This investment property--including two buildings and seven units--offers immediate rental income. At full capacity, this property provides an 8.7% cap rate and enough land to further develop and add more units for additional future income. With the TDOT road improvements on Hwy 126, the approximate boundary lines already show the new property borders which will change the traffic patterns for the better after the road modifications.
Between an unfinished basement and a garage workshop, you'll also have plenty of storage space on site for anything needed for property management.
Features to note include a 2yr old metal roof on Building 2, a 5yr old metal roof on Building 1, some plumbing and electrical updates, remodeling in process in 2 vacant units, and current tenants with good rental history.
Whether you're already an investor or just stepping into the rental market, this property offers the unique position for established income with growth potential for more.
Sale includes both parcels 062C E 017.00 and 062C E 018.00. Buyer(s)/buyer(s) agents to verify all information.
For sale
$425,000
4006 Memorial Blvd, Kingsport, TN 37664
10beds
8baths
4,045sqft
:
Get pre-qualified$2,668/mo
Multi Family
Built in 1947
-- sqft lot
$-- Zestimate®
$105/sqft
$-- HOA
What's special
Garage workshopUnfinished basement
- 79 days |
- 760 |
- 31 |
Zillow last checked:
Listing updated:
Listed by:
Abigail Weaver 423-335-3937,
CENTURY 21 Legacy Fort Henry 423-239-6112
Source: TVRMLS,MLS#: 9995031
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Heat Pump, Space Heater, Wall Furnace, See Remarks
Cooling
- Ceiling Fan(s), Heat Pump, Window Unit(s)
Appliances
- Included: Electric Range, Refrigerator
Features
- Flooring: Vinyl, Tile, Luxury Vinyl, Hardwood, Laminate
- Basement: Block,Concrete,Exterior Entry
Interior area
- Total structure area: 4,045
- Total interior livable area: 4,045 sqft
Property
Parking
- Parking features: Attached, Gravel
- Has attached garage: Yes
Lot
- Size: 1.28 Acres
- Dimensions: 233M x 282M IRR & 75 x 150 IRR
- Topography: Rolling Slope, Part Wooded, Level
Details
- Parcel number: 062c E 017.00
- Zoning: R 4
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick, Concrete, Vinyl Siding, Plaster
- Foundation: Block, Slab
- Roof: Metal,See Remarks
Condition
- Below Average
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Natural Gas Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
Location
- Region: Kingsport
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $233,000
- Annual tax amount: $3,066
- Date on market: 5/7/2026
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,292/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2026 | Listed for sale | $425,000+203.6%$105/sqft |
Source: TVRMLS #9995031 Report a problem | ||
| 5/31/2006 | Sold | $140,000$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,066 +31.6% | $93,200 +79.8% |
| 2024 | $2,330 +2% | $51,840 |
| 2023 | $2,283 -10.9% | $51,840 -10.9% |
| 2022 | $2,562 | $58,160 |
| 2021 | -- | $58,160 +0.5% |
| 2020 | $2,682 +80.3% | $57,880 |
| 2019 | $1,488 -43.2% | $57,880 |
| 2018 | $2,619 +77.4% | $57,880 |
| 2017 | $1,476 | $57,880 -6.9% |
| 2016 | $1,476 -45.8% | $62,200 +0% |
| 2014 | $2,721 +3.1% | $62,189 |
| 2013 | $2,640 -1.3% | $62,189 |
| 2012 | $2,674 +9.2% | $62,189 +4.1% |
| 2011 | $2,449 +0.7% | $59,728 |
| 2010 | $2,431 | $59,728 |
| 2009 | $2,431 | $59,728 |
| 2008 | -- | $59,728 +20% |
| 2007 | $2,404 +0.8% | $49,781 |
| 2006 | $2,385 | $49,781 |
| 2005 | $2,385 -3.4% | $49,781 |
| 2004 | $2,469 +11.8% | $49,781 +4.6% |
| 2002 | $2,209 | $47,597 |
| 2001 | -- | $47,597 -52.7% |
| 2000 | -- | $100,643 |
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.Climate risks
Neighborhood: 37664
Nearby schools
GreatSchools rating
- 9/10Jefferson Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 8/10Robinson Middle SchoolGrades: 6-8Distance: 1.4 mi
- 8/10Dobyns - Bennett High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Jefferson
- Middle: Robinson
- 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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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.
