127 Patrick Ln
Gray, TN 37615

$625,000

Price

Beds

Baths

3,750 Sq. Ft.

$167 / Sq. Ft.

3,750

Sq. Ft.

$167

per Sq. Ft.

167 Gray Station Rd Unbranded DRONE G UN

Description

Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss this one—location, location, location! Boasting four units in true turnkey condition, this stacked-flat fourplex offers 3,750+ sqft of finished living space and has been completely remodeled throughout. Currently generating a strong return, this like-new property has undergone extensive renovations throughout, including new flooring, sheetrock, mechanicals, roof, windows, kitchens, bathrooms, and more—making this a low-maintenance,...Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss this one—location, location, location! Boasting four units in true turnkey condition, this stacked-flat fourplex offers 3,750+ sqft of finished living space and has been completely remodeled throughout. Currently generating a strong return, this like-new property has undergone extensive renovations throughout, including new flooring, sheetrock, mechanicals, roof, windows, kitchens, bathrooms, and more—making this a low-maintenance, plug-and-play investment. Individually metered and fully occupied, the property lends itself to a variety of investment strategies. Explore options such as long-term rentals, STRs, rent-by-the-room with PadSplit, or simply continue enjoying the solid cash flow from an already stabilized asset. Each unit features a spacious floor plan with 2 large bedrooms and 1 full bathroom, highlighted by durable LVP flooring, HVAC, laundry hookups, and dedicated outdoor space—all contributing to strong tenant appeal. Strategically positioned in the heart of everything, this property is located in an established neighborhood convenient to all nearby attractions that include local parks, retail, restaurants, grocery stores, while also being just a short drive away from nearly everything in the TriCities with easy access to I-81 & I-26! Whether you're a seasoned investor looking to strengthen your portfolio or an owner-occupant aiming to house hack and live for free, this property delivers exceptional versatility and tremendous upside. Opportunities like this don't come often—priced to sell at $625,000. Don't miss your chance—call today! Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.

Listed by Garrett Addington • The Addington Agency Bristol

Property Details for 127 Patrick Lane

Architectural Style

Other, See Remarks

Zoning

Residential

Subdivision

Not In Subdivision

LISTING UPDATED: 01/16/2026 11:21 AM

Property Details for 127 Patrick Lane

Status	Active
MLS #	9990235
Days on Market	9
Taxes	$849 / year
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Single Family
MLS Type	Residential / Single Family Residence
Year Built	1950
Lot Size	-
County	Washington County

Location

Listing Courtesy of The Addington Agency Bristol, Garrett Addington (423.646.1060)

Add your commute

Building Information for 127 Patrick Lane

Stories-Year Built1950Building Size-Lot Size-

Payment Calculator

$3,117 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,046

Property Taxes

$71

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 127 Patrick Lane

Summary

Location and General Information

City: Gray
County: Washington

Directions: From I-26, Take exit 13 to merge onto TN-75 N/Bobby Hicks Hwy. Turn left onto Cox Rd. Sharp right onto Gray Station Rd.
Latitude: 36.44
Longitude: -82.46
Postal Code: 37615
State Or Province: TN
Topography: Level, Rolling Slope
MLS Area Major: 307 - Gray/Boones Creek
MLS Area Minor: 307 - Gray/Boones Creek
General Property Description : Zoning: Residential

Taxes and HOA Information

Tax Book Number: 1069
Association: No

Parcel Number: 005j E 024.00
Association Fee: 0.0
General Property Description : Deed Book: 1069
General Property Description : Deed Page: 2244
Location Tax Legal Info : City Taxes: $.00
Location Tax Legal Info : County Taxes: $848.59

School Information

High School: Daniel Boone
Middle Or Junior School: Gray

Elementary School: Gray

Property

Lot Information

Lot Size Dimensions: IRR
Lot Size Acres: 0.0

Living Area: 3,750.00
Building Area Total: 3,750.00
General Property Description : Acres: .00
General Property Description : Above Grade SqFt: 1875.0
General Property Description : Total SqFt Unfinished: 0.0
SqFt Details : Finished SqFt Level: 1875
SqFt Details : Basement Total SqFt: 1875
SqFt Details : Garage Total SqFt: 0

Property and Assessments

Property Condition: Above Average
Property Type: Residential,Single Family Residence

Year Built: 1950
Property Sub Type: Single Family Residence
Property Type Label: Residential
New Construction: No
Showing Instructions : Sign: Yes

