helping reduce ongoing maintenance. The property has been consistently cared for and presents a solid opportunity for investors seeking a stable, income-producing asset. Ideally located just minutes from East Tennessee State University (ETSU), Johnson City Medical Center, and the VA Hospital, this property benefits from steady rental demand. Tenants also enjoy convenient access to grocery stores, everyday essentials, and downtown Johnson City dining and entertainment. Highlights: 8 total units (2BR / 1.5BA townhome-style) 7 occupied, 1 vacant for showings Updates in many units: flooring, PEX plumbing, appliances Desirable layout with half bath on main level Strong rental location near major employers and amenities Consistent occupancy with investment upside Whether you're expanding your portfolio or entering the multifamily space, this property offers a balanced combination of stability, location, and long-term potential. Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information.

Listing courtesy of Toni Drumwright of Greater Impact Realty Jonesborough



Listing information is provided by Participants of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Tennessee Virginia Regional MLS.
Data last updated at: 2026-05-17 12:11 AM UTC