206 Gay Street

Closed 11/19/25
Closed 11/19/25
bramble-0001
Screenshot 2025-03-07 092725
DSC_5351
IMG_0345
downstairsbramble
Copy+of+22538960_2007813329233836_734476
DSC_3056c
IMG_0105
IMG_0117
IMG_0122
IMG_0136
IMG_0325
IMG_9107
brambleempty
IMG_6638
upstairspowder,laundryroom
IMG_7705
15ed4f2f-1d2c-4c64-9dd2-1aa80ea1a9c1
4ce4296d-c44f-4476-959f-0cff5d323fdc
85734361-2fc9-4d99-b431-19567b5892e4
e0326218-5079-406b-af1b-3f3ca0b7992e
4dad50fd-17f5-4789-ae35-7f0cd779227f
7c798932-4532-466f-90cd-38fac5bb1fb3
79da71ee-a6c1-4441-b508-a7b2b0d6c211
720cd0de-1d63-43f8-a462-94bef6f6e38e
fa44ef8e-0e37-4707-a110-180918c6751a
Sold
Last Sold Price
$535,000
4 beds8,792 sqft
206 Gay St, Erwin, TN 37650
Multi FamilyProperty Type
0.11 acresLot Size
1910Year Built
$61/sq ftPrice per sq ft

Description

Own a Piece of Erwin's History - A Fully Renovated, Income-Producing Gem. Step into the past while embracing the future with this historic property in the heart of downtown Erwin. This beautifully restored building has been transformed into a multi-use space. The newly renovated interiors preserve the charm of its 1910 origins while offering modern conveniences. The first floor currently operates as an event venue, complete with a caterer's kitchen, making it an ideal setting for weddings, corporate...Own a Piece of Erwin's History - A Fully Renovated, Income-Producing Gem. Step into the past while embracing the future with this historic property in the heart of downtown Erwin. This beautifully restored building has been transformed into a multi-use space. The newly renovated interiors preserve the charm of its 1910 origins while offering modern conveniences. The first floor currently operates as an event venue, complete with a caterer's kitchen, making it an ideal setting for weddings, corporate events, pop-up markets, or even a unique restaurant concept. But the possibilities don't stop there—this space is a blank canvas waiting for your business dream to come to life! From a brewery or coffee shop to a retail storefront, art gallery, or co-working hub, this property has many possibilities. Two fully renovated apartments upstairs, one of which is a successful Airbnb, this property is not only a turnkey income generator but also a perfect space for short-term or long-term rentals. An additional private office space offers flexibility for remote work, creative endeavors, or even a boutique business suite. What a great opportunity to be a part of Erwin's history.
  • Listed by: Bryan Sangid • The Elite Team Agency
  • Listed by: Joe Wilson • The Elite Team Agency
Listing closed: 11/19/2025 12:00 AM • Source: Tennessee Virginia Regional MLS, MLS#: 9977982

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$440,000

Avg days on market

82

Sale-to-list ratio

95.3%

Erwin, TN

9 comparable properties found

$215,000 | 1380 Rock Creek Road, Erwin, TN 37650
1/24
1

$215,000

Sold 12/04/25

4
Bedrooms
2,632
Square Feet
0.39
Acres

1380 Rock Creek Road, Erwin, TN 37650

$295,000 | 329 Academy Street, Erwin, TN 37650
1/33
2

$295,000

Sold 06/26/25

4
Bedrooms
2,120
Square Feet
0.11
Acres

329 Academy Street, Erwin, TN 37650

$127,000 | 415 Walnut Street, Erwin, TN 37650
1/17
3

$127,000

Sold 11/08/24

4
Bedrooms
1,413
Square Feet
0.17
Acres

415 Walnut Street, Erwin, TN 37650

$205,000 | 945 North Elm Avenue, Erwin, TN 37650
1/47
4

$205,000

Sold 07/30/26

4
Bedrooms
1,712
Square Feet
0.52
Acres

945 North Elm Avenue, Erwin, TN 37650

$519,900 | 511 Old Stage Road, Erwin, TN 37650
1/45
5

$519,900

Sold 04/21/26

4
Bedrooms
3,245
Square Feet
0.34
Acres

511 Old Stage Road, Erwin, TN 37650

$440,000 | 557 Valley Avenue, Erwin, TN 37650
1/67
6

$440,000

Sold 04/16/26

4
Bedrooms
3,228
Square Feet
0.44
Acres

557 Valley Avenue, Erwin, TN 37650

$500,000 | 320 Simmons Avenue, Erwin, TN 37650
1/97
7

$500,000

Sold 08/18/25

4
Bedrooms
3,399
Square Feet
1.78
Acres

320 Simmons Avenue, Erwin, TN 37650

$450,000 | 955 9th Street, Erwin, TN 37650
1/57
8

$450,000

Sold 03/25/26

4
Bedrooms
2,554
Square Feet
0.91
Acres

955 9th Street, Erwin, TN 37650

$515,000 | 204 Luttrell Street, Erwin, TN 37650
1/60
9

$515,000

Sold 03/06/26

4
Bedrooms
3,591
Square Feet
1
Acres

204 Luttrell Street, Erwin, TN 37650

Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of The Elite Team Agency, Bryan Sangid (423.747.8010); The Elite Team Agency, Joe Wilson (423.444.5678)

Sold By The Elite Team Agency, Dylan Holly (423.430.7807)

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$3,302 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,856

