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Kingsport Multifamily Investment Opportunity
For Sale
$630,000

4033 Harbor Chapel Road, Kingsport, TN 37664

MULTI_FAMILY - Other - Kingsport, TN

Lot Size0.63 Acres
Days on Market183

Property Features for 4033 Harbor Chapel Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R1B
Bedrooms 8
Bathrooms 2
Half bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 8, Dining Room, Bedroom 6, Basement, Bedroom 7, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5
Window features Double Pane Windows, Single Pane Window(s), Storm Window(s)
Patio and Porch features Porch, Patio
Interior features Kitchen/Dining Combo, Remodeled
Basement Exterior Entry, Walk-Out Access
Appliances Electric Range, Refrigerator
Elementary school Johnson
Middle school Robinson
High school Dobyns Bennett
Directions In Kingsport take Memorial to Harbor Chapel. Building just across the hill on the left.
Standard status Active
APN 062f E 011.00
Lot size 0.63 Acres

Taxes and HOA fees

Tax Annual Amount 2292

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Baseboard, Central, Electric (Heating)
Cooling system Window Unit(s)
Water source Public

Amenities

storage on site
yard space

Building Details

Year built 1920
Floors in Building 2
Number of units 7
Flooring type Vinyl, Laminate
Building materials Brick, Vinyl Siding
Roof type Composition, Shingle
Architectural style Other
Additional Structures Outbuilding
Listing Agency: North East Tennessee Real Estate, LLC
Listed By: Richard Banks · License #255057
Added: Jan 28 Changed: Jul 28 Last Checked: Jul 30 at 2:06PM
MLS# 9990632

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 multifamily property in Kingsport, Tennessee, presents an investment opportunity with ongoing remodeling. The property includes a new roof and sprinkler system, with improvements made both inside and out. There is ample parking available, and the property features five ground-level units and two second-story units with private entrances. Tenants are responsible for their own power and water. The units are spacious, and there is ample yard space. The property consists of two lots, one of 0.22 acres and the other of 0.33 acres, which have already been subdivided and are ready for additional construction if desired. The property is located in a great location.

Key Highlights

  • Multi‑family setup with 5 ground‑level units and 2 second‑story units with private entrances
  • Remodeling ongoing for the last few years, including a new roof and sprinkler system, plus interior upgrades
  • Two subdivided lots included (.22 ac and .33 ac), ready to build on if desired

Property Analytics

Current Use

A to z work... it'll ... Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Electrical Service (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

42
Businesses Nearby

Demographics for 37664, TN

28,748
Population
13,914
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
848
Density / Sq Mi
$61,164
Median Household Income
$37,047
Median Earnings
$817
Median Rent
$204,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with remodeling, expansion potential, and great location.
Where is this apartment building located?
The property is located at 4033 Harbor Chapel Road Kingsport, TN.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Multi‑family setup with 5 ground‑level units and 2 second‑story units with private entrances; Remodeling ongoing for the last few years, including a new roof and sprinkler system, plus interior upgrades; Two subdivided lots included (.22 ac and .33 ac), ready to build on if desired
More about this property
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