$625,000

127 Patrick Lane, Gray, TN 37615

  • 8 beds |
  • 4 baths |
  • 3,750 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $167/sqft
  • Property List Date Icon Listed 22 days ago

Property Description

Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss this one—location, location, location! Boasting four units in true turnkey condition, this stacked-flat fourplex offers 3,750+ sqft of finished living space and has been completely remodeled throughout. Currently generating a strong return, this like-new property has undergone extensive renovations throughout, including new flooring, sheetrock, mechanicals, roof, windows, kitchens, bathrooms, and more—making this a low-maintenance, plug-and-play investment. Individually metered and fully occupied, the property lends itself to a variety of investment strategies. Explore options such as long-term rentals, STRs, rent-by-the-room with PadSplit, or simply continue enjoying the solid cash flow from an already stabilized asset. Each unit features a spacious floor plan with 2 large bedrooms and 1 full bathroom, highlighted by durable LVP flooring, HVAC, laundry hookups, and dedicated outdoor space—all contributing to strong tenant appeal. Strategically positioned in the heart of everything, this property is located in an established neighborhood convenient to all nearby attractions that include local parks, retail, restaurants, grocery stores, while also being just a short drive away from nearly everything in the TriCities with easy access to I-81 & I-26! Whether you're a seasoned investor looking to strengthen your portfolio or an owner-occupant aiming to house hack and live for free, this property delivers exceptional versatility and tremendous upside. Opportunities like this don't come often—priced to sell at $625,000. Don't miss your chance—call today! Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.

Listing Status:
Active
Date Added:
January 16, 2026
Data Last Updated:
February 7, 2026 at 1:39PM
Listing Office:
The Addington Agency Bristol : 423-845-5800
Listing Agent:
Garrett Addington : 423-646-1060
MLS ID:
9990235
  • General: Remodeled
  • Appliances: DishwasherMicrowaveRefrigeratorElectric Range
  • Laundry: Washer HookupElectric Dryer Hookup
  • Basement: FinishedWalk-Out Access
  • Flooring: Luxury Vinyl
  • A/C: Heat Pump
  • Heating: Heat Pump
  • Style: OtherSee Remarks
  • Roofing: Shingle
  • General: BrickTwo
  • Originating MLS: Tennessee/Virginia Regional MLS
  • County: Washington
  • Zoning: Residential005j E 024.00
  • Water: Public
  • Sewer: Public Sewer
  • Source: Tennessee/Virginia Regional MLS

Presented by Veterans United Realty

This listing courtesy of Garrett Addington , The Addington Agency Bristol

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

G

Gray Elementary School

755 Gray Station Rd, Johnson City, TN, 37615

Grades PK-8

1.89 miles away

G

Gray Elementary School

755 Gray Station Rd, Johnson City, TN, 37615

Grades PK-8

1.89 miles away

D

Daniel Boone High School

1440 Suncrest Dr, Johnson City, TN, 37615

Grades 9-12

4.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.