5021 Emerald Dr Kingsport, TN 37664
Estimated payment $2,811/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 9987426
- 120 Lemay Dr
- 845 Emory Church Rd
- 105 Lemay Dr
- 112 Shuler Dr
- 0 Moody Dr
- TBD Chestnut Ridge Rd
- 4886 Eagle Pointe Dr
- 625 Cooks Valley Rd
- 321 Rockwood St
- 211 Saddle Ridge Dr
- 4617 Old Stage Rd
- 0 Orebank Rd Unit 11537999
- 0 Orebank Rd Unit 307463
- 4609 Old Stage Rd
- Lot 21 Country Dr
- Lot 3 Country Dr
- Lot 2 Country Dr
- 4589 Old Stage Rd
- 192 Stage Rd
- 0 Foxfire Ln