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Image 1 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Image 2 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Image 3 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Image 4 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Image 5 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Image 6 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Image 7 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Image 8 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Image 9 - 500 W Chestnut St, Johnson City, Tennessee, 37604 - House for sale
Home For Sale In Johnson City, Tennessee
500 W Chestnut St, Johnson City, Tennessee, 37604

Home For Sale In Johnson City, Tennessee

house for sale
Listed: 06/13/24

500 W Chestnut St, Johnson City, Tennessee, 37604

Studio Bed:
Save
Price
$ 425,000

About This House

Turn-key, high Cap Rate properties and Multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 WChestnut not only offers a Cap Rate of 9%+, but immediate potential to increase to over 10% with a conservative market adjustment on two of the unit's rental rates. Professional, long-term tenants occupy this building, located in one of the most desirable neighborhoods for living and market appreciation in Johnson City. Minutes from ETSU, hospitals and healthcare facilities, Quillen Medical School, Bill Gatton School of Pharmacy, and all that downtown has to offer.

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Roan Hill Housing & Living

Household Income

Median household income: $39,143
Number of households: 28,057
The average household income in Johnson City, TN declined from $40,370 to $39,143 in the past year. This data is an estimate based upon 28,057 households in Johnson City, TN.
The chart below presents how household income is distributed in Johnson City, TN in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Johnson City, TN compared to median property taxes around the country. The prevalent amount of property taxes in Johnson City, TN equals $800-$1,500 , which is less than the national average.