7-Unit Apartment
For Sale
$825,000
1223 Wateree St, Kingsport, TN 37660
Fully occupied apartment property with updated building systems and in-unit laundry hookups.
Property Size11,326 SF
Price / SF$72.84
Days on Market42
Property Features for 1223 Wateree St
General Information
Standard status
Active
Size
11,326 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
5 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
7
Additional Details
Cap Rate
8.3%
Amenities
mini-split systems
laundry hook-ups
Building Details
Year Built
1930
Listing Agency:
The Realty Shop
(423) 429-5214
Listed By:
The Freck Group, Shad Freck, Stephanie M
(423) 429-5214
Source:
Livinginjohnsoncity
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Realty Shop
Investment Insights
Based on property information with market context.
This 7-unit apartment property includes five one-bedroom, one-bath residences and two two-bedroom, one-bath residences. All units are occupied and feature mini-split heating and cooling systems, along with laundry hookups. Two apartments also include landlord-owned stackable laundry units.
Property improvements include a new roof, upgraded electrical service, modernized plumbing, and an encapsulated crawl space. Built in 1930, the building contains 11,326 square feet and is located on Wateree St in Kingsport, Tennessee. The property carries an 8.3% cap rate.
Property improvements include a new roof, upgraded electrical service, modernized plumbing, and an encapsulated crawl space. Built in 1930, the building contains 11,326 square feet and is located on Wateree St in Kingsport, Tennessee. The property carries an 8.3% cap rate.
Key Highlights
- 7 units: five 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
- All units fully occupied
- 11,326 square feet; built in 1930
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with updated building systems and in-unit laundry hookups.
Where is this apartment building located?
The property is located at 1223 Wateree St Kingsport, TN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 7 units: five 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; All units fully occupied; 11,326 square feet; built in 1930
