Active

1201 N & 1201 1/2 Street

Johnson City, TN 37615
Mark as Favorite
Bed 4

Bed

Bath 2

Bath

SqFt1,191

Sqft

Acres2

Acres(Lot)

This Johnson City, TN property presents a compelling opportunity for investors with two homes for the price of one with room to grow. This property is zoned R-3, which allows for medium to high density residential use, creating multiple strategies including single family rental, duplex or multifamily conversion (where applicable), or future redevelopment. For investors focused on increasing cash flow per parcel or scaling doors, R-3 zoning provides a significant advantage that other residential zoning. The property is serviced by public sewer and city water, a major benefit for development potential. The existing improvements include an almost fully finished 4 bedroom, 1 bath home with key updates already in place, including new flooring, bead board paneling, and newer windo ws. The biggest ticket items have been completed, allowing an investor to quickly bring the home to rent ready. Or someone could live in one and finish the other building and have a rental. In addition, a second structure on the property offers strong value add potential. With some work, this building could be finished into a separate living space, ideal for creating an additional rental unit, guest house, or supplemental income stream. Whether you're looking for a light rehab with immediate rental upside, a multi-unit conversion, or a longer term redevelopment play to fully capitalize on the zoning, this property offers several clear paths to profitability. Property is being sold as-is. All information is deemed reliable but not guaranteed. Buyer / Buyer's agent to verify all information.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $325,000

AD Id : 77517801

MLS Id : 9993906

Beds : 4

Lot Size : 2 Acres

Living Area Size : 1,191

Year Built : 1920

County : Washington

Subdivision: Shadowood

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 10 Has Basement: Yes Basement: Concrete, Dirt Floor
  • Roofing Information

    Metal, Shingle
  • Interior Features

    Roof: Metal, Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: Heat Pump Has Cooling: Yes Cooling: Heat Pump

  • Building Information

    Year Built: 1920 Building Area Total: 1191 Construction Materials: Concrete, Wood Siding, Plaster Private Pool: No

  • Lot Information

    Lot Dimensions: 390 x 258 IRR Main Square Feet: 2 Acres Lot Size Acres: 2 Lot Size Square Feet: 87120

    Property Information

    Subdivision: Not In Subdivision Source Property Type: Residential MLS Area Minor: 301 - NW Johnson City Property SubType: Single Family Residence Levels: One Property Age: 106

  • Listing Price Information

    Listing Price: $325000 Cash, Conventional

  • Tax Information

    Parcel Number: 045m C 004.00

  • School Information

    Elementary School: Woodland Elementary
    Junior High School: Liberty Bell
    Senior High School: Science Hill
  • Location Information

    Direction: Hwy 26 to State of Franklin Road, Turn left onto Indian Ridge Rd. Immediate left onto N. Barton Street, left on Elmwood Street to N. North Street- Right -1st property on Right. See sign. WaterSource: Public
Sell a home like this and save $19,001 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
134 Mcafee Bluff, Johnson City, TN, 37615 $914,900 4 3 3,166 3,166 SqFt
8 Lake Harbor Court, Johnson City, TN, 37615 $1,750,000 4 5 4,177 4,177 SqFt
912 Katies Way, Johnson City, TN, 37615 $549,900 3 4 3,010 3,010 SqFt
54 Glaze Farm Way, Johnson City, TN, 37615 $679,900 4 2 2,231 2,231 SqFt
181 Bentley Parc, Johnson City, TN, 37615 $199,900 2 3 1,508 1,508 SqFt
206 Cambridgeshire Court, Johnson City, TN, 37615 $199,999 2 2 1,059 1,059 SqFt
10 Crouch Court, Johnson City, TN, 37615 $289,000 3 1 1,222 1,222 SqFt
1519 Carroll Creek Road, Johnson City, TN, 37615 $379,900 2 2 1,411 1,411 SqFt
498 Brinkleys Way, Johnson City, TN, 37615 $397,000 4 3 2,262 2,262 SqFt
1125 Hammett Road, Johnson City, TN, 37615 $499,000 4 2 2,774 2,774 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 06/26/2026 @ 03:44

MLS: 9993906 LISTED BY: Matthew McCrory, eXp Realty, LLC 888-519-5113 SOURCE: TennesseeVirginia Regional MLS

Homes around $325,000

Selling? Save $19,001 when you sell a home like this

Tour with a ByOwner Agent