About This Home

This 4-bedroom, 3-bathroom multi-family at 350 Carolina Avenue #2 in Erwin, TN is listed for $297,500 ($168 per sqft). Built in 1954, the home offers 1,766 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1954
  • 0.22 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
3 full
1-car garage
#2
1954

Amenities

FireplaceHardwoodA/C
Listing Description

DOWNTOWN ERWIN INVESTMENT OPPORTUNITY!!! Don't miss this chance to own a fully rented income producing property in the heart of downtown ERWIN! ''Renovated'' 1766 sq ft 2 Family Home nestled on an oversized flat lot located in a wonderful neighborhood with walking distance to downtown!

The lower level is with 2 bedrooms and 2 full bathrooms and is rented for $1,200. The Upper Level is a 2 bedroom and 1 full bathroom and is rented for $950. Outstanding tenants and they want to remain in the property. There is a 20 X 24 block garage with alley access that has a separate rental income of $250.

Each Unit includes all appliances, refrigerator, range, washer/dryers. Newer renovations include New HVAC up and down, new electric service metal roof, both apartments have been totally renovated. Opportunities like this don't come often capitalize on Erwin's growing market and secure this revenue-generating property today!

Monthly Cost Estimate

$1,591/mo

20% down · 6.5% · 30 years

Principal$215
Interest$1,289
Insurance$87

Estimates only. Actual payments may vary.

Location

350 Carolina Avenue #2

Erwin, TN 37650

E R Co

Features & Amenities

Interior Features

Remodeled

Property Details

Flooring

LaminateVinylHardwood

Construction

Asbestos Plaster

Outdoor Features

PorchPatioDeck

Heating

Electric (Heating)Heat Pump (Heating)

Cooling

Heat Pump

Appliances

DryerElectric RangeRangeWasher

Questions & Answers

This 4-bedroom, 3-bathroom multi-family at 350 Carolina Avenue is listed at $297,500 ($168/sqft). The estimated monthly payment is $1,591 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1954, 0.22 acre lot, 2 stories, Fireplace. Interior Features: Remodeled.

This property is listed by Deborah Sutherland.

DS

Deborah Sutherland

License 262650

Agent at VIP HOME REALTY

Listed by VIP HOME REALTY · Broker phone: (317) 691-5390 · View on Broker Site

MLS# 9997040· Source: Tennessee Virginia Regional Multiple Listing Service· 133 days on PropertySimple

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

350 Carolina Avenue #2, Erwin, TN 37650

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