About 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!
Features of 1223 Wateree Street
| MLS® # | 9998329 |
|---|---|
| Price | $825,000 |
| Acres | 0.26 |
| Year Built | 1930 |
| Type | Multi Family |
| Sub-Type | Multi Family |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 1223 Wateree Street |
|---|---|
| Subdivision | City Of Kingsport |
| City | Kingsport |
| County | Sullivan |
| State | TENNESSEE |
| Zip Code | 37660 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Appliances | Dishwasher, Electric Range, Refrigerator |
|---|---|
| Heating | See Remarks |
| Cooling | See Remarks |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Lot Description | Level |
| Roof | Metal |
School Information
| Elementary | Lincoln |
|---|---|
| Middle | Sevier |
| High | Dobyns Bennett |
Additional Information
| Date Listed | July 17th, 2026 |
|---|---|
| Days on Market | 3 |
| Zoning | R 1B |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Weichert Realtors Saxon Clark KPT |
|---|