Brick Seven-Unit Apartment
For Sale
$825,000
1223 Wateree Street, Kingsport, TN 37660
MULTI_FAMILY - Other - Kingsport, TN
Property SizeContact for details
Lot Size0.26 Acres
Days on Market47
Property Features for 1223 Wateree Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R 1B
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Appliances
Dishwasher, Electric Range, Refrigerator
Subdivision
City Of Kingsport
Elementary school
Lincoln
Middle school
Sevier
High school
Dobyns Bennett
Directions
From Eastman Road follow Fort Henry Drive to Left on E Center St. Follow E. Center Street to right on Wateree St. Follow Wateree St. to the property on the left at the corner of Wateree and Oak St.
Standard status
Active
APN
046o E 04800 000
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
1805
Utilities
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
7
Flooring type
Hardwood
Building materials
Brick
Roof type
Metal
Architectural style
Other
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: Aug 2
Last Checked: Sep 1 at 10:06AM
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.
Investment Insights
Based on property information with market context.
Brick seven-unit apartment building at 1223 Wateree Street in Kingsport, TN. The property was built in 1930 and sits on a 0.26-acre lot. It features a metal roof, hardwood flooring, and apartments equipped with mini-split heating and cooling. Each unit includes laundry hookups, and the unit interiors include appliances such as a dishwasher, electric range, and refrigerator.
The complex consists of five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units. The property is reported as fully occupied. Upgrades include a new roof, updated electrical systems, and modernized plumbing, along with recent encapsulation of the crawl space to enhance structural integrity and energy efficiency.
Zoned R 1B, the property is reported to have a cap rate of 8.3%.
The complex consists of five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units. The property is reported as fully occupied. Upgrades include a new roof, updated electrical systems, and modernized plumbing, along with recent encapsulation of the crawl space to enhance structural integrity and energy efficiency.
Zoned R 1B, the property is reported to have a cap rate of 8.3%.
Key Highlights
- Seven‑unit mix: five 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath
- Mini‑split heating and cooling plus laundry hookups in every unit
- New roof, updated electrical, modernized plumbing, and crawl space encapsulation
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
505
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 - R 1B zoned seven-unit apartment building with mini-split heating and cooling, laundry hookups, and public water.
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 $825,000.
What are key features of this property?
This property features: Seven‑unit mix: five 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath; Mini‑split heating and cooling plus laundry hookups in every unit; New roof, updated electrical, modernized plumbing, and crawl space encapsulation
