Two-Unit Duplex with
For Sale
$274,900
629 Branch St, Kingsport, TN 37660
Separate residences provide private living areas and laundry facilities for tenants or an owner-occupant arrangement.
Property Size2,112 SF
Price / SF$130.16
Days on Market49
Property Features for 629 Branch St
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 4BR/2.5BA, 1 x studio/1BA
Multifamily Units
2
Additional Details
Gross Income
$45,600
Building Details
Year Built
1920
Listing Agency:
General Realty Of Tennessee
Listed By:
The Freck Group, Shad Freck, Stephanie M
(423) 429-5214
Source:
Livinginjohnsoncity
Added: Sep 13
Changed: Oct 28
Last Checked: Oct 30 at 1:53PM
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 General Realty Of Tennessee
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Investment Insights
Based on property information with market context.
This 2,112-square-foot duplex includes a 4-bedroom, 2.5-bath primary residence and a separate studio apartment with a full bath. Both units have private living space and individual laundry facilities, creating a clear two-residence configuration. The property was built in 1920 and is being sold as-is.
Both units are currently rented and have an established rental history. The seller currently pays utilities. The studio may also function as additional space for guests or extended household use, subject to the buyer’s intended arrangement and applicable requirements.
The property is near Downtown Kingsport, Eastman, shopping, dining, and major roadways. Rent rolls and operating expense information are available upon request.
Both units are currently rented and have an established rental history. The seller currently pays utilities. The studio may also function as additional space for guests or extended household use, subject to the buyer’s intended arrangement and applicable requirements.
The property is near Downtown Kingsport, Eastman, shopping, dining, and major roadways. Rent rolls and operating expense information are available upon request.
Key Highlights
- 2,112‑square‑foot duplex built in 1920
- Main residence offers 4 bedrooms and 2.5 baths
- Separate studio apartment includes a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,758
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,160
$315.2K
Cap Rate 7%
$225,114
$225.1K
Cap Rate 9%
$175,089
$175.1K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$24.1K $11.40/SF
− Vacancy
−$1.6K −$0.74/SF
EGI
$22.5K $10.66/SF
− OpEx
−$6.8K −$3.20/SF
NOI
$15.8K $7.46/SF
Area
Sullivan County, TN
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,160
Cap Rate 7%
$225,114
Cap Rate 9%
$175,089
Alternative Uses
Best Use
Multifamily LT 5
$225.1K
$197.0K – $262.6K
NOI $15,758 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,753 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$790.9K
$692.0K – $922.7K
NOI $55,363 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide private living areas and laundry facilities for tenants or an owner-occupant arrangement.
Where is this duplex located?
The property is located at 629 Branch St Kingsport, TN.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 2,112‑square‑foot duplex built in 1920; Main residence offers 4 bedrooms and 2.5 baths; Separate studio apartment includes a full bath
