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1223 Wateree Street, Kingsport, TN 37660

Kingsport
Local realty services provided by:CENTURY 21 Legacy
1223 Wateree Street,Kingsport, TN 37660
$825,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: william lokar
Office: weichert realtors saxon clark kpt
MLS#:9998329
Source:TNVA_MLS

Price summary

  • Price:$825,000

About this home

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...

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Home facts

  • Year built:1930
  • Subdivision & Development:City Of Kingsport
  • Listing ID #:9998329
  • Added:57 day(s) ago
  • Updated:September 13, 2026 at 03:37 PM

Rooms and interior

  • Flooring:Hardwood
  • Kitchen Description:Dishwasher, Electric Range, Refrigerator

Structure and exterior

  • Year built:1930
  • Lot area:0.26 Acres
  • Architectural Style:Traditional
  • Construction Materials:Brick

Schools

  • High school:Dobyns Bennett
  • Middle school:Sevier
  • Elementary school:Lincoln

Utilities

  • Water:Public

Finances and disclosures

  • Price:$825,000

Features and amenities

  • Appliances:Dishwasher, Electric Range, Refrigerator
  • Laundry features:Electric Dryer Hookup, Washer Hookup

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