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    420 Wheatley St Kingsport, TN 37660

    For Sale
    $800,000

    MULTI_FAMILY - Kingsport, TN

    Property size:
    8,253 SF
    Lot size:
    0.57 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 420 Wheatley St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R 4
    Rooms
    Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2
    Bedrooms
    6
    APN
    061g A 022.00
    Appliances
    Electric Range, Microwave, Refrigerator
    Size
    8,253 SF
    Lot size
    0.57 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
    1971
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Tile, Laminate, Carpet
    Building materials
    Brick
    Roof type
    Shingle

    Greater Kingsport Realty (423) 433-6500 [email protected]

    Listing agent Alex Cooley (423) 723-9530 License #337588

    Listing date Nov 14, 2025

    MLS# 9985788 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 Multifamily Investment Opportunity

    This income-producing apartment building in Kingsport features a mix of floor plans, including two 3-bed/1-bath units, four 2-bed/1-bath units, and two 1-bed/1-bath units. All eight units are currently occupied by long-term tenants. The property includes an additional 421-square-foot storage area. Each apartment has its own individual power meter. The location is directly across from Eastman Headquarters. City water, sewer, and schools serve the property. Tenants benefit from ample on-site parking. The property is situated on a 0.57-acre lot. The building has 8,253 square feet of space and is located in Sullivan County. The zoning is R 4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.555466
    Latitude
    36.53353

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    FAQs

    What type of property is this?
    Apartment building - Income-producing 8-unit apartment building near Eastman Headquarters.
    Where is this apartment building located?
    The property is located at 420 Wheatley St Kingsport, TN.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Enjoy immediate and stable cash flow with all 8 units occupied by long-term tenants.; - Prime Location: Located directly across from Eastman Headquarters, guaranteeing strong tenant demand.; - Income Potential: Significant upside through future rent increases and a 421 sq. ft. storage area for extra income.
    (423) 723-9530
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    420 Wheatley St Kingsport, TN 37660
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    Kingsport, TN 37660
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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
    420 Wheatley St Kingsport, TN 37660
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