This home's estimate is 61.2% lower than the average sale price ($617K) of 6 comparable homes.
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151 Rainbolt St #4, Butler, TN 37640
About this home
Four unit apartment complex, all on one level, located just across the street from Watauga Lake, with views of the Lake. Complex consists of one 2 bedroom unit and 3 one bedroom units. Each unit is separately metered for electricity, with the tenants paying their own heat and cooling bills. Property has been well maintained by the long term owner, with the following updates recently completed: New architectural roof in 2015, new appliances, 2011 thru 2015, and new floor coverings, 2010 thru 2015. Three of the four units have laundry facilities. Plenty of parking with a three carport on site for tenant parking. Monthly rentals total $1,260. This is the only apartment building in Butler, and would appeal to the many people who love living near the Lake. Strong rental history, with past tenants staying for 5 to 8 years. This property has been so well maintained and updated, there is little left for a new owner to do. Just buy it and begin collecting income from their investment. Reasonably priced by motivated seller.
Redfin Estimate
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Last updated September 2026
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Sale history for 151 Rainbolt St #4
As the MLS and public records start to fill up, we'll list the details here.
Public record
Property details
Parking
- Parking/Garage Information
- Has Carport
- # of Carport Spaces: 3
- Parking Features: Detached, Gravel
Interior
- Heating & Cooling
- Has Cooling
- Cooling: Wall Unit(s)
- Has Heating
- Heating: Baseboard
- Interior Features
- Appliances: Electric Range, Refrigerator
- Flooring: Vinyl, Carpet
- Room Information
- Laundry Features: Electric Dryer Hookup, Washer Hookup
- Basement Details: Crawl Space
Exterior
- Exterior Features
- Roof: Shingle
- Building Information
- Levels: One
- Construction Materials: Stucco
- Property Information
- Property Type: Residential Income
- Property Sub Type: Quadruplex
- Raw Mls Property Sub Type: Quadruplex
- Lot Information
- Lot Features: Sloped
- Lot Size Dimensions:
- Lot Size Area: 0.4
- Lot Size Units: Acres
- Lot Size Acres: 0.4
- Zoning Description: Commercial
Utilities
- Utility Information
- Sewer: Septic Tank
Location
- Schools Information
- Elementary School: Little Milligan
- Middle Or Junior School: Johnson Co
- High School: Johnson Co
- Location Information
- Directions: Take Hwy. 321 from Hampton to Butler, take the first left in the town of Butler on Rainbolt, see sign on left.
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (2-4 Unit)
- Year Built: —
- Year Renovated: —
- County: Johnson County
- APN: 021.00
Around this home
Schools
Public PreK-6 • Assigned • 8.8mi
Public 7-8 • Assigned • 15.7mi
Public 9-12 • Assigned • 15.7mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.15% chance of being in a wildfire in next 30 years
8 days above 95° expected this year, 24 days in 30 years
Minor risk of severe winds over next 30 years
0 unhealthy days expected this year, 1 days in 30 years
Sun exposure
In this area, properties receive around 8.6 hours in June and 4.7 hours in December, placing it below the U.S. average for solar exposure.
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Home values near 151 Rainbolt St #4
| Address | Redfin Estimate |
|---|---|
- Beds | 2 Baths | 1324 Sq. Ft. | $286,115 |
2 Beds | 1 Baths | 1228 Sq. Ft. | $146,771 |
| Address | Redfin Estimate |
|---|---|
- Beds | 2 Baths | 2016 Sq. Ft. | $329,898 |
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| Address | Redfin Estimate |
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- Beds | 2 Baths | 950 Sq. Ft. | $258,722 |
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