About 503 Leonard Street 1-4
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.
Features of 503 Leonard Street 1-4
| MLS® # | 9999174 |
|---|---|
| Price | $285,000 |
| Square Footage | 2,016 |
| Acres | 0.49 |
| Year Built | 1980 |
| Type | Multi Family |
| Sub-Type | Multi Family |
| Style | Other |
| Status | Pending |
Community Information
| Address | 503 Leonard Street 1-4 |
|---|---|
| City | Greeneville |
| County | Greene |
| State | TENNESSEE |
| Zip Code | 37745 |
Amenities
| Garages | Unpaved, Shared Driveway |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | Wall Unit(s), Window Unit(s) |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
| Has Basement | Yes |
| Basement | Crawl Space |
Exterior
| Exterior | Wood Siding |
|---|---|
| Lot Description | Cleared, Sloped |
| Windows | Double Pane Windows, Single Pane Windows |
| Roof | Composition, Shingle |
| Foundation | Block |
School Information
| Elementary | Highland |
|---|---|
| Middle | Greeneville |
| High | Greeneville |
Additional Information
| Date Listed | August 6th, 2026 |
|---|---|
| Days on Market | 32 |
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Arbella Properties JC/FB |
|---|