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!
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Listing Snapshot
Price
$800,000
Days On Site
140 Days
Bedrooms
N/A
Inside Area (SqFt)
8,253 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.57 Acres
Year Built
1971
MLS® Number
9985788
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 months ago
Price changed to $800,000
3 months ago
Listing updated with changes from the MLS®
5 months ago
Listing first seen on site
General Features
Acres
0.57
Foundation
Block
Levels
Two
Parking
Asphalt
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
8253
Style
See Remarks
Water Source
Public
Zoning
R 4
Interior Features
Appliances
Electric RangeMicrowaveRefrigerator
Cooling
Ceiling Fan(s)Heat Pump
Flooring
TileCarpetLaminate
Heating
Heat Pump
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Exterior Features
Construction Details
Brick
Roof
Shingle
Community Features
Financing Terms Available
CashConventional
Schools
School District
Unknown
Elementary School
Lincoln
Middle School
Sevier
High School
Dobyns Bennett
Listing courtesy of Alex Cooley of KW Johnson City
Listing information is provided by Participants of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Tennessee Virginia Regional MLS.
Data last updated at: 2026-02-02 05:01 PM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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