3536-3538 W Walnut St, Johnson City, TN, 37604
About This Home
Investor's Dream!! 3 Units, Strong Cash Flow & Endless Possibilities! This unique property offers three separate rental units with excellent income potential. The duplex features brick and metal exterior and includes a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, both updated inside. Kitchen offers oak cabinetry with upgraded appliances. Flooring throughout is stained concrete with tile in the baths. Natural gas water heater and gas logs in duplex units. All bedrooms have ceiling fans. A separate 3-bedroom/2-bath double wide provides even more rental versatility with plenty of living space. With a mix of unit sizes, this property appeals to a wide range of tenants and delivers consistent rental income. Whether you're expanding your investment portfolio or searching for a strong cash-flow property, this one checks all the boxes! NO city taxes! 3536 W. Walnut: -Unit #1 is a 2 bedroom 1 bath unit renting for $1350.00 per month. Includes power, gas, and water. -Unit #2 is a 1 bedroom 1 bath unit renting for $1050.00 per month. Includes power, gas, and water. 3538 W. Walnut: -3 bedroom 2 bath renting for $1515.00 per month and includes power, gas, and water. All 3 units are on 1 parcel. Duplex and double wide have separate water meters. UNITS ARE ALL OCCUPIED, PLEASE ALLOW 24 HOUR NOTICE FOR SHOWINGS. NO SIGN OR LOCKBOX
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled,Above Average
- Year built: 1940
Materials
- Roof: Shingle
- Construction materials: Brick,Metal Siding,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family,Manufactured Home
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Microwave,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Kitchen/Dining Combo,Laminate Counters,Open Floorplan,Remodeled
- Flooring: Tile,Concrete,Laminate
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Ceiling Fan(s),Heat Pump
Interior Area
- Total structure area: 1,764
- Total interior livable area: 1,764 sqft
Property
Details
- Parcel number: 053j A 015.00
- Attached to another structure: Yes
- Zoning: residential
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch,Rear Patio
- Topography of land: Cleared
Lot
- Lot size: 1.11 Acres
- Lot size dimensions: 0
Parking
- Parking features: Driveway,Asphalt
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,270 | $27,240 |
| Home Insurance | $206 | $2,472 |
| Property Taxes | $209 | $2,508 |
| Electricity | $175 | $2,103 |
| Total | $2,860 | $34,320 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $449,000 |
| 2025-09-16 | Listed for sale | $524,900 |
| 2022-05-03 | Sold | $330,000 |
| 2022-01-03 | Price change | $350,000 |
| 2021-10-20 | Listed for sale | $375,000 |
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