Two 4 unit apartment buildings in excellent condition. These townhouse style units feature 2 bedrooms, 1.5 baths, central heat and air in each unit, brick exterior, newer roof on both buildings, and close to an acre of land. Rents on these units have been too cheap for years and need to be adjusted to today's market. Currently these units gross $4,325 per month with the owner paying garbage and mowing. Rarely ever has a vacancy. Better hurry on these.
TownhomeProperty Type
1997Year Built
1 acresLot Size
$113Est. Price/Sq.Ft.
Listed by Jason Blevins• Randall Birchfield Real Estate
Bought with Laura Meade• Bridge Pointe Real Estate Jonesborough
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Market trends in 37694, TN
Last updated July 2026
Sale-to-List Price
98.7%
1.0% MoM
Median sale price
$320K
$49K MoM
Avg. days on market
54d
0 days MoM
Recently sold homes
2
2 MoM
Provided by Redfin
Sale history for 111/121 Hughes Rd
Date
Event
Price
APPFOLIO #1
Jan 6, 2024
Rental Removed
$925
$0/sq ft
Dec 13, 2023
Listed for Rent
$925
$0/sq ft
TVRMLS #9932179
Feb 18, 2022
Sold
$649,900
$82/sq ft
Dec 20, 2021
Listed
$649,900
$82/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,349
2024
$3,349
2023
$3,349 (+7.4%)
2022
$3,119
2021
$3,119 (−20.3%)
2020
$3,915
2019
$3,915 (+97.0%)
2018
$1,987
2017
$1,987 (+5.6%)
2014
$1,882
Tax history for 111/121 Hughes Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,349
2024
$3,349
2023
$3,349 (+7.4%)
2022
$3,119
2021
$3,119 (−20.3%)
2020
$3,915
2019
$3,915 (+97.0%)
2018
$1,987
2017
$1,987 (+5.6%)
2014
$1,882
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
7
Stories
2
Lot width
—
Lot depth
—
Lot size
0.97 Acres
Year renovated
1997
Sq. Ft.
4,030
Year built
1997
Style
Multi-Family (5+ Unit)
County
Carter County
APN
033 18600 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Property details
Parking
Parking/Garage Information
Parking Features: Asphalt
Interior
Heating & Cooling
Has Cooling
Cooling: Heat Pump
Has Heating
Heating: Heat Pump
Interior Features
Interior Features: Eat-in Kitchen
Window Features: Double Pane Windows
Appliances: Dishwasher, Electric Range, Refrigerator
Flooring: Carpet, Ceramic Tile, Laminate
Room Information
Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Features
Roof: Shingle
Building Information
Levels: Two
Construction Materials: Brick, Vinyl Siding
Property Features
Has View
Property Information
Property Type: Residential Income
Property Sub Type: Townhouse
Raw Mls Property Sub Type: Multi-Family
Lot Information
Lot Features: Sloped, Cleared
Lot Size Dimensions: 1 acre
Lot Size Area: 1
Lot Size Units: Acres
Lot Size Acres: 1
Zoning Description: Residential
Utilities
Utility Information
Water Source: Public
Sewer: Septic Tank
Location
Schools Information
Elementary School: Central
Middle Or Junior School: Central
High School: Happy Valley
Location Information
Directions: From Elizabethton take Broad Street. At McDonalds turn right on S Lynn Ave. Go across the Watauga River and turn left onto Watauga Rd(Hwy 400). Follow until just before the old Range School. Apartments are on the right on the hill. 105 Hughes Rd will get you there by GPS.
Subdivision Name: Not In Subdivision
Public facts
Beds: —
Baths: 7.0
Sq. Ft.: 4,030
Stories: 2.0
Lot Size: 0.97 acres
Style: Multi-Family (5+ Unit)
Year Built: 1997
Year Renovated: 1997
County: Carter County
APN: 033 18600 000
Home facts updated by county records on Jul 20, 2026
Around this home
Schools
Happy Valley Elementary School
Public PreK-4 • Assigned • 4.0mi
8/10
Happy Valley Middle School
Public 5-8 • Assigned • 4.0mi
7/10
Hampton High School
Public 9-12 • Assigned • 2.3mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 99° expected this year, 20 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Watauga, TN • 37694
Average low and high temperatures (°F)
42
24
51
31
65
40
73
50
75
54
83
63
87
68
83
64
79
59
70
47
60
40
50
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 4.6 hours in December, placing it below the
U.S. average for solar exposure.