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Sold for $650,000
  • $650,000

    1006 Gibson Mill Rd, Kingsport, TN 37660

    3beds
    2baths
    8,759sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $721,000 Zestimate®
    $74/sqft
    $1,267 Estimated rent

    Home value

    $721,000

    $685,000 - $757,000

    $1,267/mo

    Zestimate® history
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    $3,808/mo

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    What's special

    Charming cottage style home
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jody Jones Garrison 423-863-3008,

    Crye-Leike Realtors

    Bought with:

    Emily Thomas, 367784

    KW Kingsport

    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: $74/sqft
    • Tax assessed value: $591,500
    • Annual tax amount: $7,785
    • Date on market: 5/8/2026
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    7/17/2026Sold$650,000-13.3%$74/sqft
    Source: TVRMLS #9995080 Report a problem
    5/15/2026Pending sale$750,000$86/sqft
    Source: TVRMLS #9995080 Report a problem
    5/8/2026Listed for sale$750,000+3324.7%$86/sqft
    Source: TVRMLS #9995080 Report a problem
    2/14/2020Sold$21,900+619.7%$3/sqft
    Source: Public Record Report a problem
    11/30/2011Sold$3,043-98.7%
    Source: Public Record Report a problem
    7/1/2002Sold$230,000$26/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: 37660

    Nearby schools

    GreatSchools rating
    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.

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