Two-Level Mixed-Use
For Sale
$429,900
Pending
105 Brookfield Drive, Kingsport, TN 37663
Multi Family, Kingsport, TN
Property Size4,347 SF
Lot Size0.35 Acres
Days on Market93
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Property Features for 105 Brookfield Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B 3
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2
Subdivision
Brookfield Place
Elementary school
Miller Perry
Middle school
Sullivan Heights Middle
High school
West Ridge
Directions
From Kingsport or Johnson City, take Hwy 36 into Colonial Heights and turn onto Brookfield Dr. Building almost immediately on right. (Pay attention not to confuse this Brookfield Dr with Brookfield Ln a few streets down.)
Standard status
Pending
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 · Keller Williams Realty
(423) 433-6500
Listed By:
Ryan McKinney · License #322580
(423) 773-1607
Added: Jul 15
Changed: Oct 8
Last Checked: Oct 15 at 5:06PM
MLS# 9998181
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 two-level mixed-use property contains three one-bedroom apartments on the lower level and three commercial suites above, providing six occupied units within one building. The commercial area totals approximately 1,850 square feet, with suites measuring approximately 400, 600, and 850 square feet. Updates include replacement windows, siding, and a roof completed approximately five years ago, plus two water heaters installed approximately six years ago. The commercial spaces feature updated flooring, paint, bathrooms, and electrical components.
Rear parking serves residential occupants, while street-level parking supports access to the commercial suites. A separate utility, management, and storage area supports building operations. The property is zoned B 3 and includes public water, a septic tank, vinyl siding, shingle roofing, and wall and window unit cooling. Located in Kingsport, the property offers access to major roadways, nearby businesses, and residential areas.
Rear parking serves residential occupants, while street-level parking supports access to the commercial suites. A separate utility, management, and storage area supports building operations. The property is zoned B 3 and includes public water, a septic tank, vinyl siding, shingle roofing, and wall and window unit cooling. Located in Kingsport, the property offers access to major roadways, nearby businesses, and residential areas.
Key Highlights
- Six occupied units: three one‑bedroom apartments and three commercial suites
- Approximately 1,850 square feet of commercial space in suites of approximately 400, 600, and 850 square feet
- 4,347 square feet on a 0.35‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,145
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,900
$762.9K
Cap Rate 7%
$544,929
$544.9K
Cap Rate 9%
$423,833
$423.8K
Market Conditions
NOI Build-Up for 4,347 SF
Gross rent
$67.8K $15.60/SF
− Vacancy
−$6.8K −$1.56/SF
EGI
$61.0K $14.04/SF
− OpEx
−$22.9K −$5.27/SF
NOI
$38.1K $8.77/SF
Area
Sullivan County, TN
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,900
Cap Rate 7%
$544,929
Cap Rate 9%
$423,833
Alternative Uses
Best Use
Mixed Use
$544.9K
$476.8K – $635.8K
NOI $38,145 @ 7.0% cap · market cap 8.87%
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 authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 37663, TN
14,392
Population
6,679
Households
2.2
Avg Household Size
47
Median Age
34%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
558
Density / Sq Mi
$76,122
Median Household Income
$45,399
Median Earnings
$886
Median Rent
$224,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments and three commercial suites combine residential occupancy with neighborhood business space.
Where is this mixed-use property 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: Six occupied units: three one‑bedroom apartments and three commercial suites; Approximately 1,850 square feet of commercial space in suites of approximately 400, 600, and 850 square feet; 4,347 square feet on a 0.35‑acre lot
