4006 Memorial Boulevard, Kingsport, TN 37664
MULTI_FAMILY - Ranch - Kingsport, TN
- Added:
- May 7, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 22 at 10:06 am
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
- Bedroom 9, Bathroom 2, Bathroom 4, Bedroom 10, Bedroom 7, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 8, Bathroom 8, Bathroom 7, Bathroom 6, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Basement, Bedroom 2
- Basement
- Exterior Entry, Concrete, Block
- 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
- Space Heater, Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Window Unit(s), Heat Pump
- Water source
- Public
Building Details
- Year built
- 1947
- Number of units
- 7
- Flooring type
- Vinyl, Hardwood, Tile, Laminate
- 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
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
Local Financial Insights For Apartment 5plus
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 | $54.4k | $13.44 |
| − Vacancy | −$3.0k | −$0.74 |
| EGI | $51.4k | $12.70 |
| − OpEx | −$23.1k | −$5.72 |
| NOI | $28.3k | $6.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.494252
- Latitude
- 36.5317
