Condo Investment Properties for Sale in Johnson City, TN
Listed for sale 3 days ago
$ 260,000
ROI
26.5
Cash Flow/m
484- 2 Bed
- 2 Bath
- 1187 sft
2108 Pleasant View Dr APT 201, Johnson City, TN, 37604
$ 284,900
ROI
29.1Cash Flow/m
737- 3 Bed
- 2 Bath
- 1876 sft
102 Car Mol Dr APT 15, JOHNSON CITY, TN, 37601
Currently Rented
$ 285,000
ROI
27.8Cash Flow/m
635- 3 Bed
- 2 Bath
- 1749 sft
400 Sunset Drive #J45, Johnson city, TN, 37604
$ 295,000
ROI
21.9Cash Flow/m
175- 2 Bed
- 3 Bath
- 1856 sft
2734 Oakland Ave #C-27, Johnson City, TN, 37601
Why Invest in Johnson City, Tennessee?
Johnson City, TN condos offer strong investment potential in the growing Tri-Cities region. With healthcare and education driving demand, condo investors benefit from steady renter occupancy near ETSU and Ballad Health. Appreciation holds at 3-4% annually amid stabilizing inventory. Rental yields average 6-7%, supported by median rents around $1,500. Cap rates of 5.5% make condos appealing for cash flow in this affordable market.
7.2%
Avg. ROI
6.5%
Rental Yield
5.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
Yes, condos near ETSU and healthcare hubs yield 6-7% with low vacancy. Steady job growth supports reliable tenants. Appreciation of 3-4% adds long-term value.
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