#9980554, Lesley Bowen, Listing office: KW Johnson City
Property details
About 166-178 Gray Station Rd
Looking for an investment opportunity? Look no further!! OWNER FINANCING AVAILABLE This unique property consists of 2 separate parcels totaling approximate 3.7 acres with ''7'' rental income producing single family homes (all on sewer) and ''2'' additional garages located right off Gray Station Road, which is just minutes from Franklin Woods Medical Center, Boone Lake, and other local restaurants and shopping. All properties are on month to month and annually grossing approximately $73,000 EXPENSES ARE: - Property taxes for 2024 were $3,354.17 - Water is approx. $450 per month All showing require a minimum of 24hr notice to notify tenants. Listing agent can provide photos of ''most'' interior units upon request of pre-approved buyer. This property is being sold AS IS and priced to sell quickly... Contact your Realtor TODAY! OWNER FINANCING OPTION: - 25% down - 6% interest rate - 30-year amortization - 5-year balloon Realtors - Please READ private remarks
Highlights
Summary
- Parking: See Remarks
- View: Mountain(s)
- Exterior: See Remarks
- Architectural Style: Traditional
- Heating: Other
- Cooling: Other
- List Price: $799,000
- Directions: From 6547 Kingsport Hwy, Johnson City, TN 37615 Head northwest on Kingsport Hwy / TN-36 toward Ben Jenkins Rd Turn left onto Gray Station Rd Turn left to stay on Gray Station Rd Keep right to stay on Gray Station Rd Arrive at Gray Station Rd on the right
- Year Built: 1935
- Lot Size: 3.7 Acres
- MLS Number: 9979565
- MLS Name: Tennessee/Virginia Regional MLS
- Office Name: Hurd Realty, LLC
- Office Phone: (423) 491-8335
- Office Email: pamhurdrealtor@gmail.com
- Listing Agent: Brian Parlier, Melody Hughes
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Last updated on: 7/24/2025, 3:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Nearby schools
9
Miller Perry Elementary School
Public District KG-5
4.1 mi
•904 Fordtown Rd
8
John Adams Elementary School
Public District PK-5
5.5 mi
•2727 Edinburgh Channel Rd
8
Lake Ridge Elementary School
Public District KG-4
6.0 mi
•1001 Lake Ridge Sq
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,683. Typical income of Johnson City, TN residents is between $35k-100k annually. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
Living in Johnson City, TN
Transportation in Johnson City includes a network of roads and highways that facilitate travel and commuting within the city and to neighboring areas. Public transit options are available, providing residents with alternatives to private vehicle use. The city's walkability varies by area, with certain neighborhoods being more pedestrian-friendly than others. Bike paths and lanes are also present, promoting cycling as a viable mode of transport. Ride-sharing services are operational in the city, offering additional transportation choices for residents and visitors.
The community is served by a comprehensive educational system, including a number of public and private schools that cater to various educational needs. Healthcare facilities in Johnson City are equipped to offer a range of services, from primary care to specialized treatments. The city also features a public library system that supports the educational and informational needs of its residents. Retail and dining options reflect the local culture, with an assortment of establishments that cater to a variety of tastes and preferences.
Johnson City prides itself on a community-oriented atmosphere, with a blend of urban and suburban elements that contribute to its unique character. The city is celebrated for its annual festivals and events that highlight the local culture and foster a sense of togetherness among residents. The presence of parks and recreational areas adds to the city's charm, providing spaces for leisure and community engagement.
Johnson City's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate a range of preferences. The architectural styles vary, with a notable presence of traditional and craftsman designs. A significant portion of the homes were constructed during a development boom from the late 20th century to the early 2000s. The homeownership rate in Johnson City is robust, with a majority of residents owning their homes, while a smaller percentage are renters.
About 166-178 Gray Station Rd
The listing price of 166-178 Gray Station Rd property is $799,000.
The property 166-178 Gray Station Rd is a house located in Johnson City, Tennessee, 37615.
Active Listing: 166-178 Gray Station Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 166-178 Gray Station Rd are: Miller Perry Elementary School (GreatSchools Rating 9/10), John Adams Elementary School (GreatSchools Rating 8/10), Lake Ridge Elementary School (GreatSchools Rating 8/10), Ridgeview Elementary School (GreatSchools Rating 8/10), Gray Elementary School (GreatSchools Rating 6/10), Boones Creek Elementary School (GreatSchools Rating 8/10), Daniel Boone High School (GreatSchools Rating 5/10), Tennessee Virtual Learning Academy (GreatSchools Rating 4/10), Science Hill High School (GreatSchools Rating 8/10).
The property at 166-178 Gray Station Rd has 0 bathroom.
The year of construction for 166-178 Gray Station Rd is 1935.
This home is located at 166-178 Gray Station Rd in Johnson City, TN and zip code 37615. Features: 0 bathroom. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $799,000.
Johnson City, TN housing market in June 2025 saw over 20 listings sold above listed price, more than 18 sold at listed price and over 80 sold below. The number of listings in Johnson City, TN increased by 1.2% between May and June 2025. The median list price of listings available in June 2025 was $324,999, while the average time on the real estate market was 74 days.