Last Sold Price
340 E Carters Valley Rd, Kingsport, TN 37660

Description

Incredible investment opportunity! Two story, all brick, townhouse style apartments in a great location close to the Tennessee and Virginia Border just off Lynn Garden and the I26 on ramp. All 2 bedrooms and 1 bath with modern paint colors, updated kitchens and baths and washer and dryer hookups in a concealed laundry closet. Covered front porch, nice patio out back with dividers from adjacent units and plenty of off street parking. Tenant responsible for all utilities. Instant income with all units...Incredible investment opportunity! Two story, all brick, townhouse style apartments in a great location close to the Tennessee and Virginia Border just off Lynn Garden and the I26 on ramp. All 2 bedrooms and 1 bath with modern paint colors, updated kitchens and baths and washer and dryer hookups in a concealed laundry closet. Covered front porch, nice patio out back with dividers from adjacent units and plenty of off street parking. Tenant responsible for all utilities. Instant income with all units currently rented. $54,600 annual rent income at current full occupancy rates with opportunity for rent increases. Serious inquires only please.
LISTING CLOSED: 01/19/2021 12:00 AM

  1. Listed by Robin Smith • KW Kingsport
  2. Listed by Rachel Smith • KW Kingsport

Property Details for 340 East Carters Valley Road

Status
MLS #
9915514
Days on Market
68
Taxes
$2,639 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Multi-Family
Year Built
1968
Lot Size
1.57 AC / 68,389 SF
Architectural Style
2 Story, Townhouse
Zoning
R 3

Recent comparable sales

Median sold price

$255,200

Avg days on market

91

Sale-to-list ratio

90.5%

Kingsport, TN

9 comparable properties found

$610,000 | 133 Walker Street, Kingsport, TN 37665
1/81
1

$610,000

Sold 05/23/25

8
Bedrooms
Unavailable
Square Feet
0.71
Acres
$340,000 | 536 Mayfield Avenue, Unit 3, Kingsport, TN 37665
1/55
2

$340,000

Sold 04/17/26

4
Bedrooms
1,976
Square Feet
0.24
Acres
$650,000 | 1006 Gibson Mill Road, Unit 47 48 49, Kingsport, TN 37660
1/92
3

$650,000

Sold 07/17/26

3
Bedrooms
8,759
Square Feet
Unavailable
Acres
$238,000 | 1168 Ridgecrest Avenue, Unit 12RA, Kingsport, TN 37665
1/55
4

$238,000

Sold 04/29/25

5
Bedrooms
1,880
Square Feet
0.21
Acres
$255,000 | 937 Chadwick Drive, Unit 9, Kingsport, TN 37660
1/10
5

$255,000

Sold 04/30/25

4
Bedrooms
Unavailable
Square Feet
0.38
Acres
$430,000 | 829-833 Dale Street, Unit 8, Kingsport, TN 37660
1/70
6

$430,000

Sold 07/27/26

9
Bedrooms
3,634
Square Feet
0.34
Acres
$255,200 | Undisclosed Address, Kingsport, TN 37660
1/8
7

$255,200

Sold 05/16/25

5
Bedrooms
2,068
Square Feet
0.37
Acres
$226,100 | 1108 Fairview Avenue, Unit 3, Kingsport, TN 37660
1/15
8

$226,100

Sold 07/29/26

6
Bedrooms
Unavailable
Square Feet
0.17
Acres
$85,000 | 1749 McGee Street, Unit 13, Kingsport, TN 37660
1/44
9

$85,000

Sold 12/09/24

4
Bedrooms
1,608
Square Feet
0.18
Acres

Location

Listing Courtesy of KW Kingsport, Robin Smith (423.340.1787); KW Kingsport, Rachel Smith (423.343.3238)

Sold By Premier Homes & Properties, KELLY WEST (423.530.7077)

Add your commute

Building Information for 340 East Carters Valley Road

Stories2Residences-Year Built1968Building Size-Lot Size1.57 AC / 68,389 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,914 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,694

Property Taxes

$220

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 340 East Carters Valley Road

