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For sale
  • $449,900

    2020 E Center St, Kingsport, TN 37664

    5beds
    4baths
    --sqft
    : 
    Multi Family
    Built in 1920
    -- sqft lot
    $449,700 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    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

    We'll find a local expert to take you on a private tour of 2020 E Center St.

    Next available tour time:Today at 11am

    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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