500 West Chestnut Street

Johnson City, TN 37604

$405,000
Price
8
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

The eclectic Tree Streets are one of the most sought-after areas in East Tennessee. A tree-lined residential neighborhood within biking distance of ETSU, Quillen Med School, Bill Gatton School of Pharmacy, plus all that Downtown Johnson City has to offer. Unique events make the 'Tree Streets' feel like home. Property is within walking distance to Veterans Park (and South Side Elementary), a few favorites to catch: Music in the Park on Sundays, Kickball and a Covered Dish, Earth Day Bike Parade, Chili...The eclectic Tree Streets are one of the most sought-after areas in East Tennessee. A tree-lined residential neighborhood within biking distance of ETSU, Quillen Med School, Bill Gatton School of Pharmacy, plus all that Downtown Johnson City has to offer. Unique events make the 'Tree Streets' feel like home. Property is within walking distance to Veterans Park (and South Side Elementary), a few favorites to catch: Music in the Park on Sundays, Kickball and a Covered Dish, Earth Day Bike Parade, Chili Cook-off. Turn-key, high cap properties and multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 W Chestnut not only produces a 9% cap, but has immediate potential to increase, without force, through a conservative rental rate adjustment on two of the units.
  1. Listed by Elizabeth Snyder • Bridge Pointe Real Estate Jonesborough

Property Details for 500 West Chestnut Street

Architectural Style
Raised Ranch
Zoning
R2
Subdivision
Tree Streets
LISTING UPDATED: 07/31/2024 03:21 PM

Property Details for 500 West Chestnut Street

StatusActive
MLS #9967034
Days on Market110
Taxes$3,653 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1960
Lot Size0.37 AC / 16,117 SF
CountyWashington County

Building Information for 500 West Chestnut Street

Stories-Residences-Year Built1960Building Size-Lot Size0.37 AC / 16,117 SF

Property Information for 500 West Chestnut Street

Summary
Location and General Information
  • City: Johnson City
  • County: Washington
  • Directions: From Downtown Johnson City, turn onto Buffalo Street, Turn Right on W Chestnut Street, after 0.3 miles, 500 W Chestnut Street is on the Right.
  • Latitude: 36.31
  • Longitude: -82.35
  • Postal Code: 37604
  • State Or Province: TN
  • General Property Description : Zoning: R2
Taxes and HOA Information
  • Association: No
  • Parcel Number: 054f N 025.00
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 1148
  • Location Tax Legal Info : Deed Page: 139224000312
  • Location Tax Legal Info : City Taxes: $1,751.11
  • Location Tax Legal Info : County Taxes: $1,901.46
School Information
  • High School: Science Hill
  • Middle Or Junior School: Liberty Bell
  • Elementary School: South Side
Parking
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: 93.90 X 167.3 IRR
  • Lot Size Square Feet: 16,117.20
  • Lot Size Acres: 0.37
  • Lot Features: Rolling Slope
  • Lot Size Area: .37
  • Lot Size Units: Acres
  • Building Area Total: .00
  • General Property Description : Acres: .37
Property and Assessments
  • Property Type: Multi-Family
  • Year Built: 1960
  • Property Sub Type: Multi-Family
  • Property Type Label: Multi-Family
  • Documents Available: Confirmation of Agency
  • Showing Instructions : Sign: Yes
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: Ceiling Fan(s), Central Air, Window Unit(s)
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Bathrooms Total Decimal: .00
  • Flooring: Luxury Vinyl, Hardwood, Laminate
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Appliances: Range, Refrigerator
Exterior Features
  • Construction Materials: Brick
  • Parking Features: Asphalt
  • Heating : Heat Pump: Baseboard, Central
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 4.00
  • General Property Description : Total Units: 4.00
Income & Expenses Information
  • Income and Expenses : Gross Annual Income: 48000
  • Income and Expenses : Vacancy Rate: 0
  • Operating Expense Includes: Taxes Real Estate, Water/Sewer, Other
Unit 1
  • Unit 1 : # Bathrooms: 1.0
  • Unit 1 : # Bedrooms: 3
  • Unit 1 : Monthly Rent: 1200
Unit 2
  • Unit 2 : # Bedrooms: 1
  • Unit 2 : # Bathrooms: 1.00
  • Unit 2 : Monthly Rent: 775
Unit 3
  • Unit 3 : # Bedrooms: 1
  • Unit 3 : # Bathrooms: 1.0
  • Unit 3 : Monthly Rent: 775
Unit 4
  • Unit 4 : # Bedrooms: 3
  • Unit 4 : # Bathrooms: 1.0
  • Unit 4 : Monthly Rent: 1250

Property History for 500 West Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 West Chestnut Street

Taxable ValueLand$6,840Additions$81,600Total$88,440
Home Facts
Total Finished SqFt5,504 SqFtAbove Grade Finished SqFt4,128 SqFtFinished Basement SqFt1,376 SqFtStories2Lot Size2,700,720 SqFtStyleMulti-Family Res (5+ Units)Year Built1960Year Renovated1994CountyWASHINGTONAPN054F N 02500

Schools near 500 West Chestnut Street

This home is within Johnson City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
South Side Elementary School
PublicPK to 5

Indian Trail Middle School
Public6 to 8

Liberty Bell Middle School
Public6 to 8

Science Hill High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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500 West Chestnut Street is a multi-family home for sale in Johnson City, TN 37604. This property was listed for sale on June 10, 2024 by Bridge Pointe Real Estate Jonesborough, it's currently listed at $405,000. It has been on the market for a total of 110 days and was last sold on October 19, 2023. This listing's school district is Johnson City School District. Nearby schools include South Side Elementary School, Indian Trail Middle School and Liberty Bell Middle School. 500 West Chestnut Street is a 8-bed, 4-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bridge Pointe Real Estate Jonesborough, Elizabeth Snyder (423.707.5506)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 07/31/2024 03:21 PM