Map
Listed price in listed location currency (USD).
$825,000

000

MLS® 9998329

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 5
Lot Size 0.26 Acres
Approx. Age 1930
MLS® Number 9998329

Property Address: 1223 Wateree St, Kingsport, TN, 37660-4567

Average square foot calculated using Size range provided by listing agent.

Description

Seize the chance to own this centrally located 7-unit multi-family property in Kingsport, TN, offering an excellent return on investment. The complex includes five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, all fully occupied with total monthly rents of $7, 090. Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord. The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency. With a cap rate of 8.3%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!
MLS® Number9998329
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
Basement
Driveway
Garage Spaces
HeatSee Remarks
A/CSee Remarks

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 17, 2026List Date
$825,000List Price
  • Commute

Commute

Starting Address
Destination Address
1223 Wateree St, Kingsport, TN

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