Renovated Two-Parcel Duplex and
829 833 Dale Street Kingsport, TN 37660
829 833 Dale Street, Kingsport, TN, 37660
$450,000
Pending
For Sale
$450,000
Pending
MULTI_FAMILY - Other - Kingsport, TN
Property Size3,634 SF
Days on Market48
Property Features for 829 833 Dale Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R 1B
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 7, Bathroom 3, Bathroom 5, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 9, Bathroom 6
- Standard status
- Pending
- APN
- 046o H 02300 000
- Size
- 3,634 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 3
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing agency
Integrity Property Group
(423) 342-4604
Listed by
Edward Grindstaff · License #00332885
(423) 557-6933
Added: Jun 5 Updated: Jul 12 at 6:31AM Checked: Jul 22 at 9:06PM
MLS# 9996437
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 two-parcel for-sale rental property includes a renovated house plus a renovated duplex. The house features three bedrooms and two full bathrooms, a large living room with high ceilings, and a covered front porch. The duplex on the second parcel has Unit 1 with three bedrooms, one full bathroom and one half bathroom, along with a covered front porch and a rear deck; Unit 1 is currently leased. Unit 2 offers three bedrooms and two full bathrooms and is also currently leased. Renovations are noted for the house and both duplex units.
The property is located in downtown Kingsport and is described as being close to shopping, restaurants, entertainment, and community events. The offering consists of two separate parcels, and the remarks indicate plenty of parking.
All units are currently occupied, supporting $4,150 in total monthly rental income and $49,800 in annual gross rental income based on the current rents provided. The mix of a standalone house and an adjacent duplex can be a practical fit for investors or owner-operators seeking a turnkey, income-producing residential property in a convenient downtown area.
The property is located in downtown Kingsport and is described as being close to shopping, restaurants, entertainment, and community events. The offering consists of two separate parcels, and the remarks indicate plenty of parking.
All units are currently occupied, supporting $4,150 in total monthly rental income and $49,800 in annual gross rental income based on the current rents provided. The mix of a standalone house and an adjacent duplex can be a practical fit for investors or owner-operators seeking a turnkey, income-producing residential property in a convenient downtown area.
Key Highlights
- Income‑producing property with two separate parcels in Kingsport—one house and one duplex, all currently rented.
- House: 3 bedrooms, 2 full bathrooms; completely renovated; covered front porch; currently rented for $1,550/month.
- Duplex Unit 1: 3 bedrooms, 1 full bath and 1 half bath; covered front porch and rear deck; currently rented for $1,250/month.
Local 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 | $41.4k | $11.40 |
| − Vacancy | −$2.7k | −$0.74 |
| EGI | $38.7k | $10.66 |
| − OpEx | −$11.6k | −$3.20 |
| NOI | $27.1k | $7.46 |
3,634 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.9K
NOI $27,114 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,261 @ 7.0% cap · market cap 21.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Emmanuel 7th Day ...
Church
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FAQs
What type of property is this?
Duplex - Turnkey rental property with a renovated house and duplex on two parcels, all currently leased.
Where is this duplex located?
The property is located at 829 833 Dale Street Kingsport, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Income‑producing property with two separate parcels in Kingsport—one house and one duplex, all currently rented.; House: 3 bedrooms, 2 full bathrooms; completely renovated; covered front porch; currently rented for $1,550/month.; Duplex Unit 1: 3 bedrooms, 1 full bath and 1 half bath; covered front porch and rear deck; currently rented for $1,250/month.
