About This Home

This 4-bedroom, 4-bathroom residential multi family at 503 Leonard Street #1-4 in Greeneville, TN is listed for $285,000 ($141 per sqft). Built in 1980, the home offers 2,016 sqft of living space on a 0.49 acres lot.

Key Features

  • Built in 1980
  • 0.49 acre lot

Property Details

1 story
4 full
#1-4
1980

Amenities

HardwoodA/C
Listing Description

Excellent investment opportunity featuring four well-maintained 1-bedroom, 1-bath units, each approximately 500+/- SF. All units are in good condition and fully occupied, providing immediate rental income. Current gross monthly rents total $2,075, with all leases on a month-to-month basis, offering the opportunity to increase rents to current market rates.

The property has been exceptionally maintained, including a new architectural roof and complete exterior repaint, both completed last year. Tenants pay their own electric, while the owner covers water/sewer (averaging approximately $60 per month), lawn care, and city-provided trash service. Each unit features in-wall A/C, baseboard heat, and an individual water heater. Two units also include washer hookups. This is a low-maintenance, value-add investment with strong upside potential.

Monthly Cost Estimate

$1,524/mo

20% down · 6.5% · 30 years

Principal$206
Interest$1,235
Insurance$83

Estimates only. Actual payments may vary.

Location

503 Leonard Street #1-4

Greeneville, TN 37745

Property Details

Flooring

HardwoodCarpetLaminateVinyl

Construction

Wood Siding

Outdoor Features

Porch

Parking

Paved or SurfacedDriveway

Heating

Baseboard

Cooling

Window Unit(s)Wall Unit(s)

Questions & Answers

This 4-bedroom, 4-bathroom residential multi family at 503 Leonard Street is listed at $285,000 ($141/sqft). The estimated monthly payment is $1,524 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980, 0.49 acre lot.

This property is listed by Tim Hensley.

TH

Tim Hensley

License 370561

Agent at ARBELLA PROPERTIES, INC.

Listed by ARBELLA PROPERTIES, INC. · Broker phone: 4237822090 · View on Broker Site

MLS# 9999174· Source: Tennessee Virginia Regional Multiple Listing Service· 84 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.

503 Leonard Street #1-4, Greeneville, TN 37745

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