Sullivan County, 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 15

Multifamily Income Property with Six Units

630 Elizabethton Highway, Bluff City, TN 37618

$699,995

6,174 sqft 1.28 AC lot

Six fully occupied units on a 1.28‑acre lot, each with 2 bedrooms and 1.5 baths
Separately metered units
Metal roof installed in 2012; vinyl siding installed in 2012
Utilities include public water and septic tank sewer
Heating and cooling provided by a heat pump

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Historic Riverfront Apartment Building

2000 Netherland Inn Road, Kingsport, TN 37660

$1,149,000

10,034 sqft 0.60 AC lot

Income-focused multifamily asset with updated units and riverfront views near downtown Kingsport amenities.

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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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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 & 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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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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Brick Triplex with Detached Garage

503 Georgia Avenue, Unit 11, Bristol, TN 37620

$350,000

13,939 sqft

Two-story brick triplex with three rental units, individual utility responsibility, and a detached three-car garage.

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Mixed-Use Building with Retail/Office

2783 Island Road, Blountville, TN 37617

$240,000

600 sqft 0.51 AC lot

Three residential units plus a retail/office lease space fronting Highway 394, offering flexible income-generating use.

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Duplex with Vinyl Siding

253 Harr Town Road, Blountville, TN 37617

$229,900

3,024 sqft 0.18 AC lot

Maintenance-friendly vinyl exterior and interior flooring support an occupied duplex suited for a residential income purchase.

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Mixed-Use Income Property with Retail

1006 Gibson Mill Rd, Kingsport, TN 37660

$750,000

8,759 sqft

For sale mixed-use property includes a storefront floral shop, an 8-unit apartment building, a duplex, and a cottage home.

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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

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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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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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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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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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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Turnkey Duplex With Two Units

713 Ash Street, Unit 3, Bristol, TN 37620

$215,000

3,100 sqft

Turnkey duplex for sale with separate upstairs entry, laundry hookups, and a main-level unit featuring central heating and cooling.

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Updated Ranch with Income Potential

1326 Valley Drive, Bristol, TN 37620

$350,000

1,938 sqft 0.37 AC lot

Updated ranch home with separate apartment near downtown Bristol.

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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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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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Four-Plex Rental Property For Sale

620 Cherry Street, Bristol, TN 37620

$379,999

1,502 sqft 0.22 AC lot

Four-unit rental property near downtown Bristol, TN/VA.

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Sullivan County, TN Multifamily Properties Market Trends and Statistics

Explore 54 multifamily properties for sale in Sullivan County, TN, showcased through 47 active listings on our real estate platform. These investment opportunities span a total of 294,163 square feet of properties for sale, with an estimated market value of $30,684,769.

Sale prices for multifamily properties in Sullivan County, TN start at $215,000, averaging $876,707, 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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