7-Unit Apartment
1223 Wateree Street, Kingsport, TN 37660
For Sale
$780,000
Multi Family, Kingsport, TN
Property SizeContact for details
Lot Size0.26 Acres
Days on Market117
Property Features for 1223 Wateree Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Water source
Amenities
mini-split systems
laundry hook-ups
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Weichert Realtors Saxon Clark KPT
(423) 765-9118
Listed By:
William Lokar · License TN #369044, VA #0225266068
(423) 612-4400
Added: Jul 17
Changed: Nov 3
Last Checked: Nov 10 at 5:06PM
MLS# 9998329
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.
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Investment Insights
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This 7-unit apartment building in Kingsport includes five 1-bedroom, 1-bath apartments and two 2-bedroom, 1-bath apartments. The brick structure was built in 1930 and has hardwood flooring, a metal roof, and mini-split heating and cooling in each unit. Laundry hookups are provided throughout; two apartments also have landlord-owned stackable laundry machines. Dishwashers, electric ranges, and refrigerators are listed among the appliances.
The 0.26-acre property is zoned R 1B. Reported building work includes a replacement roof, electrical updates, plumbing improvements, and crawl-space encapsulation. The apartments were reported fully occupied, with an 8.3% cap rate.
The 0.26-acre property is zoned R 1B. Reported building work includes a replacement roof, electrical updates, plumbing improvements, and crawl-space encapsulation. The apartments were reported fully occupied, with an 8.3% cap rate.
Key Highlights
- 7 apartments: five 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
- 0.26‑acre parcel zoned R 1B
- Brick construction; built in 1930, with a metal roof and hardwood flooring
Property Analytics
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
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Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
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Market
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The brick property offers a five-unit one-bedroom mix and two larger apartments, with laundry connections in every residence.
Where is this apartment building located?
The property is located at 1223 Wateree Street Kingsport, TN.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 7 apartments: five 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; 0.26‑acre parcel zoned R 1B; Brick construction; built in 1930, with a metal roof and hardwood flooring
