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1433 Stratford Rd, 
Kingsport, TN 37664

$1,250,000

—

Bed

—

Bath

6,750

Sq Ft

Multi-Family

Active

Listed by

Kunal Patel

, 

Brian Truman

Svn Accel Commercial Real Estate

615-671-4544

Last updated:

February 16, 2026, 03:24 PM

MLS#

3130337

Source:

NASHVILLE

About This Home

1433 Stratford Rd

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.

Home Facts

Multi-Family

Built in 1971

Price Summary

1,250,000

$185 per Sq. Ft.

MLS #:

3130337

Last Updated:

February 16, 2026, 03:24 PM

Added:

14 day(s) ago

Rooms & Interior

Interior

Living Area:

6,750 Sq. Ft.

Structure

Structure

Building Area:

6,750 Sq. Ft.

Year Built:

1971

Finances & Disclosures

Finances

Price:

$1,250,000

Price per Sq. Ft:

$185 per Sq. Ft.

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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.