Remodeled Furnished
For Sale
$595,000
1300 Holyoke St, Kingsport, TN 37664
Updated brick property with furnished units, individual HVAC systems, and separate utility metering.
Property Size3,248 SF
Price / SF$183.19
Days on Market54
Property Features for 1300 Holyoke St
General Information
Standard status
Active
Size
3,248 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Furnished
Yes
Building Details
Year Built
1967
Construction
brick
Listing Agency:
Remax Real Estate Ten Of Morristown
Listed By:
The Freck Group, Shad Freck, Stephanie M
(423) 429-5214
Source:
Livinginjohnsoncity
Added: Aug 23
Changed: Oct 15
Last Checked: Oct 14 at 10:40PM
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 Remax Real Estate Ten Of Morristown
Investment Insights
Based on property information with market context.
This 3,248-square-foot quadplex contains four furnished units, each arranged with two bedrooms and one full bathroom. Built in 1967, the property has received extensive updates, including new flooring, interior paint, appliances, plumbing, HVAC equipment, windows, and a metal roof. Its brick exterior and metal roofing reduce the scope of ongoing exterior maintenance.
Located at 1300 Holyoke St in Kingsport, the property is near I-26, hospitals, chemical and paper plants, restaurants, shopping, and daily services. Each unit has a dedicated utility meter and HVAC system. Current occupants are on three-month leases that convert to month-to-month terms, while the owner currently covers utilities, taxes, and other property expenses. The units are furnished and have been used for short-term and temporary occupants, including traveling nurses, interns, and other professionals. Furnishings and personal property may also be available for purchase.
Located at 1300 Holyoke St in Kingsport, the property is near I-26, hospitals, chemical and paper plants, restaurants, shopping, and daily services. Each unit has a dedicated utility meter and HVAC system. Current occupants are on three-month leases that convert to month-to-month terms, while the owner currently covers utilities, taxes, and other property expenses. The units are furnished and have been used for short-term and temporary occupants, including traveling nurses, interns, and other professionals. Furnishings and personal property may also be available for purchase.
Key Highlights
- Four units, each with 2 bedrooms and 1 full bath
- 3,248 square feet on a 1967‑built property
- Extensively updated with flooring, paint, appliances, plumbing, HVAC units, windows, and a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,234
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,680
$484.7K
Cap Rate 7%
$346,200
$346.2K
Cap Rate 9%
$269,267
$269.3K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$37.0K $11.40/SF
− Vacancy
−$2.4K −$0.74/SF
EGI
$34.6K $10.66/SF
− OpEx
−$10.4K −$3.20/SF
NOI
$24.2K $7.46/SF
Area
Sullivan County, TN
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,680
Cap Rate 7%
$346,200
Cap Rate 9%
$269,267
Alternative Uses
Best Use
Multifamily LT 5
$346.2K
$302.9K – $403.9K
NOI $24,234 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$324.1K
$283.6K – $378.2K
NOI $22,689 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,142 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 37664, TN
28,748
Population
13,914
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
848
Density / Sq Mi
$61,164
Median Household Income
$37,047
Median Earnings
$817
Median Rent
$204,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated brick property with furnished units, individual HVAC systems, and separate utility metering.
Where is this quadplex located?
The property is located at 1300 Holyoke St Kingsport, TN.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 full bath; 3,248 square feet on a 1967‑built property; Extensively updated with flooring, paint, appliances, plumbing, HVAC units, windows, and a metal roof
