Remodeled Kingsport Property: Two
1246 E Center Street, Kingsport, TN 37660
MULTI_FAMILY - Bungalow, Craftsman - Kingsport, TN
Property size:
3,948 SFLot size:
0.13 AcresPrice / SF:
$101/SF- Added:
- Mar 2, 2026
- Days on Market:
- 124
- Last Refresh:
- Jul 4 at 8:06 am
Property Features for 1246 E Center Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1B
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 5, Basement, Bathroom 2, Bathroom 1, Bedroom 2
- Window features
- Single Pane Window(s), Double Pane Windows
- Patio and Porch features
- Porch
- Interior features
- Granite Counters, Remodeled
- Basement
- Block, Dirt Floor
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 046n J 010.00
- Size
- 3,948 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 908
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Central
- Cooling system
- Ceiling Fan(s), Heat Pump, Central Air
- Water source
- Public
Building Details
- Year built
- 1928
- Floors in Building
- 2
- Number of units
- 10
- Flooring type
- Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Metal
- Architectural style
- Craftsman, Bungalow
- Additional Structures
- Guest House
Listing agent Laura Meade License #353048 (404) 433-7371
Listing office Property Advisors 132 W Depot Street Suite 205, Greeneville, TN (423) 787-0040
Listing date Mar 2, 2026
MLS# 9991985
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.
HighLights
- Remodeled Craftsman/Bungalow home built in 1928 with 4 bedrooms and 2.5 bathrooms
- New metal roof plus major updates including 3 new heat pumps, new windows, plumbing, electrical, and can lighting
- Main level includes master bedroom and laundry for 1‑level living
- Granite counters throughout kitchen and bathrooms with stainless steel appliances (dishwasher, electric range, microwave, refrigerator)
- Detached garage apartment out back with 1 bedroom and 1 bathroom, separate address and separate electric meter
- Short‑term rental income anticipated: $4,000–$4,500 for main house and $1,500–$1,800 for garage apartment
Overview
This remodeled property features two houses on a single lot, presenting an opportunity for investors and midterm rentals. The main house includes 4 bedrooms and 2.5 bathrooms, offering one-level living with a master suite and laundry on the main level. The home has been updated with a new metal roof, three new heat pumps, windows, plumbing, electrical systems, can lighting, and a water heater. The master suite features a custom walk-in shower with a bench and a granite countertop vanity. LVP flooring is installed throughout the house, complemented by new cabinets, fans, stainless steel appliances, and granite countertops in every bathroom and kitchen. Upstairs, there are 3 bedrooms, a full bath, and a living room area. Additionally, there is a detached garage apartment with 1 bedroom and 1 bath, featuring granite in the kitchen and a $2000 appliance allowance for the fridge and range. The detached garage apartment has a separate address and electric meter. The property, situated on a 0.13-acre lot, is suitable for house hacking or Airbnb, with potential revenue from the main house estimated at $4000-$4500 and the garage apartment at $1500-$1800. Furnishings can be included in the purchase for a turnkey operation. The property is located in Kingsport, TN.
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 | $53.1k | $13.44 |
| − Vacancy | −$2.9k | −$0.74 |
| EGI | $50.1k | $12.70 |
| − OpEx | −$22.6k | −$5.72 |
| NOI | $27.6k | $6.99 |
3,948 SF · lease $13.44/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$394.0K
$344.7K – $459.7K
NOI $27,579 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,492 @ 7.0% cap · market cap 25.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.543069
- Latitude
- 36.541797
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Two homes on one lot, ideal for investors.
Where is this short term rental property located?
The property is located at 1246 E Center Street Kingsport, TN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Remodeled Craftsman/Bungalow home built in 1928 with 4 bedrooms and 2.5 bathrooms; New metal roof plus major updates including 3 new heat pumps, new windows, plumbing, electrical, and can lighting; Main level includes master bedroom and laundry for 1‑level living
