About 4006 Memorial Boulevard
This investment property--including two buildings and seven units--offers immediate rental income. At full capacity, this property provides an 8.7% cap rate and enough land to further develop and add more units for additional future income. With the TDOT road improvements on Hwy 126, the approximate boundary lines already show the new property borders which will change the traffic patterns for the better after the road modifications. Between an unfinished basement and a garage workshop, you'll also have plenty of storage space on site for anything needed for property management. Features to note include a 2yr old metal roof on Building 2, a 5yr old metal roof on Building 1, some plumbing and electrical updates, remodeling in process in 2 vacant units, and current tenants with good rental history. Whether you're already an investor or just stepping into the rental market, this property offers the unique position for established income with growth potential for more. Sale includes both parcels 062C E 017.00 and 062C E 018.00. Buyer(s)/buyer(s) agents to verify all information.
Features of 4006 Memorial Boulevard
| MLS® # | 9995031 |
|---|---|
| Price | $415,000 |
| Square Footage | 4,045 |
| Acres | 1.28 |
| Year Built | 1947 |
| Type | Multi Family |
| Sub-Type | Multi Family |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 4006 Memorial Boulevard |
|---|---|
| Subdivision | Not In Subdivision |
| City | Kingsport |
| County | Sullivan |
| State | TENNESSEE |
| Zip Code | 37664 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Natural Gas Available |
|---|---|
| Garages | Attached, Gravel |
| Is Waterfront | No |
Interior
| Appliances | Electric Range, Refrigerator |
|---|---|
| Heating | Heat Pump, Space Heater, Wall Furnace, See Remarks |
| Cooling | Ceiling Fan(s), Heat Pump, Window Unit(s) |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Block, Concrete, Exterior Entry |
Exterior
| Exterior | Brick, Concrete, Vinyl Siding, Plaster |
|---|---|
| Lot Description | Level, Part Wooded, Rolling Slope |
| Roof | Metal, See Remarks |
| Foundation | Block, Slab |
School Information
| Elementary | Jefferson |
|---|---|
| Middle | Robinson |
| High | Dobyns Bennett |
Additional Information
| Date Listed | May 7th, 2026 |
|---|---|
| Days on Market | 125 |
| Zoning | R 4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | CENTURY 21 Legacy Fort Henry |
|---|