Renovated Duplex with Guest
For Sale
$699,000
2236 Sheffield Street, Kingsport, TN 37660
Multi Family, Kingsport, TN
Property Size4,461 SF
Lot Size0.57 Acres
Price / SF$156.69
Days on Market48
Property Features for 2236 Sheffield Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R 1B
Bedrooms
5
Bathrooms
7
Full bathrooms
5
Half bathrooms
2
Rooms
Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 7, Bedroom 2, Basement, Bathroom 5, Bathroom 2, Bedroom 4, Bathroom 6, Bathroom 1
Parking features
Open, Driveway
Patio and Porch features
Porch
Interior features
Built-in Features, Eat-in Kitchen, Granite Counters, Kitchen Island, Remodeled, Walk-In Closet(s)
Fireplace
1
Basement
Walk-Out Access, Finished, Full, Interior Entry
Appliances
Built-In Electric Oven, Cooktop, Dishwasher, Double Oven, Microwave, Refrigerator
Subdivision
Preston Forest
Elementary school
Jefferson
Middle school
Robinson
High school
Dobyns Bennett
Directions
From E Stone Drive, turn Left onto Beechnut Dr. Turn Right onto Essex Dr. Turn Right onto Sheffield St. Destination is on the Right.
Standard status
Active
APN
047j A 01400 000
Lot size
0.57 Acres
Taxes and HOA fees
Tax Annual Amount
2283
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Fireplace(s), Heat Pump (Heating), Electric (Heating), Central
Cooling system
Heat Pump, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Vinyl, Hardwood
Building materials
Brick, Vinyl Siding
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Greater Impact Realty Jonesborough
(423) 973-8634
Listed By:
Emily Colvin · License #347701
(865) 771-9149
Added: Sep 11
Changed: Oct 5
Last Checked: Oct 28 at 9:06PM
MLS# 10000748
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.
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Investment Insights
Based on property information with market context.
This renovated duplex at 2236 Sheffield Street includes 4,461 square feet on a 0.57-acre lot and was built in 1976. The finished basement provides a separate living area with a bedroom, full bath, kitchen, laundry, and exterior access. The main residence offers an updated kitchen with a double wall oven, electric cooktop, built-in microwave, refrigerator, pantry storage, and island seating. Additional interior features include formal and casual dining areas, multiple living spaces, a brick fireplace, an enclosed back porch, a main-level laundry room, and two half baths. The primary suite includes two walk-in closets and an updated en-suite bath, while three additional bedrooms share a hall bath.
The property is located in Kingsport’s Preston Forest neighborhood, near shopping, dining, and entertainment along East Stone Drive. SR-93 and I-26 provide nearby regional access. Mature trees frame the backyard, and the property has public water, public sewer, natural gas availability, driveway parking, and R 1B zoning.
The property is located in Kingsport’s Preston Forest neighborhood, near shopping, dining, and entertainment along East Stone Drive. SR-93 and I-26 provide nearby regional access. Mature trees frame the backyard, and the property has public water, public sewer, natural gas availability, driveway parking, and R 1B zoning.
Key Highlights
- 4,461‑square‑foot renovated duplex on 0.57 acres
- Finished basement with bedroom, kitchen, laundry, and separate exterior entrance
- Main kitchen includes double wall oven, electric cooktop, built‑in microwave, refrigerator, pantry, and island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,285
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,700
$665.7K
Cap Rate 7%
$475,500
$475.5K
Cap Rate 9%
$369,833
$369.8K
Market Conditions
NOI Build-Up for 4,461 SF
Gross rent
$50.9K $11.40/SF
− Vacancy
−$3.3K −$0.74/SF
EGI
$47.5K $10.66/SF
− OpEx
−$14.3K −$3.20/SF
NOI
$33.3K $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%
$665,700
Cap Rate 7%
$475,500
Cap Rate 9%
$369,833
Alternative Uses
Best Use
Multifamily LT 5
$475.5K
$416.1K – $554.8K
NOI $33,285 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$445.2K
$389.5K – $519.4K
NOI $31,162 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,940 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with a finished lower-level suite, separate entrance, kitchen, laundry, and flexible living areas.
Where is this duplex located?
The property is located at 2236 Sheffield Street Kingsport, TN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,461‑square‑foot renovated duplex on 0.57 acres; Finished basement with bedroom, kitchen, laundry, and separate exterior entrance; Main kitchen includes double wall oven, electric cooktop, built‑in microwave, refrigerator, pantry, and island
