1223 Wateree Street, Kingsport, TN 37660
Multi-Family Home 
Built in 1930 
0.26acre lot
—— car garage 
$——/sqft 
Listed 24 days ago
Property Description
Seize the chance to own this centrally located 7-unit multi-family property in Kingsport, TN, offering an excellent return on investment. The complex includes five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, all fully occupied with total monthly rents of $7,090. Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord. The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency. With a cap rate of 8.3%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!
- Listing Status:
- Active
- Date Added:
- July 17, 2026
- Data Last Updated:
- August 10, 2026 at 9:38PM
- Listing Office:
- Weichert Realtors Saxon Clark KPT : 423-765-9118
- Listing Agent:
- William Lokar : 423-612-4400
- MLS ID:
- 9998329
- Style: Traditional
- Roofing: Metal
- General: Brick2
- Originating MLS: Tennessee/Virginia Regional MLS
- County: Sullivan
- Zoning: R 1B046o E 04800 000
- Water: Public
- Source: Tennessee/Virginia Regional MLS
This listing courtesy of William Lokar , Weichert Realtors Saxon Clark KPT
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
