532 Tansey Lane, Kingsport, TN 37660
COMMERCIAL - Kingsport, TN
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 9:06 am
Property Features for 532 Tansey Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R 2A
- Standard status
- Active
- APN
- 031a E 011.00
- Size
- 2,117 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1437
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1973
- Building materials
- Brick
- Roof type
- Metal
Listing agent Sheila Postell License #18643 (423) 677-1440
Listing office Blue Ridge Properties 321 Broad Street, Kingsport, TN (423) 247-4181
Listing date Jun 24, 2026
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.
HighLights
- 4‑unit all‑brick building built in 1973
- Unit mix: three 2‑bedroom units and one 1‑bedroom unit
- All units have 1 bathroom
- Open living/dining floor plans with kitchen including appliances
- Metal roof; heat pump heating and heat pump cooling
- Public water and septic tank sewer
Overview
The property is located in a peaceful residential area while also being described as centrally located. The lot is noted as level and the building is positioned to provide mountain views.
The unit mix may appeal to tenants looking for either two-bedroom layouts or a one-bedroom option within the same property. For buyers, this configuration offers multiple independently leasable units under a single, all-brick exterior, with kitchens and open living spaces already established in each apartment.
Local 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 | $24.1k | $11.40 |
| − Vacancy | −$1.6k | −$0.74 |
| EGI | $22.6k | $10.66 |
| − OpEx | −$6.8k | −$3.20 |
| NOI | $15.8k | $7.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.507366
- Latitude
- 36.582271
