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Under contract - not showing
    • Price cut: $49K (7/13)
    $1,149,999

    1433 Stratford Rd, Kingsport, TN 37664

    9beds
    5baths
    6,750sqft
    : 
    $6,764/mo
    Get pre-qualified
    Multi Family
    Built in 1971
    -- sqft lot
    $-- Zestimate®
    $170/sqft
    $-- HOA

    What's special

    Water heater replacementsExterior paintGutter guardsPavement improvementsEnhanced site lightingNew flooringSecurity cameras
    SVN | Accel Commercial Real Estate is pleased to present Magnolia Ridge Apartments, an 11-unit multifamily investment opportunity located at 1433 Stratford Road in Kingsport, Tennessee. This fully renovated and stabilized asset offers immediate in-place cash flow with continued upside through future rent growth in a market experiencing strong demand and limited multifamily inventory. Magnolia Ridge features a balanced unit mix of: (1) 3BR / 2BA (4) 1BR / 1BA (6) 2BR / 1BA All units are separately metered for electricity, with water and trash billed back to tenants, providing operational efficiency and expense recovery. Ownership has invested approximately $250,000+ in capital improvements, delivering a true turnkey opportunity. Renovations include new flooring, fixtures, appliances, interior and exterior paint, upgraded electrical and plumbing systems, water heater replacements, windows, patio doors, pavement improvements, enhanced site lighting, security cameras, gutter guards, and full bathroom upgrades. With major capital improvements completed and the asset stabilized, Magnolia Ridge presents investors with a low-maintenance opportunity featuring durable cash flow and embedded rental upside in a supply-constrained Tri-Cities market.
    185 days
    |
    183
    |
    8
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kunal Patel 731-613-5487,

    SVN Accel Commercial Real Estate 615-671-4544,

    Brian Truman 615-260-2121,

    SVN Accel Commercial Real Estate

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3130337MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 5
      Heating
      • Central
      Cooling
      • Central Air
      Features
      • Flooring: Other
      Interior area
      • Total structure area: 6,750
      • Total interior livable area: 6,750 sqft
      • Finished area above ground: 6,750

      Property

      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 0.44 Acres
      • Dimensions: 84 x 226.9 IRR
      Details
      • Parcel number: 062P G 01000 000
      • Zoning: R 3
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 1971

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Water Available

      Community & HOA

      Community
      • Subdivision: Green Valley Manor Sec 1
      HOA
      • Has HOA: No
      Location
      • Region: Kingsport

      Financial & listing details

      • Price per square foot: $170/sqft
      • Tax assessed value: $783,800
      • Annual tax amount: $10,315
      • Date on market: 2/13/2026
      • Inclusions: Negotiable
      • Total actual rent: 4385

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/17/2026Pending sale$1,149,999$170/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3130337 Report a problem
        7/13/2026Price change$1,149,999-4.1%$170/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3130337 Report a problem
        5/6/2026Price change$1,199,000-4.1%$178/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3130337 Report a problem
        2/13/2026Listed for sale$1,250,000+6.4%$185/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3130337 Report a problem
        7/22/2024Listing removed$1,175,000$174/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2618863 Report a problem
        6/25/2024Price change$1,175,000-4.1%$174/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2618863 Report a problem
        2/13/2024Listed for sale$1,225,000+28.9%$181/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2618863 Report a problem
        3/21/2022Sold$950,000+2964.5%$141/sqft
        Source: Public Record Report a problem
        11/6/2019Listing removed$550
        Source: Zillow Rental Manager Report a problem
        10/31/2019Listed for rent$550
        Source: Zillow Rental Manager Report a problem
        5/2/2019Listing removed$550
        Source: Arbella Properties Inc. Report a problem
        4/2/2019Listed for rent$550-4.3%
        Source: Arbella Properties Inc. Report a problem
        2/6/2019Listing removed$575
        Source: Arbella Properties Inc. Report a problem
        1/20/2019Listed for rent$575
        Source: Arbella Properties Inc. Report a problem
        7/5/2011Sold$31,000$5/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,315 +70%$313,520 +132.2%
        2024$6,068 +2%$135,000
        2023$5,946 $135,000
        2022$5,946 $135,000 -1.2%
        2021-- $136,680 +7.1%
        2020$5,913 +80.3%$127,600
        2019$3,279 -43.2%$127,600
        2018$5,774 +77.4%$127,600
        2017$3,254 $127,600 -1.7%
        2016$3,254 -42.7%$129,800 0%
        2014$5,680 +3.1%$129,828
        2013$5,512 -1.3%$129,828
        2012$5,583 +7.2%$129,828 +2.2%
        2011$5,207 +0.7%$126,980
        2010$5,169 $126,980
        2009$5,169 $126,980
        2008-- $126,980 +16.8%
        2007$5,249 +0.8%$108,670
        2006$5,205 $108,670
        2005$5,205 -3.4%$108,670
        2004$5,390 +5.9%$108,670 -0.9%
        2002$5,089 $109,672
        2001-- $109,672 -61.2%
        2000-- $282,387
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 37664

        Getting around

        19 / 100
        Car-Dependent
        17 / 100
        Minimal Transit
        11 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Andrew Johnson Elementary School
        • Middle: Ross N. Robinson Middle School
        • High: Dobyns - Bennett High School

        Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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