All-Brick Four-Unit Apartment
532 Tansey Ln Kingsport, TN 37660
For Sale
$300,000
Pending
Four-unit all-brick building offers three two-bedroom and one one-bedroom unit, each with an open living/dining layout.
Property Size2,117 SF
Days on Market36
Property Features for 532 Tansey Ln
General Information
Standard status
Pending
Size
2,117 SF
Listing Agency:
Blue Ridge Properties
(423) 677-1440
Listed By:
Sheila Postell · License #18643
(423) 677-1440
Source:
Exprealty
Added: Jun 24
Changed: Jul 25
Last Checked: Jul 26 at 4:10PM
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 Blue Ridge Properties
Investment Insights
Based on property information with market context.
This for-sale four-unit apartment building is constructed of all brick and sits on a level lot. The property consists of three two-bedroom units and one one-bedroom unit, with each unit featuring one bathroom. Interiors are arranged with an open floor plan connecting the living and dining areas, which flow into the kitchen that includes all appliances.
The building is described as being in a peaceful residential area while also being centrally located, with mountain views noted in the remarks.
For additional questions or to schedule a tour, contact the listing agent.
The building is described as being in a peaceful residential area while also being centrally located, with mountain views noted in the remarks.
For additional questions or to schedule a tour, contact the listing agent.
Key Highlights
- 4‑unit all‑brick building on a level lot in a residential area with mountain views
- Unit mix: three 2‑bedroom units and one 1‑bedroom unit
- All units include 1 bathroom
Financial Insights For Multifamily LT 5
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 | $24.1k | $11.40 |
| − Vacancy | −$1.6k | −$0.74 |
| EGI | $22.6k | $10.66 |
| − OpEx | −$6.8k | −$3.20 |
| NOI | $15.8k | $7.46 |
2,117 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.7K
$197.5K – $263.3K
NOI $15,796 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$211.3K
$184.9K – $246.5K
NOI $14,788 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$792.8K
$693.7K – $924.9K
NOI $55,495 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit all-brick building offers three two-bedroom and one one-bedroom unit, each with an open living/dining layout.
Where is this quadplex located?
The property is located at 532 Tansey Ln Kingsport, TN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 4‑unit all‑brick building on a level lot in a residential area with mountain views; Unit mix: three 2‑bedroom units and one 1‑bedroom unit; All units include 1 bathroom
