Kingsport, TN Multifamily Properties for Sale

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Updated: Feb 16

Versatile Commercial Property in Kingsport

427 & 431 E Sullivan Street, Kingsport, TN 37660

$450,000

4,430 sqft 0.28 AC lot

Prime downtown Kingsport location on E Sullivan Street with high visibility and walkability.
Versatile property with commercial and residential potential, featuring a studio apartment and flexible office/retail space.
Multiple income streams from leased office space and short‑term rental (studio).
Rare grass courtyard and dedicated parking, unique for a downtown property.
Two additional detached buildings offer expanded rental, workspace, or business use possibilities.

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Here's a quick look at some key insights for

427 & 431 E Sullivan Street, Kingsport, TN 37660

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$39K
Annual
Mortgage

$250K
May 2026
Last Sold

Apr 2022
$210K
Property Type

Retail Stores
Built 1920

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Updated: Jun 29

Historic Riverfront Apartment Building

2000 Netherland Inn Road, Kingsport, TN 37660

$1,149,000

10,034 sqft 0.60 AC lot

Historic brick apartment building originally constructed as Riverfront Hospital (city’s first hospital), built in 1937
10 residential units: eight 2‑bedroom apartments and two 1‑bedroom apartments
Approximately eight units extensively renovated; original plumbing replaced during renovations
New appliances in many units, with washers and dryers in select apartments
Public water and public sewer; roof is shingle; heated/cooled by heat pump systems

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Two-Building Multifamily Investment

4006 Memorial Boulevard, Kingsport, TN 37664

$425,000

4,045 sqft 1.28 AC lot

Seven-unit, two-building property with metal roofs and on-site storage, offered with both listed parcels in Kingsport.

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Mixed-Use Building with Retail & Apartments

105 Brookfield Drive, Kingsport, TN 37663

$429,900

4,544 sqft 0.35 AC lot

Fully leased six-unit property with three retail suites and three residential apartments, plus street-level parking.

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Historic Bank Building Adaptive Reuse

255 Broad St, Kingsport, TN 37660

$2,499,000

26,100 sqft

Three-story historic landmark with cellar, rooftop deck, and intact bank vault in Kingsport’s B-2 Central Business District.

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Mixed-Use Building with Retail Suites

105 Brookfield Drive, Kingsport, TN 37663

$429,900

4,347 sqft 0.35 AC lot

Fully leased mixed-use property with three residential units and three commercial suites, zoned B-3.

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Kingsport Multifamily Investment Opportunity

4006 Memorial Boulevard, Kingsport, TN 37664

$425,000

4,045 sqft 1.28 AC lot

Seven-unit property with development potential and immediate rental income.

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Mixed-Use Income Property with Storefronts

227 E Sullivan Street, Kingsport, TN 37660

$1,050,000

8,600 sqft 0.10 AC lot

Two commercial storefronts and four apartments offer diversified income in a B2 business corridor with strong visibility.

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Kingsport Multifamily Investment Opportunity

1405 Stratford Rd, Kingsport, TN 37664

$2,195,000

24,420 sqft

24-unit multifamily property with value-add potential in Kingsport, Tennessee.

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Kingsport Multifamily Investment Opportunity

2008 Bloomingdale Road, Kingsport, TN 37660

$500,000

5,100 sqft 0.27 AC lot

Six-unit multifamily property with value-add potential and existing cash flow.

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Multi-Family Property Investment Opportunity

4033 Harbor Chapel Road, Unit 1, Kingsport, TN 37664

$630,000

27,442 sqft 0.55 AC lot

Multi-family property with remodeling, storage, parking, and expansion potential.

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Individually Deeded Quadplex Portfolio

1425-1405 Stratford Road, Kingsport, TN 37664

$2,195,000

24,420 sqft 1.82 AC lot

Six individually deeded quadplexes totaling 24 units, with individually metered utilities and exterior renovations completed in 2019.

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Downtown Kingsport Mixed-Use Opportunity

453 E Main Street, Kingsport, TN 37660

$4,600,000

23,000 sqft 0.41 AC lot

Mixed-use property in downtown Kingsport with residential and commercial spaces.

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Mixed-Use Property Near Downtown Kingsport

227 E Sullivan St, Kingsport, TN 37660

$1,050,000

4,356 sqft

Income-producing property with commercial and residential units in Kingsport, TN.

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Turn-Key Kingsport Condo Investment

308 E Sullivan Street, Kingsport, TN 37660

$499,900

2,969 sqft 0.02 AC lot

Three-unit condo, fully furnished, remodeled, with established clientele.

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Downtown Kingsport Mixed-Use Opportunity

300 E Sullivan Street, Kingsport, TN 37660

$495,000

6,308 sqft 0.07 AC lot

Two-story building in downtown Kingsport with retail and residential potential.

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Two-Building Multifamily Investment

4006 Memorial Boulevard, Kingsport, TN 37664

$425,000

5,679 sqft

Two apartment buildings totaling seven units offer immediate rental income and on-site storage space.

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Remodeled Two-Unit Craftsman Home

1246 E Center Street, Kingsport, TN 37660

$399,900

3,948 sqft 0.13 AC lot

Two residences on one lot featuring a remodeled main home plus a detached one-bedroom garage apartment with separate electric meter.

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Highway 75 Commercial Opportunity

3450-3460 highway 75, Kingsport, TN 37663

$949,000

10,000 sqft 7.69 AC lot

Income-producing property with high visibility and development potential.

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Seven-Unit Multifamily Property

1223 Wateree Street, Kingsport, TN 37660

$825,000

0.26 AC lot

7-unit multifamily with five 1-bedroom and two 2-bedroom units, all currently occupied and generating total monthly rents of $7,090.

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Turn-Key Kingsport Condo Investment

308 East Sullivan Street, Unit PT12, Kingsport, TN 37660

$499,900

2,969 sqft

Three-unit condo in downtown Kingsport, fully furnished and remodeled.

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Kingsport Multifamily Investment Opportunity

4033 Harbor Chapel Road, Kingsport, TN 37664

$630,000

0.63 AC lot

Multifamily property with remodeling, expansion potential, and great location.

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Kingsport Multifamily Investment Opportunity

1433 Stratford Road |, Kingsport, TN 37664

$1,199,000

11-unit, fully renovated multifamily property in Kingsport, Tennessee.

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Renovated Two-Parcel Duplex and House

829 833 Dale Street, Kingsport, TN 37660

$450,000

3,634 sqft

Turnkey rental property with a renovated house and duplex on two parcels, all currently leased.

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Kingsport, TN Multifamily Properties Market Trends and Statistics

Explore 40 multifamily properties for sale in Kingsport, TN, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 226,266 square feet of properties for sale, with an estimated market value of $23,745,500.

Sale prices for multifamily properties in Kingsport, TN start at $300,000, averaging $989,395, and reaching up to $4,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 88K

Population Growth (5Y) -0.8%

Median Household Income $56,200

College Educated 23.6%

High-Yield Neighborhoods for Investment

Identify Kingsport submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
37665	$865K
37660	$888.8K
37663	$974.5K
37664	$1.1M

Listings Trend

New vs delisted commercial listings in Sullivan County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Sullivan County

Retail

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Kingsport fall within the 100,000+ square foot range.

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