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Sold for $600,000
  • $600,000

    127 Patrick Ln, Gray, TN 37615

    8beds
    3,750sqft
    Single Family Residence, Residential
    Built in 1950
    -- sqft lot
    $600,400 Zestimate®
    $160/sqft
    $3,209 Estimated rent

    Home value

    $600,400

    $570,000 - $630,000

    $3,209/mo

    Zestimate® history
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    What's special

    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 $589K. Don't miss your chance--call today! For comp purposes, please see survey in documents. Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.

    Zillow last checked:

    Listing updated:

    Listed by:

    Garrett Addington 423-646-1060,

    The Addington Agency Bristol

    Bought with:

    Ivey Scott, 369231

    KW Johnson City

    Source: TVRMLS,MLS#: 9990235

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Dishwasher, Electric Range, Microwave, Refrigerator
    • Laundry: Electric Dryer Hookup, Washer Hookup
    Features
    • Remodeled
    • Flooring: Luxury Vinyl
    • Basement: Finished,Walk-Out Access
    Interior area
    • Total structure area: 3,750
    • Total interior livable area: 3,750 sqft
    • Finished area below ground: 1,875

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Patio
    Lot
    • Topography: Level, Rolling Slope
    Details
    • Parcel number: 005j E 024.00
    • Zoning: Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other,See Remarks
    • Property subtype: Single Family Residence, Residential
    Materials
    • Brick
    • Roof: Shingle
    Condition
    • Updated/Remodeled,Above Average
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Gray
    • Subdivision: Not In Subdivision

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/12/2026Sold$600,000+1.7%$160/sqft
    Source: TVRMLS #9990235 Report a problem
    4/12/2026Pending sale$589,900$157/sqft
    Source: TVRMLS #9991960 Report a problem
    3/6/2026Price change$589,900-0.9%$157/sqft
    Source: TVRMLS #9990235 Report a problem
    2/10/2026Price change$595,000-4.8%$159/sqft
    Source: TVRMLS #9990235 Report a problem
    1/16/2026Listed for sale$625,000+290.6%$167/sqft
    Source: TVRMLS #9990235 Report a problem
    10/15/2024Listing removed$1,150
    Source: TVRMLS #9962046 Report a problem
    5/1/2024Listing removed--
    Source: TVRMLS #9962046 Report a problem
    3/4/2024Price change$1,150-11.5%
    Source: TVRMLS #9962046 Report a problem
    2/16/2024Listed for rent$1,300
    Source: TVRMLS #9962046 Report a problem
    8/16/2021Sold$160,000-36%$43/sqft
    Source: TVRMLS #9927384 Report a problem
    11/9/2020Listing removed$249,900$67/sqft
    Source: Property Executives Johnson City #9913382 Report a problem
    10/16/2020Pending sale$249,900$67/sqft
    Source: Property Executives Johnson City #9913382 Report a problem
    9/28/2020Listed for sale$249,900$67/sqft
    Source: Property Executives Johnson City #9913382 Report a problem
    9/23/2020Pending sale$249,900$67/sqft
    Source: Property Executives Johnson City #9913382 Report a problem
    9/22/2020Listed for sale$249,900+40.4%$67/sqft
    Source: Property Executives Johnson City #9913382 Report a problem
    6/2/2016Sold$178,000$47/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,144 $125,400
    2024$2,144 +83.6%$125,400 +130.9%
    2023$1,168 $54,320
    2022$1,168 $54,320
    2021$1,168 $54,320
    2020$1,168 $54,320
    2019$1,168 $54,320 -1%
    2018-- $54,880
    2017$1,259 $54,880 +3.7%
    2016$1,259 +20.2%$52,920
    2015$1,048 $52,920
    2014$1,048 $52,920 -1.9%
    2013-- $53,920

    Find assessor info on the county website

    Neighborhood: 37615

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Gray
    • Middle: Gray
    • High: Daniel Boone

    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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    Estimated market value
    $600,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $600,400