Great investment opportunity in Bloomingdale area. Renovated in 2013. Four total units, three units are 1BR/1BA, one unit is 2BR/1BA. Mix of LTV, carpet & vinyl flooring. Updated, neutral paint & flooring colors. Baseboard heat, window unit a/c. All units occupied and easy to rent. Landlord pays water only. Tenants responsible for electric. Operating expenses include water, dumpster service, grounds keeping and routine pest control. Could be purchased in package deal with MLS 421699.
Sold for $255,200 on 05/16/25
Street View
$255,200
405 Salem St, Kingsport, TN 37660
5beds
2,132sqft
MultiFamily
Built in 1955
-- sqft lot
$256,700 Zestimate®
$120/sqft
$1,273 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 4
Heating
- Heat pump, Electric
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Tile, Linoleum / Vinyl
- Basement: None
Interior area
- Total interior livable area: 2,132 sqft
Property
Parking
- Total spaces: 8
Features
- Exterior features: Brick
- Has view: Yes
- View description: Mountain
Lot
- Size: 0.37 Acres
Details
- Parcel number: 030FD03000000
- Zoning: Commercial
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Footing
- Roof: Asphalt
Condition
- Year built: 1955
Community & neighborhood
Location
- Region: Kingsport
Other
Other facts
- Zoning: Commercial
- NumberOfUnitsTotal: 4
- PropertyAttachedYN: true
- NumberOfUnitsInCommunity: 4
- NumberOfBuildings: 1
- GrossIncome: 18480
- NetOperatingIncome: 14810
- OperatingExpense: 2270