$450,000
PENDING

5021 Emerald Dr Kingsport, TN 37664

Estimated payment $2,811/month

Total Views 328
-- Bed
-- Bath
4,596 Sq Ft
$98 Price per Sq Ft

Highlights

  • No HOA
  • Cooling Available
  • Tile Flooring
  • Paneling
  • Patio
  • Level Lot

About This Home

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.

Listing Agent

Garrett Addington

The Addington Agency Bristol License #337697 Listed on: 10/23/2025

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1983

Parking

  • Parking Pad

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 4,596 Sq Ft Home
  • 2-Story Property
  • Paneling

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile
  • Luxury Vinyl Plank Tile

Schools

  • Indian Springs Elementary School
  • Sullivan Central Middle School
  • West Ridge High School

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Patio
  • Property is in good condition

Listing and Financial Details

  • Assessor Parcel Number 048o C 011.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $42,720

Townhouse Details

Home Type

Townhome

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Directions: From I-81S, Take exit 66 toward Kingsport. Turn right onto TN-126 W. Turn left onto Cooks Valley Rd. Turn right onto Spardale St. Turn right onto Emerald Dr. GPS Friendly.
  • Prop. Type: Multi Family
  • Building Stories: 2
  • Year Built: 1983
  • Property Sub Type: Quadruplex
  • Architectural Style: Townhouse, See Remarks
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: Quadruplex
  • Location Tax Legal Info Parcel ID: 048o C 011.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.76
  • General Property Description Zoning2: R1
  • General Property Description Elementary School3: Indian Springs
  • General Property Description Middle School2: Sullivan Central Middle
  • General Property Description High School3: West Ridge
  • General Property Description HOA YN: No
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • General Property Description Lot Dimensions: 33,105
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Tile2: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 2
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Flooring Luxury Vinyl: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 4
  • Levels:Two: Yes
  • General Property Description Senior Community YN3: No
  • Style Townhouse2: Yes
  • Structure Type:Quadruplex: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Flooring: Tile, Luxury Vinyl, Carpet, Laminate
  • Interior Amenities: See Remarks
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Property Condition: Above Average, Average
  • Roof: Shingle
  • Acres: 0.76
  • Topography: Level
  • Construction Type: Brick
  • Patio And Porch Features: Rear Patio
  • Exterior Finish Brick4: Yes
  • PorchPatioDeck Rear Patio: Yes

Garage/Parking

  • Parking Features: Parking Pad
  • Attached Garage: No
  • Parking Features:Parking Pad: Yes

Utilities

  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Indian Springs
  • High School: West Ridge
  • Middle Or Junior School: Sullivan Central Middle

Lot Info

  • Zoning: R1
  • Lot Dimensions: 33,105
  • Lot Size Sq Ft: 33105.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 048o C 011.00

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 42720.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2025 10/23/25 Pending -- -- --
10/23/2025 10/23/25 For Sale $450,000 +176.1% $98 / Sq Ft
12/08/2016 12/08/16 Sold $163,000 0.0% -- View Prior Sale
12/07/2016 12/07/16 For Sale $163,000 -- --
Source: Tennessee/Virginia Regional MLS

Source: Tennessee/Virginia Regional MLS

MLS Number: 9987426

Tennessee/Virginia Regional MLS