Courtesy: Blue Ridge Properties
423-247-4181
This investment property—featuring a quadplex and a standalone house—offers immediate rental income with over an 8% cap rate. Unlike properties priced for potential earnings, this opportunity allows you to buy at today's income and grow into future potential, ensuring a solid return from day one while leaving room for increased cash flow over time. The current owner has stabilized rents at a sustainable level, providing an opportunity for future rent increases as further improvements are made and as the market naturally appreciates. Recent updates include new windows, updated flooring, and mini-split units, enhancing efficiency and tenant satisfaction. Unit 8 has been intentionally left vacant for showings, allowing the new owner to decide its best use. High rental demand is already proven, with multiple inquiries received for this unit alone. Located in Kingsport, close to shopping, dining, and essential amenities, this property ensures strong occupancy and long-term tenant appeal. Whether you're a seasoned investor or entering the market, this is a rare opportunity to generate immediate cash flow while strategically increasing returns over time.
Courtesy: Property Advisors
423-787-0040
Beautifully remodeled with house hacking in mind! Investors and midterm rentals check this one out! 2 Houses on 1 lot! This 4 bedroom 2.5 bath home has had a major makeover head to toe! 1 level living with master and laundry on the main level! New metal roof, 3 new heat pumps, windows, plumbing, electrical, can lighting, water heater, etc The extra large master suite has a custom walk in shower with bench, granite countertop vanity, extra large wide opening closet doors LVP is throughout the house, brand new cabinets, fans, stainless steel appliances, granite in every bathroom and kitchen. All new light fixtures, roof, siding, the works! Upstairs you'll see 3 bedrooms and a full bath along with a living room area for kiddo activities. Now.... he's the bonus.... there is a 1 bedroom 1 bath detached garage apartment out back! granite in the kitchen with a $2000 appliance allowance for you to select your fridge and range Live in one of the houses, and rent the other out! Would be a great house hack or airbnb potential! So many possibilities on this one to have your wheels turning. The detached garage apartment does have a separate address assigned along with separate electric meter! Property has been evaluated by local Short Term Property Manager. Can add all furnishings into purchase so it's turn key within weeks of closing. Main house airbnb revenue is anticipated $4000-$4500 and the garage apartment is estimated at $1500-$1800 Call today to schedule your private showing! Owner/agent Buyer/buyer's agent to verify
Courtesy: SVN Accel Commercial Real Estate
615-671-4544
SVN Accel Commercial Real Estate is pleased to present Magnolia Ridge Apartments, an 11-unit multifamily investment opportunity located at 1433 Stratford Road in Kingsport, Tennessee. This fully renovated and stabilized asset offers immediate in-place cash flow with continued upside through future rent growth in a market experiencing strong demand and limited multifamily inventory. Magnolia Ridge features a balanced unit mix of: (1) 3BR / 2BA (4) 1BR / 1BA (6) 2BR / 1BA All units are separately metered for electricity, with water and trash billed back to tenants, providing operational efficiency and expense recovery. Ownership has invested approximately $250,000+ in capital improvements, delivering a true turnkey opportunity. Renovations include new flooring, fixtures, appliances, interior and exterior paint, upgraded electrical and plumbing systems, water heater replacements, windows, patio doors, pavement improvements, enhanced site lighting, security cameras, gutter guards, and full bathroom upgrades. With major capital improvements completed and the asset stabilized, Magnolia Ridge presents investors with a low-maintenance opportunity featuring durable cash flow and embedded rental upside in a supply-constrained Tri-Cities market.
Courtesy: North East Tennessee Real Estate, LLC
423-282-1050
Where can you find a multi-family property for less that 100K per door? RIGHT HERE! At only 90K per unit this property is a great investment! Remodeling has been ongoing for the last few years including a new roof, sprinkler system, and lots more both inside and out. Lots of storage on site, ample parking,5 ground level units, two 2nd story units with private entrances. All tenants pay their own power and water Spacious units and lots of yard space for kids and pets and enough land to build more units if desired. Two lots (.22 & .33 ac) have already been subdivided and ready to build on if desired. Great location!
Courtesy: KW Johnson City
423-433-6500
Prime opportunity for investors! This property offers two buildings with three rental units, providing multiple income streams from a single purchase. 1108 Fairview Ave is a single family home and 1110 Fairview Ave is a duplex. Perfect for seasoned investors or those looking to build their rental portfolio. With strong rental demand and versatile potential, this multi-family property is an excellent addition to your investment strategy. The desirable area is convenient for everyone, just minutes to restaurants, grocery stores, I-26, and much more! Schedule your showing today! Buyer/Buyer's Agent to verify all information.
