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1223 Wateree Street, 
Kingsport, TN 37660

$825,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

William Lokar

Weichert Realtors Saxon Clark Kpt

423-765-9118

Last updated:

August 5, 2026, 03:26 PM

MLS#

9998329

Source:

TNVA MLS

About This Home

1223 Wateree Street

Seize the chance to own this centrally located 7-unit multi-family property in Kingsport, TN, offering an excellent return on investment. The complex includes five 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units, all fully occupied with total monthly rents of $7,090. Each unit is equipped with mini-split systems for efficient heating and cooling, ensuring tenant comfort year-round. Additionally, all units feature laundry hook-ups, adding convenience and appeal for residents. Two units have stackable units owned by the landlord. The property has undergone significant upgrades, including a new roof, updated electrical systems, and modernized plumbing. The recent encapsulation of the crawl space further enhances the building's structural integrity and energy efficiency. With a cap rate of 8.3%, this property is a compelling opportunity for investors seeking a stable and profitable asset. Don't miss out on this prime real estate in a vibrant community. Contact us today to schedule a viewing and explore the potential of this outstanding property!

Home Facts

Multi-Family

Built in 1930

Subdivision & Development:

City Of Kingsport

Price Summary

825,000

MLS #:

9998329

Last Updated:

August 5, 2026, 03:26 PM

Added:

21 day(s) ago


Structure

Structure

Architectural Style:

Traditional

Year Built:

1930


Lot

Lot Size (Sq. Ft):

11,325


Finances & Disclosures

Finances

Price:

$825,000

Source:TNVA MLS
The information being provided by Tennessee Virginia Regional Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Tennessee Virginia Regional Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.