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503 Leonard Street 1-4
Greeneville TN 37745 US

$295,000

Active Listing ID 9999174
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4 bed
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2,016 square feet
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4.00 Bath (4 Full)
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Lot: 0.49 Acres
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Other

$295,000

Active Listing ID 9999174
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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.

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Property Features

  • Facts
  • Lot Size: 0.49 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Wall Unit(s), Window Unit(s)
  • Floor Covering: Vinyl, Carpet, Hardwood, Laminate
  • Roof Type: Shingle, Composition
  • Heating Fuels: Baseboard
  • Additional Features
  • Basement
  • Patio

School Information

  • School
  • Highland(Elementary)
  • Greeneville(MiddleSchool)
  • Greeneville(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 295000
  • unparsedaddress: 503 Leonard Street
  • unitnumber: 1-4
  • postalcity: Greeneville
  • stateorprovince: TN
  • country: US
  • postalcode: 37745
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.49
  • lotsizeunits: Acres
  • lotsizearea: 0.49
  • livingarea: 2016
  • livingareaunits: Square Feet
  • latitude: 36.172755
  • longitude: -82.830418
  • listagentfullname: Tim Hensley
  • listagentemail: tim@arbellatn.com
  • listagentkey: 3yd-TVARMLS-34030
  • listagentmlsid: 34030
  • listagentpreferredphone: 4234468154
  • listagentofficephone: 4234468154
  • listofficekey: 3yd-TVARMLS-1131
  • listagentstatelicense: 370561
  • listofficemlsid: 1131
  • disclaimer: 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.
  • sourcesystemid: TVARMLS
  • yearbuilt: 1980
  • listingcontractdate: 2026-08-06
  • listagenturl: www.arbellatn.com
  • countyorparish: Greene
  • parcelnumber: 098d A 004.00
  • elementaryschool: Highland
  • highschool: Greeneville
  • cooling: Wall Unit(s), Window Unit(s)
  • constructionmaterials: Wood Siding
  • flooring: Vinyl, Carpet, Hardwood, Laminate
  • heating: Baseboard
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Driveway, Paved or Surfaced
  • roof: Shingle, Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • windowfeatures: Single Pane Window(s), Double Pane Windows
  • rooms: Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Basement, Bathroom 3
  • patioandporchfeatures: Porch
  • basement: Crawl Space
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.83042, 36.172756
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"ARBELLA PROPERTIES, INC.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"tim@arbellatn.com", "ListBrokerageCity":null, "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"ARBELLA PROPERTIES, INC.", "ListBrokeragePhone":"4237822090", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1418 HIGHWAY 93 FALL BRANCH TN 37656", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"1706 Hwy 93 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"1131", "ListOfficeCity":"Fall Branch", "ListOfficeCountry":"US", "ListOfficeEmail":"tim@arbellatn.com", "ListOfficePostalCode":"37656", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Greeneville, TN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/503-Leonard-St-1-4_Greeneville_TN_37745_M92121-00947?f=listhub&s=TVARMLS&m=9999174&c=rexren", "MLSModificationTimestamp":"2026-08-06 15:34:48", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":569, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/6/2026 4:17:11 PM GMT
Source Updated Date: 8/27/2026 12:40:03 AM GMT

Courtesy of: Tim Hensley, Arbella Properties JC, tim@arbellatn.com

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.