Rare investment opportunity! Located in the heart of Kingsport, this property offers multiple income-producing properties with excellent rental potential.
After over 25 successful years of ownership and operation, the owners are ready to retire, creating an outstanding opportunity for investors to purchase a well-established, income-producing property with long-term potential.
The property features a storefront commercial building currently occupied and operated by Holston Floral Shop, an 8-Unit Apartment Building featuring 1-bedroom, 1-bathroom units, A Duplex offering one 2-bedroom, 1-bathroom and one 1-bedroom, 1-bathroom unit, plus a Charming Cottage Style Home with 2 bedrooms and 1 bathroom.
9 units are currently rented, providing immediate income for the new owner. Holston Floral Shop is currently operating at the property. The storefront is currently set up and operating as a floral shop. The space offers a great opportunity for someone interested in continuing a floral business or creating their own storefront business.
Whether you are looking to grow your investment portfolio or purchase a well-established multi-property investment, this opportunity offers immediate rental income and excellent long-term potential in a prime location with easy access to downtown Kingsport, shopping, restaurants, medical offices, and Holston Valley Medical Center.
Pending
$750,000
1006 Gibson Mill Rd, Kingsport, TN 37660
3beds
2baths
8,759sqft
Multi Family
Built in 1930
-- sqft lot
$707,400 Zestimate®
$86/sqft
$-- HOA
What's special
Charming cottage style home
- 48 days |
- 46 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Jody Jones Garrison 423-863-3008,
Crye-Leike Realtors 423-232-0099
Source: TVRMLS,MLS#: 9995080
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Baseboard, Central, Heat Pump
Cooling
- Heat Pump, Wall Unit(s), Window Unit(s)
Appliances
- Included: Electric Range, Refrigerator
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 8,759
- Total interior livable area: 8,759 sqft
Property
Parking
- Parking features: Driveway, Attached, Shared Driveway
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Topography: Level
Details
- Parcel number: 046g G 02500 000, 048g G 023 00, 046g G 024.00
- Zoning: B 1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage,Other,See Remarks
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
- Foundation: Other
- Roof: Metal
Condition
- Average
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
Location
- Region: Kingsport
Financial & listing details
- Price per square foot: $86/sqft
- Tax assessed value: $591,500
- Annual tax amount: $7,785
- Date on market: 5/8/2026
- Electric utility on property: Yes
Estimated market value
$707,400
$672,000 - $743,000
$1,384/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Pending sale | $750,000$86/sqft |
Source: TVRMLS #9995080 Report a problem | ||
| 5/8/2026 | Listed for sale | $750,000+3324.7%$86/sqft |
Source: TVRMLS #9995080 Report a problem | ||
| 2/14/2020 | Sold | $21,900+619.7%$3/sqft |
Source: Public Record Report a problem | ||
| 11/30/2011 | Sold | $3,043-98.7% |
Source: Public Record Report a problem | ||
| 7/1/2002 | Sold | $230,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,785 +34.4% | $236,600 +83.6% |
| 2024 | $5,791 +2% | $128,840 |
| 2023 | $5,675 | $128,840 |
| 2022 | $5,675 | $128,840 |
| 2021 | -- | $128,840 +17.5% |
| 2020 | $5,083 +80.3% | $109,680 |
| 2019 | $2,819 -43.2% | $109,680 |
| 2018 | $4,963 +77.4% | $109,680 |
| 2017 | $2,797 | $109,680 -1.7% |
| 2016 | $2,797 -42.7% | $111,560 0% |
| 2014 | $4,882 +3.1% | $111,586 |
| 2013 | $4,737 -1.3% | $111,586 |
| 2012 | $4,798 +3.9% | $111,586 -0.9% |
| 2011 | $4,617 +0.7% | $112,591 |
| 2009 | $4,583 | $112,591 |
| 2008 | -- | $112,591 +28.6% |
| 2007 | $4,230 +0.8% | $87,579 |
| 2006 | $4,195 | $87,579 |
| 2005 | $4,195 -3.4% | $87,579 |
| 2004 | $4,344 +9% | $87,579 +2% |
| 2002 | $3,985 | $85,875 |
| 2001 | -- | $85,875 -56.9% |
| 2000 | -- | $199,292 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37660
Nearby schools
GreatSchools rating
- 5/10Jackson Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 7/10Sevier Middle SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Dobyns - Bennett High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Jackson
- Middle: Sevier
- High: Dobyns Bennett
Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Sullivan County
- Kingsport
- 37660
- 1006 Gibson Mill Rd




