Duplex with Separate
New
For Sale
$299,900
629 Branch Street, Kingsport, TN 37660
Multi Family, Kingsport, TN
Property Size2,112 SF
Lot Size0.30 Acres
Price / SF$141
Days on Market2
Property Features for 629 Branch Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R 4
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Parking features
Driveway
Patio and Porch features
Patio
Basement
Crawl Space
Appliances
Electric Range, Microwave, Refrigerator
Subdivision
City Of Kingsport
Elementary school
Jackson
Middle school
Sevier
High school
Dobyns Bennett
Directions
From Downtown Kingsport, follow W Center St. to Right on Roller st. Follow Roller St. to left on Branch St. Property is on the left.
Standard status
Active
APN
046h H 008.00
Size
2,112 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
778
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Natural Gas, Central
Cooling system
Central Air, Wall Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Laminate, Hardwood, Carpet
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Greater Impact Realty Jonesborough
Listed By:
Matt Fleenor · License #338884
(423) 973-8634
Added: Sep 11
Last Checked: Sep 12 at 2:06PM
MLS# 10000786
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 duplex property at 629 Branch Street includes a 4-bedroom, 2.5-bath main residence and an independent studio apartment with a full bath. Both units provide private living areas and laundry space. Interior finishes include hardwood, laminate, and carpet flooring, while the property also features a patio, driveway parking, vinyl siding, and a shingle asphalt roof. The 2,112-square-foot property was built in 1920 and is being sold as-is.
The 0.3-acre parcel is located in Kingsport near Downtown Kingsport, Eastman, shopping, dining, and major roadways. Public water and public sewer serve the property. Zoning is R 4, and the established two-unit arrangement has supported rental use, with the main residence and studio currently occupied.
The 0.3-acre parcel is located in Kingsport near Downtown Kingsport, Eastman, shopping, dining, and major roadways. Public water and public sewer serve the property. Zoning is R 4, and the established two-unit arrangement has supported rental use, with the main residence and studio currently occupied.
Key Highlights
- Two‑unit property with 4‑bedroom, 2.5‑bath main residence and separate studio with full bath
- 2,112 square feet on a 0.3‑acre parcel
- Both units include private laundry space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,758
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.25%
Second Best
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,753 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$790.9K
$692.0K – $922.7K
NOI $55,363 @ 7.0% cap · market cap 18.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,155
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two distinct living spaces offer rental flexibility, private laundry areas, and an owner-occupant configuration.
Where is this duplex located?
The property is located at 629 Branch Street Kingsport, TN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit property with 4‑bedroom, 2.5‑bath main residence and separate studio with full bath; 2,112 square feet on a 0.3‑acre parcel; Both units include private laundry space
