For sale

Price cut: $15.1K (9/16)

$199,900

2040 Sherwood Rd, Kingsport, TN 37664

4beds

2baths

--sqft

$1,336/mo

Get pre-qualified

Multi Family

Built in 1940

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Both units of this duplex being sold. Excellent location close to shopping, restaurants and schools. This property does need work but has great potential! Lock box on the front door of each unit.

94 days
506
26

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

None

Cooling

None

Features

Flooring: Tile, Laminate
Windows: Storm Window(s), Other
Basement: Other

Interior area

Total structure area: 0

Property

Parking

Parking features: Asphalt, Gravel

Features

Levels: One
Stories: 1
Patio & porch: Deck

Lot

Size: 0.41 Acres
Dimensions: 103 x 172
Topography: Level

Details

Parcel number: 061l D 003.00
Zoning: R 1B

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Brick
Foundation: Slab
Roof: Shingle

Condition

Below Average
New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Forest Lawn

HOA

Has HOA: No

Location

Region: Kingsport

Financial & listing details

Tax assessed value: $155,500
Annual tax amount: $2,047
Date on market: 6/25/2026
Listing terms: Cash

Estimated market value

Not available

Estimated sales range

Not available

$1,194/mo

Price history

Date	Event	Price
9/16/2026	Price change	$199,900-7%
Source: TVRMLS #9997369 Report a problem
8/11/2026	Price change	$215,000-6.5%
Source: TVRMLS #9997369 Report a problem
6/25/2026	Listed for sale	$230,000+1177.8%
Source: TVRMLS #9997369 Report a problem
2/27/1995	Sold	$18,000+3.2%
Source: Public Record Report a problem
2/1/1994	Sold	$17,450
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,047 +25.4%	$62,200 +71.3%
2024	$1,632 +2%	$36,320
2023	$1,600	$36,320
2022	$1,600	$36,320
2021	--	$36,320 +18.8%
2020	$1,416 +80.3%	$30,560
2019	$785 -43.2%	$30,560
2018	$1,383 +77.5%	$30,560
2017	$779	$30,560 -2.2%
2016	$779 -43%	$31,240 0%
2014	$1,367 +3.1%	$31,248
2013	$1,327 -1.3%	$31,248
2012	$1,344 +7.4%	$31,248 +2.4%
2011	$1,251 +0.7%	$30,513
2010	$1,242	$30,513
2009	$1,242	$30,513
2008	--	$30,513 +18.8%
2007	$1,240 +0.8%	$25,681
2006	$1,230	$25,681
2005	$1,230 -3.4%	$25,681
2004	$1,274 +10.9%	$25,681 +3.7%
2002	$1,149	$24,757
2001	--	$24,757 -56.6%
2000	--	$57,090