Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1246 E Center St Kingsport, TN 37660

    View on Map
    Sponsored
    For Sale
    $399,900

    MULTI_FAMILY - Bungalow, Craftsman - Kingsport, TN

    Property size:
    3,948 SF
    Lot size:
    0.13 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 4:06 am

    Property Features for 1246 E Center St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Single Pane Window(s), Double Pane Windows
    Zoning
    R1B
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Basement, Bedroom 4
    Bedrooms
    5
    APN
    046n J 010.00
    Patio and Porch features
    Porch
    Interior features
    Granite Counters, Remodeled
    Basement
    Dirt Floor, Block
    Appliances
    Dishwasher, Electric Range, Microwave, Refrigerator
    Size
    3,948 SF
    Lot size
    0.13 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Central
    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
    Craftsman, Bungalow
    Additional Structures
    Guest House

    We can help!

    Listing Contact
    Laura Meade

    The Property Experts Gville (423) 787-0040

    Listing agent Laura Meade (404) 433-7371 License #353048

    Listing date Mar 6, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Kingsport Property: Two Homes

    This remodeled property features two houses on a single lot, presenting an opportunity for investors and midterm rentals. The main house includes 4 bedrooms and 2.5 bathrooms, offering one-level living with a master suite and laundry on the main level. The home has been updated with a new metal roof, three new heat pumps, windows, plumbing, electrical systems, can lighting, and a water heater. The master suite features a custom walk-in shower with a bench and a granite countertop vanity. LVP flooring is installed throughout the house, complemented by new cabinets, fans, stainless steel appliances, and granite countertops in every bathroom and kitchen. Upstairs, there are 3 bedrooms, a full bath, and a living room area. Additionally, there is a detached garage apartment with 1 bedroom and 1 bath, featuring granite in the kitchen and a $2000 appliance allowance for the fridge and range. The detached garage apartment has a separate address and electric meter. The property, situated on a 0.13-acre lot, is suitable for house hacking or Airbnb, with potential revenue from the main house estimated at $4000-$4500 and the garage apartment at $1500-$1800. Furnishings can be included in the purchase for a turnkey operation. The property is located in Kingsport, TN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.543069
    Latitude
    36.541797

    Nearby Similar for Sale

    • $1,295,000
      4,000 SF

      Versatile Commercial Building on 4.3 Acres

      Commercial building with office space, garage doors, and outdoor space.
      3930 E Stone Dr, Kingsport, TN 37660
      View Details
    • $949,900
      800 SF

      Versatile Commercial Property in Kingsport

      5,600+/- SF commercial property with fenced lot in high-traffic area.
      475 Morelock St, Kingsport, TN 37660
      View Details
    • $419,000
      4,121 SF

      Kingsport Retail/Commercial Opportunity For Sale

      Retail/commercial building with high visibility and flexible layout in Kingsport.
      3504 Fort Henry Dr, Kingsport, TN 37664
      View Details
    • $600,000
      3,393 SF

      Kingsport Medical Office Space

      First-floor medical office in a prime Kingsport location.
      444 Clinchfield St, Kingsport, TN 37660
      View Details
    • $169,900
      1,023 SF

      Downtown Kingsport Office/Business Space

      Updated office space in downtown Kingsport with high visibility.
      1028 E Center St, Kingsport, TN 37660
      View Details
    • $99,900
      2,014 SF

      Kingsport Commercial Space For Sale

      Commercial space with recent upgrades on a busy street.
      820 E Center St, Kingsport, TN 37660
      View Details
    • $239,000
      4,582 SF

      Downtown Kingsport Commercial Space

      Cleared commercial space in downtown Kingsport, ready for new business.
      104 W Main St, Kingsport, TN 37660
      View Details
    • $199,900
      1,760 SF

      Kingsport Mixed-Use Commercial Property

      Mixed-use property in downtown Kingsport with high-traffic visibility.
      343 E Sullivan St, Kingsport, TN 37660
      View Details
    • $1,265,000
      8,760 SF

      High Visibility Kingsport Commercial Property

      Mixed-use investment or owner-operator opportunity in a busy business district.
      733 W Stone Dr, Kingsport, TN 37660
      View Details
    • $1,299,000
      9,000 SF

      Kingsport Commercial Property For Sale

      High-visibility commercial property with versatile building and highway access.
      1251 Montvue Rd, Kingsport, TN 37663
      View Details
    • $500,000
      Pending

      Kingsport Multifamily Investment Opportunity

      Six-unit multifamily property with value-add potential and existing cash flow.
      2008 Bloomingdale Rd, Kingsport, TN 37660
      View Details
    • $599,000
      7,912 SF

      Kingsport Commercial Property For Sale

      Retail and industrial property near Walmart and Fort Henry Mall.
      2303 Fort Henry Dr, Kingsport, TN 37664
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Two homes on one lot, ideal for investors.
    Where is this short term rental property located?
    The property is located at 1246 E Center St 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: - Two houses on one lot: 4-bedroom main house and separate 1-bedroom garage apartment with own address and electric meter.; - Completely remodeled main house with **new metal roof, 3 new heat pumps, windows, plumbing, electrical, lighting, water heater, siding, and LVP flooring throughout.**; - **Main-level master suite with custom walk-in shower, granite countertop vanity, and large closet.**
    (404) 433-7371
    Request Owner's contact information
    1246 E Center St Kingsport, TN 37660
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1246 E Center St
    Kingsport, TN 37660
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1246 E Center St Kingsport, TN 37660
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Laura Meade
    Real Estate License ID: 353048
    (404) 433-7371
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!