705 Union Chapel Rd
About This Property
Under one roof: ~3,600 sqft of living area split into 2 sides, each with its own HVAC. One side (separate breaker panel) closes off completely -- primary bedroom, full bath, living room, kitchen, laundry, and pantry, like a self-contained apartment. The other side has a half bath, 2 more bedrooms, office, & a bonus room with kitchenette (partial in-law suite potential). Plus 1,125 sqft of workshop/office with its own HVAC, separate entrance, and forklift-sized pass-through doors -- and a 2,025 sqft heated garage/storage with 10' walls.
Open-concept layout with 10' ceilings, large windows, and warm wood trim. Kitchen has honey oak cabinets, double-bowl sink, gas range, French-door fridge, microwave convection oven, dishwasher, and walk-in pantry. Full bath features tiled walk-in shower with dual heads. Main bedroom has walk-in closet with custom shelving. Dedicated laundry with utility sink.
Every room hardwired for internet with UPS battery backup outlets. Whole-home standby gas generator powers both 200-amp panels (single phase 400-amp service). Dedicated RV pad: 50-amp, sewer, gas, water. Tract 3 has a cleared second-home site with separate electric, water, and internet already run. Drive-around access fits trucks, trailers, and equipment. Property yields 40+ round bales of hay annually; bordered by a neighboring equestrian farm.
LOCATION: Minutes from Greeneville, Horse Creek Park, and Cherokee National Forest. Easy access to Johnson City, Kingsport, and the Tri-Cities.
Deed restrictions: no single-wide mobile homes; all buildings must use new materials designed for such purposes.
Agent Owner. Buyer/Buyer's agent to verify all info.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2026 | Sold | ||
| Sold | |||
| Jun 22, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Listed by Fathom Realty TN LLC | $649,000 | |
| Listed by Fathom Realty TN LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017