Duplex With Detached Garage
For Sale
$399,900
1246 E Center Street, Kingsport, TN 37660
MULTI_FAMILY - Bungalow, Craftsman - Kingsport, TN
Property Size3,948 SF
Lot Size0.13 Acres
Price / SF$101.29
Days on Market155
Property Features for 1246 E Center Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1B
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
Window features
Double Pane Windows, Single Pane Window(s)
Patio and Porch features
Porch
Interior features
Granite Counters, Remodeled
Basement
Block, Dirt Floor
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Subdivision
City Of Kingsport
Elementary school
Lincoln
Middle school
Sevier
High school
Dobyns Bennett
Directions
Wilcox to Center Street, 2nd house on right
Standard status
Active
APN
046n J 010.00
Size
3,948 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
908
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Heat Pump, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1928
Floors in Building
2
Number of units
10
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Metal
Architectural style
Bungalow, Craftsman
Additional Structures
Guest House
Listing Agency:
LPT Realty - Griffin Home Group
(423) 482-0743
Listed By:
Laura Meade · License #353048
(404) 433-7371
Added: Mar 2
Changed: Aug 3
Last Checked: Aug 4 at 7:06AM
MLS# 9991985
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex-style property includes two homes on one lot, designed for flexible living and renting. The main house is a 4-bedroom, 2.5-bath residence with 1-level living, including the primary suite and laundry on the main level. The home has been remodeled throughout with a metal roof, new windows, plumbing, electrical, can lighting, water heater, and vinyl siding, plus new cabinets, LVP flooring, stainless steel appliances, and granite counters in the kitchen and bathrooms. Heating and cooling are supported by central systems and three new heat pumps. A porch adds outdoor space.
The bonus is a 1-bedroom, 1-bath detached garage apartment out back. It has a separate address assigned and a separate electric meter, supporting independent utility and operations. The detached unit includes a kitchen with granite counters. Utilities include cable available, with public water and public sewer.
Built in 1928 in a bungalow/craftsman style, the property also benefits from a basement and ceiling fans. It offers a practical setup for an owner-occupant seeking rental flexibility.
The bonus is a 1-bedroom, 1-bath detached garage apartment out back. It has a separate address assigned and a separate electric meter, supporting independent utility and operations. The detached unit includes a kitchen with granite counters. Utilities include cable available, with public water and public sewer.
Built in 1928 in a bungalow/craftsman style, the property also benefits from a basement and ceiling fans. It offers a practical setup for an owner-occupant seeking rental flexibility.
Key Highlights
- 0.13‑acre lot with two houses on one lot
- 3 new heat pumps plus central heating and central air
- Metal roof and vinyl siding after major remodel
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $11.40 |
| − Vacancy | −$2.9k | −$0.74 |
| EGI | $42.1k | $10.66 |
| − OpEx | −$12.6k | −$3.20 |
| NOI | $29.5k | $7.46 |
3,948 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $491.0K
NOI $29,457 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$394.0K
$344.7K – $459.7K
NOI $27,579 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,492 @ 7.0% cap · market cap 25.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Zoned R1B with a remodeled main home and a detached 1-bedroom/1-bath garage apartment with separate electric meter.
Where is this duplex located?
The property is located at 1246 E Center Street Kingsport, TN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 0.13‑acre lot with two houses on one lot; 3 new heat pumps plus central heating and central air; Metal roof and vinyl siding after major remodel
