Eight-Unit Apartment
For Lease
$880,000
420 Wheatley St, Kingsport, TN 37660
Fully occupied apartments offer varied floor plans, separately metered power, and on-site parking.
Space SizeContact for details
Days on Market19
Property Features for 420 Wheatley St
General Information
Standard status
Active
Building Details
Year Built
1971
Listing Agency:
KW Johnson City
Listed By:
Alex Cooley · License #337588
(423) 723-9530
Source:
Thecolinandcarlygroup
Added: Sep 22
Changed: Oct 8
Last Checked: Oct 7 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Johnson City
Investment Insights
Based on property information with market context.
This 7,864-square-foot apartment building contains eight units with a range of layouts: two 3-bedroom/1-bath apartments, four 2-bedroom/1-bath apartments, and two 1-bedroom/1-bath apartments. All units are currently 100% occupied by long-term tenants. The property also includes a 421-square-foot storage area that can serve tenant or building needs.
Each apartment has its own individual power meter, while city water and sewer serve the property. On-site parking is available for residents. Located at 420 Wheatley St in Kingsport, the building sits directly across from Eastman Headquarters.
Each apartment has its own individual power meter, while city water and sewer serve the property. On-site parking is available for residents. Located at 420 Wheatley St in Kingsport, the building sits directly across from Eastman Headquarters.
Key Highlights
- 8 total units with 2 three‑bedroom, 4 two‑bedroom, and 2 one‑bedroom apartments
- 100% occupied by long‑term tenants
- 7,864 square feet of apartment building area
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartments offer varied floor plans, separately metered power, and on-site parking.
Where is this apartment building located?
The property is located at 420 Wheatley St Kingsport, TN.
What is the lease rate?
The lease rate is $880,000.
What are key features of this property?
This property features: 8 total units with 2 three‑bedroom, 4 two‑bedroom, and 2 one‑bedroom apartments; 100% occupied by long‑term tenants; 7,864 square feet of apartment building area
