420 Wheatley Street, Kingsport, TENNESSEE

$840,000

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7,864

Square feet

0.57

Acres

About 420 Wheatley Street

Unlock the potential of this income-producing apartment building in the heart of Kingsport! Featuring 8 total units, this property offers a versatile mix of floor plans to attract a variety of tenants: (2) spacious 3-bed/1-bath units (4) comfortable 2-bed/1-bath units, (2) efficient 1-bed/1-bath units All units are currently 100% occupied by long-term tenants, providing stable cash flow with significant upside potential through future rent increases. The property is in an excellent location directly across from Eastman Headquarters, ensuring strong demand and long-term security. That's not all—an additional 421 sq. ft. storage area provides extra income potential or utility space for tenants. Each apartment comes with its own individual power meter, while city water, sewer, and schools make management simple. Tenants will also appreciate the ample on-site parking, a rare and valuable convenience for multi-family living. Whether you're an experienced investor looking to expand your portfolio or just starting out in real estate investing, this property offers a solid opportunity with long-term rental demand. Schedule your showing today and see why 420 Wheatley Street is the smart move for your investment future!

Features of 420 Wheatley Street

MLS® # 9985789
Price $840,000
Square Footage 7,864
Acres 0.57
Year Built 1971
Type Commercial Lease
Status Active

Community Information

Address 420 Wheatley Street
Area 413 - Downtown,Greenfields,Hillcrest
City Kingsport
County Sullivan
State TENNESSEE
Zip Code 37660

Amenities

Is Waterfront No

Interior

Heating Heat Pump
Cooling Ceiling Fan(s), Heat Pump
Fireplace No
Has Basement Yes

Exterior

Exterior Brick
Roof Shingle

Additional Information

Date Listed September 15th, 2025
Days on Market 11
Zoning R 4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKW Johnson City

Listing Map

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