1400 Orleans St, Johnson City, TN 37601 (MLS# 1292776)

1400 Orleans St, Johnson City, TN 37601

$2,800,000
Property Type: Multi-Family Square Footage: 35,076 Status: Closed
Current Price: $2,800,000 List Date: 3/10/2025 Last Modified: 7/08/2025

Overview

Description

Located in Johnson City, TN, Orleans Terrace was built in 2006 and is comprised of 36 units. This affordable apartment community is 97% occupied and has a unit mix consisting of 1, 2, and 3 bedroom units. Community amenities include disability access, playground, and emergency maintenance. Each unit has washer / dryer hookups. Orleans Terrace is currently facing an average rental deficit of $200 per unit when compared to the maximum rent limits set by HUD. This property is part of a 148 unit, three property LIHTC portfolio being sold in East Tennessee.

Listing Details MLS# 1292776

Location Tax Legal Info

House #
1400
Street Name
Orleans
St Suffix
St
State/Province
TN
Zip Code
37601
PIN #
047I J 015.00
Subdivision
Orleans Terrace

Contract Info

Auction Y/N
No
Listing Price
3060000

General Property Description

SqFt - Total (Aprox)
35076
Lot Dimensions
n/a
Number of Units
36
# Units Leased
35
Utilities/Mo Avg
2200.44
Year Built
2006
Property Status
N/A
Driveway
Paved

Status Change Info

Status Change Date
2025-07-08
Under Contract Date
2025-05-16
Sold Date
2025-07-07

More Information

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; 3 or more Bdrm Units Sale Includes: Building and Land Floors: Carpet; Tile Fuel: Other Fuel Heat: Central Cooling: Central Cooling Construction: Frame - Brick Roof: Shingle Other Rooms: Other New Financing: Cash; Conventional; New Loan
IDX
Listing Office: SVN I Wood Properties
Last Updated: July - 08 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.