Courtesy: Property Executives Johnson City
423-952-0226
*40 UNIT- NEWER CONSTRUCTION, SINGLE FAMILY DETACHED RENTAL HOME COMMUNITY FOR SALE! * The Settlement at Frylee Court represents a rare opportunity to acquire a fully stabilized, newly constructed single-family rental (SFR) community in the heart of Kingsport, Tennessee. Completed between 2023 and 2024, this high-quality portfolio consists of 40 SINGLE FAMILY-DETACHED homes averaging 1,520 square feet across three distinct floorplans. Designed for modern living, each residence features energy-efficient construction, contemporary finishes, and thoughtfully designed open layouts. The homes were developed with long-term durability and minimal maintenance in mind, resulting in operational efficiency and predictable performance for ownership. Currently maintaining 97.5%-100% occupancy with average monthly rents of $2,221, the community is fully stabilized and performing exceptionally well within the local rental market. Each home is platted on its own lot, providing investors with the flexibility to hold the portfolio for long-term cash flow or pursue a phased exit strategy through individual home sales. Investment Highlights •New Construction (2023-2024): Modern, energy-efficient homes designed to minimize maintenance and maximize tenant satisfaction. •Stabilized Performance: Consistent occupancy near 100% and a proven rent roll delivering a $814, 802 NOI and 6.08% cap rate. •Attractive Rent Growth: Projected annual rent increases of 5%, driven by strong demand for quality rental housing in Kingsport. •Luxury Appeal: Upscale design features including stainless steel appliances, premium flooring, spacious kitchens, and open-concept living spaces. •Prime Location: Centrally located in Kingsport City Limits, offering convenient access to major employers, shopping, dining, and top-rated schools. •Diversified Floorplans: Three different home layouts catering to a range of lifestyles, from young professionals to families and retirees. •Flexible Exit Strategy: Homes are individually platted, allowing for individual sales or bulk disposition to maximize investment return. •Strong Market Fundamentals: Kingsport's steady population growth, affordability, and employment stability support long-term investor confidence. Situated in the rapidly growing Tri-Cities region of Northeast Tennessee, Kingsport has emerged as a strong-performing rental market, driven by steady population growth, economic expansion, and limited supply of new single-family homes. The area benefits from proximity to major regional employers in healthcare, manufacturing, education, and logistics, including Eastman Chemical, Ballad Health, and the Kingsport City School District. The community's central location ensures short commute times to major employment hubs, while the surrounding infrastructure and established neighborhood appeal makeS Frylee Court an ideal choice for stable, long-term tenancy. As one of the only single-family rental home communities in the Tri-Cities Region, Frylee Court is positioned to outperform in occupancy and rent growth while maintaining operational stability. With its flexible ownership structure, strategic location, and enduring demand for high-quality housing, this community stands out as a premier investment opportunity in East Tennessee.
Courtesy: Holston Realty, Inc.
423-793-8109
Investor Special - 6 Rental Units on Woodland Ave! Unique opportunity featuring a total of 6 income-producing units across 3 parcels in Kingsport, TN. 1530 Woodland Ave: 4BR/2BA all-brick home, 1,765 sq ft with full unfinished basement, heat pump, gas logs, on 0.36-acre lot. Rented for $950/mo. 1531 Woodland Ave: Four 2BR/1.5BA townhouse-style units, approx. 1,050 sq ft each. Each unit has separate heat pump, electric, and originally separate water meters (currently on one shared water meter w/water included in rent). Three units updated with new flooring, paint, appliances, and baths. 0.4-acre lot offers room to build more. Rented for $925, $925, $925, and $400/mo. 1530 ½ Woodland Ave: 2BR/1BA 600 sq ft all-brick home with two-car garage and heat pump. Rented for $800/mo. Total rent: $4,850/month. Strong rental history and room to expand make this a solid investment in a convenient location!
Andrea D. Conner, License 344441, Xome Inc., License 262361, [email protected], 844-400-XOME (9663), 751 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067
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Kingsport is located in Tennessee. Kingsport, Tennessee has a population of 55,019. Kingsport is less family-centric than the surrounding county with 22.66% of the households containing married families with children. The county average for households married with children is 25.58%.
The median household income in Kingsport, Tennessee is $43,025. The median household income for the surrounding county is $49,661 compared to the national median of $69,021. The median age of people living in Kingsport is 45.2 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 25.4 degrees. The average rainfall is approximately 43.9 inches per year, with 9.4 inches of snow per year.
