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4006 Memorial Boulevard

Kingsport, TN 37664

$425,000 $1,791/Mo

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Overview

Bed

Bath

1.28

Acres(Lot)

Description

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 renta l 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.

Property Details

Property Type : Residential Income

Price : $425,000

AD Id : 78215964

MLS Id : 9995031

Lot Size : 1.28 Acres

Year Built : 1947

County : Sullivan

Subdivision: Harrisburg

Map

What's Nearby

Nearby Areas

Features

Room Information

Has Basement: Yes Basement: Block, Concrete, Exterior Entry
Flooring Information

Vinyl, Tile, Hardwood, Laminate
Roofing Information

Metal, See Remarks
Interior Features

Roof: Metal, See Remarks Appliances: Electric Range, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Heat Pump, Space Heater, See Remarks Has Cooling: Yes Cooling: Ceiling Fan(s), Heat Pump, Window Unit(s)

Building Information

Year Built: 1947 Building Area Total: 4045 Construction Materials: Brick, Concrete, Vinyl Siding, Plaster Private Pool: No

Lot Information

Lot Dimensions: 233M X 282M IRR & 75 X 150 IRR Main Square Feet: 1.28 Acres Lot Size Acres: 1.28 Lot Size Square Feet: 55756.8

Property Information

Subdivision: Not In Subdivision Source Property Type: Residential Income Property SubType: Multi Family Property Age: 79

Listing Price Information

Listing Price: $425000 Cash, Conventional

Tax Information

Parcel Number: 062c E 017.00

Parking Information

Attached, Gravel

Garage Information

Has Attached Garage: Yes

School Information

Elementary School: Jefferson

Junior High School: Robinson

Senior High School: Dobyns Bennett
Utility Information

Natural Gas Available, Electricity Connected, Sewer Connected
Location Information

Direction: From the intersection of Hwy 93/John B Dennis Hwy and Hwy 126/Memorial Blvd, travel .6 miles east towards Cooks Valley. Apartments will be on your left, adjacent to Amy Avenue. WaterSource: Public Security Features: Smoke Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4033 Harbor Chapel Road, Kingsport, TN, 37664	$630,000	--	--	--

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 06/18/2026 @ 03:12

MLS: 9995031 LISTED BY: Abigail Weaver, CENTURY 21 Legacy Fort Henry 423-239-6112 SOURCE: TennesseeVirginia Regional MLS