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.
Active
Price cut: $51K (5/6)
$1,199,000
1433 Stratford Rd, Kingsport, TN 37664
18beds
5baths
6,750sqft
Est.:
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$178/sqft
$-- HOA
What's special
Water heater replacementsExterior paintGutter guardsPavement improvementsEnhanced site lightingNew flooringSecurity cameras
- 97 days |
- 313 |
- 19 |
Zillow last checked:
Listing updated:
Listing Provided by:
Kunal Patel 731-613-5487,
SVN Accel Commercial Real Estate 615-671-4544,
Brian Truman 615-260-2121,
SVN Accel Commercial Real Estate
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3130337
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 5
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Other
Interior area
- Total structure area: 6,750
- Total interior livable area: 6,750 sqft
- Finished area above ground: 6,750
Property
Features
- Levels: One
- Stories: 2
Lot
- Size: 0.44 Acres
- Dimensions: 84 x 226.9 IRR
Details
- Parcel number: 062P G 01000 000
- Zoning: R 3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Green Valley Manor Sec 1
HOA
- Has HOA: No
Location
- Region: Kingsport
Financial & listing details
- Price per square foot: $178/sqft
- Tax assessed value: $783,800
- Annual tax amount: $10,315
- Date on market: 2/13/2026
- Inclusions: Negotiable
- Total actual rent: 4385
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Price change | $1,199,000-4.1%$178/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3130337 Report a problem | ||
| 2/13/2026 | Listed for sale | $1,250,000+6.4%$185/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3130337 Report a problem | ||
| 7/22/2024 | Listing removed | $1,175,000$174/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2618863 Report a problem | ||
| 6/25/2024 | Price change | $1,175,000-4.1%$174/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2618863 Report a problem | ||
| 2/13/2024 | Listed for sale | $1,225,000+28.9%$181/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2618863 Report a problem | ||
| 3/21/2022 | Sold | $950,000+2964.5%$141/sqft |
Source: Public Record Report a problem | ||
| 11/6/2019 | Listing removed | $550 |
Source: Zillow Rental Manager Report a problem | ||
| 10/31/2019 | Listed for rent | $550 |
Source: Zillow Rental Manager Report a problem | ||
| 5/2/2019 | Listing removed | $550 |
Source: Arbella Properties Inc. Report a problem | ||
| 4/2/2019 | Listed for rent | $550-4.3% |
Source: Arbella Properties Inc. Report a problem | ||
| 2/6/2019 | Listing removed | $575 |
Source: Arbella Properties Inc. Report a problem | ||
| 1/20/2019 | Listed for rent | $575 |
Source: Arbella Properties Inc. Report a problem | ||
| 7/5/2011 | Sold | $31,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,315 +70% | $313,520 +132.2% |
| 2024 | $6,068 +2% | $135,000 |
| 2023 | $5,946 | $135,000 |
| 2022 | $5,946 | $135,000 -1.2% |
| 2021 | -- | $136,680 +7.1% |
| 2020 | $5,913 +80.3% | $127,600 |
| 2019 | $3,279 -43.2% | $127,600 |
| 2018 | $5,774 +77.4% | $127,600 |
| 2017 | $3,254 | $127,600 -1.7% |
| 2016 | $3,254 -42.7% | $129,800 0% |
| 2014 | $5,680 +3.1% | $129,828 |
| 2013 | $5,512 -1.3% | $129,828 |
| 2012 | $5,583 +7.2% | $129,828 +2.2% |
| 2011 | $5,207 +0.7% | $126,980 |
| 2010 | $5,169 | $126,980 |
| 2009 | $5,169 | $126,980 |
| 2008 | -- | $126,980 +16.8% |
| 2007 | $5,249 +0.8% | $108,670 |
| 2006 | $5,205 | $108,670 |
| 2005 | $5,205 -3.4% | $108,670 |
| 2004 | $5,390 +5.9% | $108,670 -0.9% |
| 2002 | $5,089 | $109,672 |
| 2001 | -- | $109,672 -61.2% |
| 2000 | -- | $282,387 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37664
Nearby schools
GreatSchools rating
- 9/10Johnson Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 7/10Robinson Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10Dobyns - Bennett High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Andrew Johnson Elementary School
- Middle: Ross N. Robinson Middle School
- High: Dobyns - Bennett High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Sullivan County
- Kingsport
- 37664
- 1433 Stratford Rd
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