Great Investment Opportunity! Discover the charm and potential of this historic building, a proven income-generator with a strong track record as a successful apartment complex. Boasting 100% occupancy nearly year-round and all units currently occupied, this property is a rare find.
Formerly known as the Palmer Building, this versatile property boasts a rich history as a pharmacy storefront, medical offices, and more. It offers endless possibilities, whether for office spaces, a restaurant, or any venture you envision.
The property features 11 units, generating $6,700 monthly or $80,400 annually. These include one 2-bedroom, 1-bath unit and ten 1-bedroom, 1-bath units, totaling 12 bedrooms and 11 bathrooms.
Located within walking distance of Dobyns-Bennett High School and just minutes from East Stone Drive's amenities, the property combines convenience with an unbeatable location. The owner pays utilities and there are no HOA or CAM fees.
This property offers excellent cash flow, with the potential for even greater returns with some TLC. Whether you're expanding your portfolio or launching a new endeavor, this is an opportunity you won't want to miss. Rent rolls and expenses are available upon request.
For sale
$449,900
2020 E Center St, Kingsport, TN 37664
5beds
4baths
--sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$449,700 Zestimate®
$--/sqft
$-- HOA
What's special
- 202 days
- on Zillow |
- 222 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: August 01, 2025 at 09:18am
Listed by:
Matt Fleenor 423-973-8634,
Greater Impact Realty Jonesborough 423-973-8634,
Alex Hurley 423-557-9848,
Greater Impact Realty Jonesborough
Source: TVRMLS,MLS#: 9975107
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Radiant
Cooling
- Window Unit(s)
Appliances
- Included: See Remarks
Features
- See Remarks
- Flooring: Vinyl, Carpet, Laminate
- Basement: Concrete,Sump Pump
Interior area
- Total structure area: 0
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: See Remarks
Lot
- Size: 3,920.4 Square Feet
- Dimensions: 25 x 145
- Topography: Level
Details
- Parcel number: 061d E 013.00
- Zoning: Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Multi Family
Materials
- Brick, Plaster
- Roof: Rubber
Condition
- Below Average
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Kingsport Heights
HOA
- Has HOA: No
Location
- Region: Kingsport
Financial & listing details
- Tax assessed value: $197,700
- Annual tax amount: $3,483
- Date on market: 8/1/2025
- Listing terms: Cash,Conventional
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