4006 Memorial Boulevard Kingsport, TN 37664
New
MULTI_FAMILY - Ranch - Kingsport, TN
Type:Single Family Residence
Property size:
4,045 SFLot size:
1.28 AcresPrice / SF:
$105/SF- Added:
- May 7, 2026
- Days on Market:
- 1
- Last Refresh:
- May 7 at 5:06 pm
Property Features for 4006 Memorial Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R 4
- Bedrooms
- 10
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 8, Bedroom 8, Basement, Bedroom 9, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 10, Bathroom 7, Bedroom 1, Bedroom 6, Bathroom 4
- Basement
- Block, Exterior Entry, Concrete
- Appliances
- Electric Range, Refrigerator
- Standard status
- Active
- APN
- 062c E 017.00
- Size
- 4,045 SF
- Lot size
- 1.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1503
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Space Heater
- Cooling system
- Heat Pump, Ceiling Fan(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1947
- Number of units
- 7
- Flooring type
- Laminate, Vinyl, Tile, Hardwood
- Building materials
- Brick, Concrete, Vinyl Siding, Plaster
- Roof type
- Metal
- Architectural style
- Ranch
Listing agent Abigail Weaver License #357811 (423) 335-3937
Listing office CENTURY 21 Legacy Fort Henry 1757 Fort Henry Dr, Kingsport, TN (423) 239-6112
Listing date May 7, 2026
MLS# 9995031
Listing URL
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.
HighLights
- Immediate rental income with an 8.7% cap rate at full capacity.
- Development potential to add more units for increased future income.
- Two buildings with a total of seven units included in the sale.
- TDOT road improvements will positively change traffic patterns.
- Recent upgrades include metal roofs (2yr old on Building 2, 5yr old on Building 1), some plumbing and electrical updates, and remodeling in progress in 2 vacant units.
- Ample storage space available with an unfinished basement and garage workshop.
Overview
Kingsport Multifamily Investment Opportunity
This investment property features two buildings comprising seven units, offering immediate rental income. The property, when fully occupied, has the potential to provide an 8.7% cap rate. The 1.28-acre lot offers enough land to further develop and add more units for additional future income. Road improvements on Hwy 126 will change the traffic patterns for the better after the road modifications. The property includes an unfinished basement and a garage workshop, providing storage space for property management needs. Building 2 has a 2-year-old metal roof, while Building 1 has a 5-year-old metal roof. Some plumbing and electrical updates have been completed, and remodeling is in progress in 2 vacant units. Current tenants have a good rental history. The property offers established income with growth potential. The sale includes parcels 062C E 017.00 and 062C E 018.00. The property is zoned R 4 and contains 4,045 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.494252
- Latitude
- 36.5317
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit property with development potential and immediate rental income.
Where is this apartment building located?
The property is located at 4006 Memorial Boulevard Kingsport, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Immediate rental income with an **8.7% cap rate at full capacity.**; Development potential to add more units for increased future income.; Two buildings with a total of seven units included in the sale.
