Looking for a lucrative investment in the heart of the TriCities? Don't miss this one! Boasting 4 units, this 4500+ sqft building showcases a unique townhome style development situated at the end of the cul de sac with tons of potential. Currently generating a generous return, this property offers a value add opportunity with below market rents, turn key condition with room for improvements, and possibility for so much more! Individually metered and eligible for HUD, this property could be tailored to meet various investment strategies- consider affordable housing, elevate to upscale townhomes, or continue benefiting from the lucrative returns that are already being generated from this stable asset. Each unit offers a well maintained condition highlighted with a spacious floor plan, luxury vinyl flooring in most units, HVAC, and sliding glass doors leading to the secluded back patio. Strategically positioned in the county, yet located in the highly sought after Cooks Valley area, this property showcases an enviable location convenient to nearly everything with easy access on to Hwy 126, I-81, and much more! Whether you're a savvy investor looking to add a great asset to the portfolio, or aiming to live for free by house hacking, this property delivers unparalleled versatility and potential! Opportunities like this do not come up often and will not last long priced to sell at $450k. Don't miss your chance, and call today to take advantage of this opportunity! The information provided herein is deemed reliable but is collected from third party sources and subject to buyers, or buyers agent, verification.
Sold for $450,000 on 10/30/25
$450,000
5021 Emerald Dr, Kingsport, TN 37664
8beds
4baths
4,596sqft
Quadruplex, Multi Family
Built in 1983
-- sqft lot
$-- Zestimate®
$98/sqft
$1,462 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 30, 2025 at 04:06pm
Listed by:
Garrett Addington 423-646-1060,
The Addington Agency Bristol
Bought with:
Jennifer Lusk, 342869
The Addington Agency Bristol
Source: TVRMLS,MLS#: 9987426
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Electric Range, Refrigerator
Features
- See Remarks
- Flooring: Tile, Luxury Vinyl, Carpet, Laminate
Interior area
- Total structure area: 4,596
- Total interior livable area: 4,596 sqft
Property
Parking
- Parking features: Parking Pad
Features
- Levels: Two
- Stories: 2
- Patio & porch: Rear Patio
Lot
- Size: 0.76 Acres
- Dimensions: 33,105
- Topography: Level
Details
- Parcel number: 048o C 011.00
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Shingle
Condition
- Above Average,Average
- New construction: No
- Year built: 1983
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Kingsport