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    3404-3585 Frylee Ct Kingsport, TN 37664

    For Sale
    $13,400,000

    MULTI_FAMILY - Ranch - Kingsport, TN

    Type:Single Family Residence
    Property size:
    4,454 SF
    Lot size:
    8.56 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 3404-3585 Frylee Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bedroom 8, Bathroom 7, Bedroom 6, Bedroom 7, Bedroom 9, Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Dining Room, Bathroom 4, Bedroom 5, Bathroom 3, Bathroom 6, Bedroom 1
    Bedrooms
    9
    APN
    062g A 001.00
    Parking features
    Open, Driveway
    Patio and Porch features
    Patio, Porch
    Interior features
    Entrance Foyer, Granite Counters, Kitchen/Dining Combo, Open Floorplan, Pantry, Walk-In Closet(s)
    Appliances
    Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
    Size
    4,454 SF
    Lot size
    8.56 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Heat Pump
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    40
    Flooring type
    Vinyl
    Building materials
    Brick, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Ranch

    REALTY EXECUTIVES JOHNSON CITY (423) 952-0226

    Listing agent Meghan Masters (423) 202-5208 License #350908

    Listing date Nov 3, 2025

    MLS# 9987881 Listing URL

    Copyright © 2025 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.

    Overview

    Kingsport 40-Unit Single Family Community

    The Settlement at Frylee Court is a newly constructed single-family rental community in Kingsport, Tennessee, completed between 2023 and 2024. This portfolio consists of 40 single-family detached homes averaging 1,520 square feet across three distinct floorplans. Each residence features energy-efficient construction, contemporary finishes, and open layouts. The homes were developed for long-term durability and minimal maintenance. The community maintains 97.5%-100% occupancy with average monthly rents of $2,221. 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. Upscale design features include stainless steel appliances, premium flooring, spacious kitchens, and open-concept living spaces. The community is centrally located in Kingsport, offering convenient access to major employers, shopping, dining, and top-rated schools. The location ensures short commute times to major employment hubs. 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 property is situated on a lot that is 8.56 acres.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.507386
    Latitude
    36.528952

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    FAQs

    What type of property is this?
    Single family property - New construction single-family rental community in Kingsport, Tennessee.
    Where is this single family property located?
    The property is located at 3404-3585 Frylee Ct Kingsport, TN.
    What is the asking price?
    The asking price for this property is $13,400,000.
    What are key features of this property?
    This property features: - New construction (2023-2024): Modern, energy-efficient homes designed for minimal maintenance.; - Stabilized performance: Consistent high occupancy and strong NOI ($814,802) with a 6.08% cap rate.; - Flexible exit strategy: Homes are individually platted, allowing for individual sales or bulk disposition.
    (423) 202-5208
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    3404-3585 Frylee Ct Kingsport, TN 37664
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    Realmo Value Estimation

    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.

    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.

    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
    3404-3585 Frylee Ct Kingsport, TN 37664
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