4006 Memorial Boulevard Kingsport, TN 37664
Listing Courtesy of: TENNESSEE VIRGINIA / Century 21 Legacy / Abigail Weaver

  4006 Memorial Boulevard Kingsport, TN 37664

Active (7 Days)
$425,000 (USD)

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 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.

MLS #:
9995031
Lot Size
1.28 acres
Type
Multifamily
Year Built
1947
Style
Ranch
County
Sullivan County

Listed By

Abigail Weaver, Century 21 Legacy
Source
TENNESSEE VIRGINIA
Last checked May 13 2026 at 9:52 AM GMT-0400
Bathroom Details
Interior Features
  • Appliances : Electric Range
  • Appliances : Refrigerator
Subdivision
  • Not In Subdivision
Property Features
  • Foundation: Block
  • Foundation: Slab
Heating and Cooling
  • Heat Pump
  • See Remarks
  • Space Heater
  • Ceiling Fan(s)
  • Window Unit(s)
Basement Information
  • Exterior Entry
  • Block
  • Concrete
Flooring
  • Hardwood
  • Vinyl
  • Tile
  • Laminate
  • Luxury Vinyl
Exterior Features
  • Roof: Metal
  • Roof: See Remarks
Utility Information
  • Utilities: Natural Gas Available, Electricity Connected, Sewer Connected
  • Sewer: Public Sewer
School Information
  • Elementary School: Jefferson
  • Middle School: Robinson
  • High School: Dobyns Bennett
Parking
  • Gravel
  • Attached
Stories
  • 1
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Legacy and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Tennessee Virginia Regional MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 5/13/26 02:52