Mixed-Use Building with Retail
105 Brookfield Drive Kingsport, TN 37663
New
105 Brookfield Drive, Kingsport, TN, 37663
$429,900
For Sale
$429,900
MULTI_FAMILY - Kingsport, TN
Property Size4,347 SF
Lot Size0.35 Acres
Price / SF$98.90
Days on Market2
Property Features for 105 Brookfield Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B 3
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
- Standard status
- Active
- APN
- 107p A 01700 000
- Size
- 4,347 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1655
Utilities
- Sewer type
- Septic Tank
- Cooling system
- Window Unit(s), Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 6
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency
KW Johnson City
(423) 433-6500
3009 Greenline Road, Johnson City, TN
Listed by
Ryan McKinney · License #322580
(423) 773-1607
Added: Jul 15 Checked: Jul 16 at 9:06 pm
MLS# 9998181
Listing URL
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes three one-bedroom residential apartments on the lower level and three commercial suites on the upper level, creating six separate leased spaces. The commercial component is approximately 1,850 square feet divided into three suites of approximately 400, 600, and 850 square feet. The property has seen significant exterior and systems improvements, including replacement windows, siding, and a roof completed approximately five years ago, as well as two water heaters installed approximately six years ago. The commercial suites have been updated with new flooring, fresh paint, renovated bathrooms, and electrical upgrades.
The building is operated with gross leases due to the existing plumbing configuration, where the water heaters serving Units 4 and 6 also supply neighboring units. There is a utility, management, and storage area separated from tenant spaces for building operations and maintenance. Parking for residential tenants is available at the rear of the building, with dedicated street-level parking for commercial access.
Zoned B-3, the property is located in an established Kingsport area with convenient access to major roadways, surrounding businesses, and residential neighborhoods. Financial information is available upon request, and buyers and agents are encouraged to verify all details.
The building is operated with gross leases due to the existing plumbing configuration, where the water heaters serving Units 4 and 6 also supply neighboring units. There is a utility, management, and storage area separated from tenant spaces for building operations and maintenance. Parking for residential tenants is available at the rear of the building, with dedicated street-level parking for commercial access.
Zoned B-3, the property is located in an established Kingsport area with convenient access to major roadways, surrounding businesses, and residential neighborhoods. Financial information is available upon request, and buyers and agents are encouraged to verify all details.
Key Highlights
- Fully leased mixed‑use property with six occupied units (3 residential apartments and 3 commercial suites).
- Commercial space totals approximately 1,850 SF across 3 suites (about 400, 600, and 850 SF).
- Approximately $47,940 in gross scheduled annual rental income currently.
Local Financial Insights For Apartment 5plus
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 | $58.4k | $13.44 |
| − Vacancy | −$3.2k | −$0.74 |
| EGI | $55.2k | $12.70 |
| − OpEx | −$24.8k | −$5.72 |
| NOI | $30.4k | $6.99 |
4,347 SF · lease $13.44/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Office B
$906.8K
$793.4K – $1.06M
NOI $63,473 @ 7.0% cap · market cap 14.76%
Second Best
Apartment 5plus
$433.8K
$379.6K – $506.1K
NOI $30,366 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,951 @ 7.0% cap · market cap 26.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Therapeutic Massage Associates
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully leased mixed-use property with three residential units and three commercial suites, zoned B-3.
Where is this apartment building located?
The property is located at 105 Brookfield Drive Kingsport, TN.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Fully leased mixed‑use property with six occupied units (3 residential apartments and 3 commercial suites).; Commercial space totals approximately 1,850 SF across 3 suites (about 400, 600, and 850 SF).; Approximately $47,940 in gross scheduled annual rental income currently.
