Split-Level Duplex with Separate
3412 Glen Alpine Road, Kingsport, TN 37660
For Sale
$235,000
Multi Family, Kingsport, TN
Property Size2,128 SF
Lot Size0.28 Acres
Price / SF$110.43
Days on Market51
Property Features for 3412 Glen Alpine Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Fireplace
Basement
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer/dryer hookups
fireplace
sunroom
deck
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Buildings
Listing Agency:
Fathom Realty
(888) 455-6040
Listed By:
Kelly Johnson · License #358306
(423) 765-8848
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 7 at 5:06PM
MLS# 10001075
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,128-square-foot split-level duplex, built in 1958, has two distinct living areas. The upper level contains three bedrooms, a bathroom, kitchen, and living room. Below, two rooms, a second kitchen, a bathroom, and a living area with a fireplace provide additional space. A sunroom connects to a driveway entrance. Each level has its own laundry hookups and HVAC equipment. The 0.28-acre property also includes a deck and porch.
Updates include rewiring, plumbing work with a replacement main water line, a new water heater, an upstairs forced-air HVAC unit, downstairs mini-splits, and a downstairs kitchen. The public water supply and septic system serve the home; the septic system was pumped two years ago. The property is in Kingsport, Tennessee, with access to shopping and dining in the city and a short drive to Johnson City, Jonesborough, and Bristol.
Updates include rewiring, plumbing work with a replacement main water line, a new water heater, an upstairs forced-air HVAC unit, downstairs mini-splits, and a downstairs kitchen. The public water supply and septic system serve the home; the septic system was pumped two years ago. The property is in Kingsport, Tennessee, with access to shopping and dining in the city and a short drive to Johnson City, Jonesborough, and Bristol.
Key Highlights
- Two separate living areas within 2,128 square feet
- Upper level has 3 bedrooms; lower level has 2 rooms
- Separate kitchens, laundry hookups, and HVAC equipment for each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,878
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,560
$317.6K
Cap Rate 7%
$226,829
$226.8K
Cap Rate 9%
$176,422
$176.4K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$24.3K $11.40/SF
− Vacancy
−$1.6K −$0.74/SF
EGI
$22.7K $10.66/SF
− OpEx
−$6.8K −$3.20/SF
NOI
$15.9K $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%
$317,560
Cap Rate 7%
$226,829
Cap Rate 9%
$176,422
Alternative Uses
Best Use
Multifamily LT 5
$226.8K
$198.5K – $264.6K
NOI $15,878 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$212.4K
$185.8K – $247.8K
NOI $14,865 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$796.9K
$697.3K – $929.7K
NOI $55,783 @ 7.0% cap · market cap 23.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
22
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two levels offer separate kitchens, laundry hookups, and climate-control systems.
Where is this duplex located?
The property is located at 3412 Glen Alpine Road Kingsport, TN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two separate living areas within 2,128 square feet; Upper level has 3 bedrooms; lower level has 2 rooms; Separate kitchens, laundry hookups, and HVAC equipment for each level
