Fully Occupied
For Sale
$355,000
714 Mapleoak Ln, Kingsport, TN 37660
Four separately metered units include off-street parking and 2025 sewer and water line replacements.
Property Size2,240 SF
Price / SF$158.48
Days on Market87
Property Features for 714 Mapleoak Ln
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Furnished
Yes
Utilities to Site
Yes
Multifamily Units
4
Building Details
Year Built
1933
Buildings
1
Listing Agency:
MRG Realty Partners
Listed By:
Tony Puglisi · License #385328
(865) 806-4310
Source:
Fykesrealtygroup
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 15 at 2:44AM
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 MRG Realty Partners
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 2,240 square feet and was built in 1933. Each unit has separate utility metering, and the building includes off-street parking. One unit is furnished, providing an existing furnished component within the unit mix.
The property is located at 714 Mapleoak Ln in Kingsport, Tennessee. A new sewer and water line was installed in 2025, addressing a major building-system improvement. All four units are occupied at close, including one Section 8 tenant.
The property is located at 714 Mapleoak Ln in Kingsport, Tennessee. A new sewer and water line was installed in 2025, addressing a major building-system improvement. All four units are occupied at close, including one Section 8 tenant.
Key Highlights
- 2,240‑square‑foot quadplex with four individually metered units
- 100% occupied at close
- New sewer and water line installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,713
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,260
$334.3K
Cap Rate 7%
$238,757
$238.8K
Cap Rate 9%
$185,700
$185.7K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$25.5K $11.40/SF
− Vacancy
−$1.7K −$0.74/SF
EGI
$23.9K $10.66/SF
− OpEx
−$7.2K −$3.20/SF
NOI
$16.7K $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%
$334,260
Cap Rate 7%
$238,757
Cap Rate 9%
$185,700
Alternative Uses
Best Use
Multifamily LT 5
$238.8K
$208.9K – $278.6K
NOI $16,713 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$223.5K
$195.6K – $260.8K
NOI $15,647 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$838.8K
$734.0K – $978.7K
NOI $58,719 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,743
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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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?
Quadplex - Four separately metered units include off-street parking and 2025 sewer and water line replacements.
Where is this quadplex located?
The property is located at 714 Mapleoak Ln Kingsport, TN.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,240‑square‑foot quadplex with four individually metered units; 100% occupied at close; New sewer and water line installed in 2025