Utilities

Sewer: Public Sewer
Water Source: Public

Interior and Exterior Features

Interior Features

Cooling: Heat Pump
Interior Features: Remodeled

Laundry Features: Electric Dryer Hookup, Washer Hookup
Bathrooms Total Decimal: 4.00
Basement: Finished, Walk-Out Access
Flooring: Luxury Vinyl
Rooms Total: 24
Bathrooms Total Integer: 4
Bathrooms Total Notational: 4.00
Cooling: Yes
Heating: Yes
Levels: Two
BedroomsTotal: 8
Bathrooms Full: 4
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator

Exterior Features

Construction Materials: Brick
Patio And Porch Features: Deck, Patio

Roof: Shingle
Heating : Heat Pump: Heat Pump
Walls : Drywall: Yes
Roof : Shingle: Yes
Exterior Finish : Brick: Yes

Property History for 127 Patrick Lane

Date	Event & Source	Price	Appreciation
Jan 16, 2026	Listed (Active) Tennessee Virginia Regional MLS #9990235	$625,000	—
Aug 16, 2021	Closed Tennessee Virginia Regional MLS #9927384	$160,000	—
May 23, 2008	Closed Tennessee Virginia Regional MLS #256956	$221,000	—
Apr 15, 2008	Contract - Not Showing Tennessee Virginia Regional MLS #256956		—
Nov 26, 2007	Listed (Active) Tennessee Virginia Regional MLS #256956	$229,500	—

Date	Event & Source	Price
01/16/2026	Listed (Active) Tennessee Virginia Regional MLS #9990235	$625,000
08/16/2021	Closed Tennessee Virginia Regional MLS #9927384	$160,000
05/23/2008	Closed Tennessee Virginia Regional MLS #256956	$221,000
04/15/2008	Contract - Not Showing Tennessee Virginia Regional MLS #256956	—
11/26/2007	Listed (Active) Tennessee Virginia Regional MLS #256956	$229,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 127 Patrick Lane

Taxable ValueLand$18,240Additions$107,160Total$125,400

Tax Record2025$2,144 ($179 / month)

Home Facts

Baths8Total Finished SqFt5,625 SqFtAbove Grade Finished SqFt3,750 SqFtFinished Basement SqFt1,875 SqFtStories1Lot Size21,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1961Year Renovated1984CountyWASHINGTONAPN005J E 02400 001

Schools near 127 Patrick Lane

This home is within Washington County School District.


Rating	School	Type	Grades	Distance
6/10	Gray Elementary School	Public - Serves this home	PK to 8	1.9 mi
6/10	Daniel Boone High School	Public - Serves this home	9 to 12	4.6 mi
NR	Boones Creek Middle School	Public - Nearby school	5 to 8	4.7 mi
NR	Boones Creek Elementary School	Public - Nearby school	PK to 4	4.8 mi
4/10	Tennessee Virtual Learning Academy	Public - Nearby school	3 to 12	8.6 mi
NR	Jonesborough Middle School	Public - Nearby school	5 to 8	9.4 mi


Rating	School	Distance
6/10	Gray Elementary School PublicPK to 8 Serves this home	1.9 mi
6/10	Daniel Boone High School Public9 to 12 Serves this home	4.6 mi
NR	Boones Creek Middle School Public5 to 8 Nearby school	4.7 mi
NR	Boones Creek Elementary School PublicPK to 4 Nearby school	4.8 mi
4/10	Tennessee Virtual Learning Academy Public3 to 12 Nearby school	8.6 mi
NR	Jonesborough Middle School Public5 to 8 Nearby school	9.4 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 127 Patrick Lane, Gray, TN 37615

127 Patrick Lane is a single family home for sale in Gray, TN 37615. This property was listed for sale on January 16, 2026 by The Addington Agency Bristol, it's currently listed at $625,000. It has been on the market for a total of 9 days and was last sold on August 16, 2021. This listing's school district is Washington County School District. Nearby schools include Gray Elementary School, Daniel Boone High School and Boones Creek Middle School. 127 Patrick Lane is a 8-bed, 4-bath, 3,750 sqft single family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Addington Agency Bristol, Garrett Addington (423.646.1060)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 01/16/2026 11:21 AM

127 Patrick LnGray, TN 37615

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More information about 127 Patrick Lane, Gray, TN 37615

127 Patrick Ln
Gray, TN 37615