Six-Unit Brick Apartment
For Sale
$500,000
Pending
2008 Bloomingdale Road, Kingsport, TN 37660
Multi Family, Kingsport, TN
Property Size5,100 SF
Lot Size0.27 Acres
Days on Market244
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Property Features for 2008 Bloomingdale Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R 1
Bedrooms
12
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 11, Bedroom 4, Bedroom 7, Bedroom 9, Bedroom 8, Bedroom 3, Basement, Bedroom 2, Bedroom 10, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 12
Patio and Porch features
Porch
Basement
Crawl Space
Elementary school
Ketron
Middle school
Sullivan Heights Middle
High school
West Ridge
Directions
From Bristol to Kingsport Turn onto US-11WS, Turn Right onto Ollis Bowers Hill Road, Turn Left onto Bloomingdale Road 5.7 miles, Arrive at 2008 Bloomingdale Road on Right.
Standard status
Pending
APN
031h A 00600 000
Size
5,100 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
2151
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1972
Floors in Building
2
Number of units
6
Flooring type
Vinyl, Carpet
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
A Team Real Estate Professionals
(423) 726-2260
Listed By:
Dave Smith · License #334591
(423) 833-1444
Added: Feb 13
Changed: Oct 8
Last Checked: Oct 15 at 1:06PM
MLS# 9991166
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.
This six-unit apartment property at 2008 Bloomingdale Road includes approximately 5,096 square feet of residential space and was built in 1972. Each unit follows the same two-bedroom arrangement, with a galley kitchen, rear deck access, main-level living area, and an upper level containing two bedrooms and a full hallway bathroom. The building has a brick exterior, architectural shingle roof, porch features, carpet and vinyl flooring, and heat-pump heating and cooling. HVAC equipment, water heaters, and kitchen appliances vary in age but are operational. Unit 1 requires complete tub and shower renovation and is currently non-operational.
The property encompasses 0.27 acres in Kingsport, Tennessee, and includes parcels 031H A 010.00 and 031H A 006.00. Public water and septic service are provided, while each unit has separate electric and water meters. R 1 zoning is identified for the property.
The property encompasses 0.27 acres in Kingsport, Tennessee, and includes parcels 031H A 010.00 and 031H A 006.00. Public water and septic service are provided, while each unit has separate electric and water meters. R 1 zoning is identified for the property.
Key Highlights
- Six residential units with matching two‑bedroom layouts
- Approximately 5,096 square feet built in 1972
- Brick exterior with architectural shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,626
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,520
$712.5K
Cap Rate 7%
$508,943
$508.9K
Cap Rate 9%
$395,844
$395.8K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$68.5K $13.44/SF
− Vacancy
−$3.8K −$0.74/SF
EGI
$64.8K $12.70/SF
− OpEx
−$29.1K −$5.72/SF
NOI
$35.6K $6.99/SF
Area
Sullivan County, TN
Vacancy
5.50%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,520
Cap Rate 7%
$508,943
Cap Rate 9%
$395,844
Alternative Uses
Best Use
Apartment 5plus
$508.9K
$445.3K – $593.8K
NOI $35,626 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,690 @ 7.0% cap · market cap 26.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
82
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six matching two-bedroom layouts provide a consistent residential configuration across the property.
Where is this apartment building located?
The property is located at 2008 Bloomingdale Road Kingsport, TN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Six residential units with matching two‑bedroom layouts; Approximately 5,096 square feet built in 1972; Brick exterior with architectural shingle roof
