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

1425-1405 Stratford Rd, Unit A-X Kingsport, TN 37664

Sponsored
For Sale
$2,195,000

COMMERCIAL - Kingsport, TN

Property size:
24,420 SF
Lot size:
1.82 Acres
Days on Market:
9
Last Refresh:
Feb 7 at 6:06 am

Property Features for 1425-1405 Stratford Rd

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Zoning
R3
APN
062p G 008.00
Size
24,420 SF
Lot size
1.82 Acres

Utilities

Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public

Building Details

Year built
1979
Building materials
Vinyl Siding
Roof type
Shingle

We can help!

Listing Contact
Garrett Addington

The Addington Agency Bristol (423) 845-5800

Listing agent Garrett Addington (423) 646-1060 License #337697

Listing date Jan 30, 2026

MLS# 9990694

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

Kingsport Multifamily Investment Opportunity

This multifamily property, Green Valley Manor, features 24 units across six individually deeded quadplexes. Each unit includes 2 bedrooms, 1 bathroom, laundry hookups, private balconies, dedicated kitchen and dining space, and spacious living areas. The property is individually metered throughout. Exterior renovations, including a new roof, windows, and siding, were completed in 2019. Select units have received interior upgrades such as updated flooring, cabinetry, appliances, and finishes. Seven of the 24 units are intentionally held vacant to preserve maximum flexibility during disposition, as current ownership operates under rent limitations associated with its funding structure. Upon transfer of ownership, these rent limitations do not carry forward, aside from honoring existing lease terms, allowing a new owner to lease vacant units and renew tenants at market rates. The property is positioned in a convenient and well-established area of Kingsport, with direct access to Fort Henry Drive, Stone Drive, and major regional corridors including I-81 and I-26. It is located minutes from a growing employment base anchored by major manufacturers and corporate employers such as Eastman Chemical Company and Domtar. The area benefits from a diversified economy spanning healthcare, industrial, and service sectors. The property is suitable for various investment strategies, including selling off individual buildings, exploring short-term rentals where permitted, or continuing to enjoy cash flow from a stabilized asset. The lot size is 1.82 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Kingsport
County
Sullivan
State
Tennessee
Longitude
-82.510878
Latitude
36.522876

FAQs

What type of property is this?
Quadplex - 24-unit multifamily property in Kingsport, TN with value-add potential.
Where is this quadplex located?
The property is located at 1425-1405 Stratford Rd, Unit A-X Kingsport, TN.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: - Immediate Value-Add Opportunity: Seven vacant units provide immediate upside by leasing at market rates (pro forma rents $900-$950), significantly increasing NOI.; - Strong Cash Flow with Upside: Property currently generates a strong return with potential to achieve $180,000-$190,000 annual NOI through lease-up and market-rate renewals.; - Flexible Investment: Individually deeded quadplexes allow for selling individual buildings to offset capital or exploring alternative strategies like short-term rentals.
More about this property
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