1425-1405 Stratford Road Kingsport, TN 37664
COMMERCIAL - Kingsport, TN
- Added:
- Jan 30, 2026
- Days on Market:
- 164
- Last Refresh:
- Jul 13 at 9:06 am
Property Features for 1425-1405 Stratford Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R3
- Standard status
- Pending
- APN
- 062p G 008.00
- Size
- 24,420 SF
- Lot size
- 1.82 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1979
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Garrett Addington License #337697 (423) 646-1060
Listing office The Addington Agency Bristol 121 Bluff City Hwy, Bristol, TN (423) 845-5800
Listing date Jan 30, 2026
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.
The offering is zoned R3 and includes 1.82 acres. Seven of the 24 units are intentionally held vacant due to current ownership operating under rent limitations tied to its funding structure, and those limitations are described as not carrying forward beyond honoring existing lease terms. The portfolio is positioned with direct access to Fort Henry Drive and Stone Drive, and it lists connectivity to major regional corridors including I-81 and I-26.
This is presented as a value-add opportunity for a new owner to lease vacant units and renew tenants at market rates, subject to existing lease terms. The property is for sale at a single portfolio price of $2,195,000, with the address listed as 1425-1405 Stratford Road, Kingsport, TN 37664.
Key Highlights
- Immediate Value‑Add Opportunity: Seven vacant units provide immediate upside by leasing at market rates (pro forma rents $900-$950), significantly increasing NOI.
- Strong Cash Flow with Upside: Property currently generates a strong return with potential to achieve $180,000-$190,000 annual NOI through lease‑up and market‑rate renewals.
- Flexible Investment: Individually deeded quadplexes allow for selling individual buildings to offset capital or exploring alternative strategies like short‑term rentals.
Local Financial Insights For Multifamily LT 5
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 | $278.4k | $11.40 |
| − Vacancy | −$18.1k | −$0.74 |
| EGI | $260.3k | $10.66 |
| − OpEx | −$78.1k | −$3.20 |
| NOI | $182.2k | $7.46 |
