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$285,000
46 Days On Site

503 Leonard Street 1-4
Greeneville, TN 37745

Multi Family|Pending
0
Beds
0
Total Baths
2,016
SqFt
$141
/SqFt
1980
Built
County:
Greene
Listing courtesy of Tim Hensley of Arbella Properties JC/FB
503 Leonard Street 1-4503 Leonard Street 1-4503 Leonard Street 1-4503 Leonard Street 1-4
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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.

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Listing Snapshot
Price 
$285,000
Days On Site 
46 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,016 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.49 Acres
Year Built 
1980
MLS® Number 
9999174
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Pending
4 weeks agoPrice changed to $285,000
2 months agoListing first seen on site
General Features
Acres 
0.49
Foundation 
Block
Levels 
One
Parking 
UnpavedShared Driveway
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
2016
Style 
Other
Water Source 
Public
Zoning 
R3
Interior Features
Basement 
Crawl Space
Cooling 
Wall Unit(s)Window Unit(s)
Flooring 
VinylCarpetHardwoodLaminate
Heating 
Baseboard
Window Features 
Double Pane Windows
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Exterior Features
Construction Details 
Wood Siding
Patio And Porch 
Front Porch
Roof 
CompositionShingle
Windows/Doors 
Double Pane Windows
Community Features
Financing Terms Available 
CashConventional
Schools
School District
Unknown
Elementary School
Highland
Middle School
Greeneville
High School
Greeneville
Listing courtesy of Tim Hensley of Arbella Properties JC/FB



Listing information is provided by Participants of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Tennessee Virginia Regional MLS.
Data last updated at: 2026-09-22 12:29 AM UTC

Neighborhood & Commute
Source: Walkscore
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