Property Taxes

$446

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 206 Gay Street

Property Details
  • Taxes: $5,349 / year
  • MLS Type: Multi Family / Multi Family
  • County: Unicoi County
  • Architectural Style: Historic
  • Zoning: Commercial
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1910
  • Lot Size: 0.11 AC / 4,791 SF
Summary
Location and General Information
  • City: Erwin
  • County: Unicoi
  • Directions: Directions from tri-cities Take Interstate 26 East. Take exit 37 for TN-81 and turn left toward Erwin. Turn right on to North Main Avenue. Turn left on to Gay Street Property will be located on your right.
  • Latitude: 36.14
  • Longitude: -82.42
  • Postal Code: 37650
  • State Or Province: TN
  • Topography: See Remarks
  • General Property Description : Zoning: Commercial
Taxes and HOA Information
  • Association: No
  • Parcel Number: 023n W 002.03
  • Association Fee: 0.0
  • Location Tax Legal Info : City Taxes: $1,993.60
  • Location Tax Legal Info : County Taxes: $3,355.01
School Information
  • High School: Unicoi Co
  • Middle Or Junior School: Unicoi Co
  • Elementary School: Rock Creek
Property
Lot Information
  • Lot Size Dimensions: */- .11 acres
  • Lot Size Square Feet: 4,791.60
  • Lot Size Acres: 0.11
  • Lot Size Area: .11
  • Lot Size Units: Acres
  • Building Area Total: 8,792.00
  • General Property Description : Acres: .11
Property and Assessments
  • Property Type: Multi Family
  • Year Built: 1910
  • Property Sub Type: Multi Family
  • Property Type Label: Multi Family
Utilities
  • Utilities: See Remarks
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Stories: 2
  • General Property Description : Stories: 2
Exterior Features
  • Construction Materials: Brick
  • Roof: Other
  • Heating : Heat Pump: Central
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • General Property Description : # of Units: 1.00
  • General Property Description : Total Units: 4.00
Unit 1
  • Unit 1 : SqFt: 8792
Unit 2
  • Unit 2 : # Bedrooms: 2
  • Unit 2 : # Bathrooms: 1.00
Unit 3
  • Unit 3 : # Bedrooms: 2
  • Unit 3 : # Bathrooms: 1.0
Unit 4
  • Unit 4 : # Units: 1

Property History for 206 Gay Street

DateEvent & SourcePriceAppreciation
Nov 19, 2025

Closed

Tennessee Virginia Regional MLS #9977982

$535,000—
Oct 2, 2025

Contract - Not Showing

Tennessee Virginia Regional MLS #9977982

—
Sep 3, 2025

Listed (Active)

Tennessee Virginia Regional MLS #9977982

$725,000—
DateEvent & SourcePrice
11/19/2025

Closed

Tennessee Virginia Regional MLS #9977982

$535,000
10/02/2025

Contract - Not Showing

Tennessee Virginia Regional MLS #9977982

—
09/03/2025

Listed (Active)

Tennessee Virginia Regional MLS #9977982

$725,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 206 Gay Street

This home is within Unicoi County School District.
Rating
School
Type
Grades
Distance
Rock Creek Elementary School
Public - K to 5
Unicoi County Middle School
Public - 6 to 8
Unicoi County High School
Public - 9 to 12
Rating
School
Distance
Rock Creek Elementary School
PublicK to 5

Unicoi County Middle School
Public6 to 8

Unicoi County High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 37650

$369,900 | 209 1st Street, Erwin, TN 37650
1/48
New

$369,900

Unavailable
Bedrooms
2,569
Square Feet
0.17
Acres

209 1st Street, Erwin, TN 37650

a front view of a house with a yard
1/62

$539,900

Unavailable
Bedrooms
2,204
Square Feet
0.27
Acres

404 Love Street, Erwin, TN 37650

a front view of a house with a yard
1/35

$199,000

Unavailable
Bedrooms
1,517
Square Feet
0.34
Acres

210 Florida Avenue, Erwin, TN 37650

a front view of a house with a yard and porch
1/40

$339,900

Unavailable
Bedrooms
1,814
Square Feet
0.28
Acres

103 Mesa Drive, Erwin, TN 37650

a front view of a house with garden
1/44

$534,900

Unavailable
Bedrooms
2,466
Square Feet
0.24
Acres

608 Love Street, Erwin, TN 37650

$160,000 | 128 North Elm Avenue, Erwin, TN 37650
1/8

$160,000

Unavailable
Bedrooms
2,399
Square Feet
0.13
Acres

128 North Elm Avenue, Erwin, TN 37650

$389,500 | 334 Catawba Street, Erwin, TN 37650
1/42

$389,500

Unavailable
Bedrooms
1,946
Square Feet
0.19
Acres

334 Catawba Street, Erwin, TN 37650

$649,000 | 214 Union Street, Erwin, TN 37650
1/59

$649,000

Unavailable
Bedrooms
4,990
Square Feet
0.11
Acres

214 Union Street, Erwin, TN 37650

$259,000 | 875 Rock Creek Road, Erwin, TN 37650
1/25

$259,000

Unavailable
Bedrooms
1,000
Square Feet
0.47
Acres

875 Rock Creek Road, Erwin, TN 37650

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 206 Gay Street, Erwin, TN 37650
$535,000
4
–
8,792
4,791
206-208 Gay Street, Unit 7, Erwin, TN 37650
$115,000
4
–
7,760
4,732
208 Gay Street, Unit 206, Erwin, TN 37650
$535,000
–
3.5
12,924
2,265,120
100 South Main Avenue, Erwin, TN 37650
–
–
2
5,855
3,963,960
102 South Main Avenue, Erwin, TN 37650
–
–
1.5
6,352
2,221,560
212 Gay Street, Unit 210, Erwin, TN 37650
$240,000
–
3.5
9,835
5,668

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Elite Team Agency, Bryan Sangid (423.747.8010); The Elite Team Agency, Joe Wilson (423.444.5678)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 11/20/2025 09:49 PM