Eight-Unit Apartment
For Lease
$880,000
420 Wheatley Street, Kingsport, TN 37660
Commercial Lease, Kingsport, TN
Space SizeContact for details
Lot Size0.57 Acres
Days on Market11
Property Features for 420 Wheatley Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
R 4
Directions
From Johnson City, take I-26 W toward Kingsport. Continue for approximately 20 miles, then take Exit 1 for Wilcox Drive toward TN-126/Center Street. Turn right onto Wilcox Drive, then continue straight. Turn left onto Wheatley Street. Property will be on the right.
Subdivision
413 - Downtown, Greenfields, Hillcrest
Standard status
Active
APN
061g A 02200 000
Size
7,864 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Annual Amount
2685
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Ceiling Fan(s), Heat Pump
Water source
Public
Building Details
Year built
1971
Building materials
Brick
Roof type
Shingle
Listing Agency:
KW Johnson City · Keller Williams Realty
(423) 433-6500
Listed By:
Alex Cooley · License #337588
(423) 723-9530
Added: Sep 21
Last Checked: Oct 1 at 4:06PM
MLS# 10001184
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 8-unit brick apartment building contains 7,864 square feet on a 0.57-acre parcel. The unit mix includes two 3-bedroom/1-bath apartments, four 2-bedroom/1-bath apartments, and two 1-bedroom/1-bath apartments. An additional 421-square-foot storage area provides supplemental space. Built in 1971, the property includes heat pump heating and cooling, ceiling fans, shingle roofing, individual power meters, public water, and public sewer.
Located at 420 Wheatley Street in Kingsport, the property is directly across from Eastman Headquarters. On-site parking serves the apartment units, and the property is within the Kingsport 37660 postal area. All 8 units are reported occupied by long-term tenants, with R 4 zoning supporting the existing multifamily configuration.
Located at 420 Wheatley Street in Kingsport, the property is directly across from Eastman Headquarters. On-site parking serves the apartment units, and the property is within the Kingsport 37660 postal area. All 8 units are reported occupied by long-term tenants, with R 4 zoning supporting the existing multifamily configuration.
Key Highlights
- 8 units across 7,864 square feet on 0.57 acres
- Unit mix includes (2) 3‑bed/1‑bath, (4) 2‑bed/1‑bath, and (2) 1‑bed/1‑bath apartments
- All 8 units reported 100% occupied by long‑term tenants
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
193
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
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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 - Brick multifamily property with individually metered apartments, public utilities, on-site parking, and an additional storage area.
Where is this apartment building located?
The property is located at 420 Wheatley Street Kingsport, TN.
What is the lease rate?
The lease rate is $880,000.
What are key features of this property?
This property features: 8 units across 7,864 square feet on 0.57 acres; Unit mix includes (2) 3‑bed/1‑bath, (4) 2‑bed/1‑bath, and (2) 1‑bed/1‑bath apartments; All 8 units reported 100% occupied by long‑term tenants