Summary
Location and General Information
  • City: Kingsport
  • County: Sullivan
  • Directions: Take Lynn Garden Drive towards Weber City, turn right on E. Carters Valley Road, go approx. 1 mile. The building is on the right.
  • Latitude: 36.59
  • Longitude: -82.56
  • Postal Code: 37660
  • State Or Province: TN
  • MLS Area Major: 402 - Lynn Garden
  • MLS Area Minor: 402 - Lynn Garden
  • General Property Description : Zoning: R 3
Taxes and HOA Information
  • Parcel Number: 013i B 017.10
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 3059
  • Location Tax Legal Info : Deed Page: 360
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $2,638.88
School Information
  • High School: West Ridge
  • Middle Or Junior School: Ketron
  • Elementary School: Kennedy
Parking
  • Attached Garage: No
Property
Lot Information
  • Lot Size Dimensions: 241.27X283.98 IRR
  • Lot Size Square Feet: 68,389.20
  • Lot Size Acres: 1.57
  • Lot Features: Level
  • Lot Size Area: 1.57
  • Lot Size Units: Acres
  • Building Area Total: .00
  • General Property Description : Acres: 1.57
Property and Assessments
  • Property Condition: Above Average
  • Property Type: Multi-Family
  • Year Built: 1968
  • Property Sub Type: Multi-Family
  • Property Type Label: Multi-Family
  • Documents Available: Lead Based Paint Disclosure
  • New Construction: No
  • Construction : Site Built: Yes
Utilities
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: Heat Pump
  • Foundation Details: Block
  • Interior Features: Eat-in Kitchen
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Bathrooms Total Decimal: .00
  • Basement: Crawl Space
  • Flooring: Vinyl, Carpet, Laminate
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • General Property Description : Stories: 2
  • Appliances: Electric Range, Refrigerator
Exterior Features
  • Exterior Features: Sidewalk
  • Construction Materials: Brick
  • Parking Features: Asphalt, Gravel
  • Patio And Porch Features: Front Porch, Rear Patio
  • Roof: Shingle
  • Heating : Heat Pump: Heat Pump
  • Walls : Drywall: Yes
  • Roof : Shingle: Yes
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 8.00
  • General Property Description : Total Units: 8.00
Income & Expenses Information
  • Income and Expenses : Gross Annual Income: 54600
Unit 1
  • Unit 1 : # Bathrooms: 8.0
  • Unit 1 : # Bedrooms: 16
  • Unit 1 : Monthly Rent: 4550
Unit 2
  • Unit 2 : # Units: 0
Unit 3
  • Unit 3 : # Units: 0
Unit 4
  • Unit 4 : # Units: 0

Property History for 340 East Carters Valley Road

DateEvent & SourcePriceAppreciation
Jan 19, 2021

Closed (Public Record)

Public Record #687947724

$530,000

+15.2% / yr

Jan 19, 2021

Closed

Tennessee Virginia Regional MLS #9915514

$530,000
Nov 24, 2020

Contract - Not Showing

Tennessee Virginia Regional MLS #9915514

DateEvent & SourcePrice
01/19/2021

Closed (Public Record)

Public Record #687947724

$530,000

+15.2% / yr

01/19/2021

Closed

Tennessee Virginia Regional MLS #9915514

$530,000
11/24/2020

Contract - Not Showing

Tennessee Virginia Regional MLS #9915514

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

Public Records for 340 East Carters Valley Road

Taxable ValueLand$15,440Additions$223,120Total$238,560
Tax Record2025$3,848 ($321 / month)
Home Facts
Total Finished SqFt6,966 SqFtAbove Grade Finished SqFt6,966 SqFtStories2Lot Size39,640 SqFtStyleMulti-Family Res (5+ Units)Year Built1968Year Renovated1980ZoningR-3CountySULLIVANAPN013I B 01710

Schools near 340 East Carters Valley Road

This home is within Sullivan County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Ketron Elementary School
PublicPK to 5

Sullivan Heights Middle School
Public6 to 8

West Ridge High School
Public9 to 12

Cedar View Christian School
PrivatePK to 12

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.

Similar Homes

New listings in 37660

$419,900 | 856 Granby Road, Kingsport, TN 37660
1/42
New

$419,900

Unavailable
Bedrooms
1,614
Square Feet
0.31
Acres
$474,500 | 2601 Suffolk Street, Kingsport, TN 37660
1/62
New

$474,500

Unavailable
Bedrooms
3,440
Square Feet
0.43
Acres
$334,900 | 508 Willowbrook Trace, Kingsport, TN 37660
1/50

$334,900

Unavailable
Bedrooms
1,671
Square Feet
0.11
Acres
$2,550,000 | 920 Chadwick Drive, Kingsport, TN 37660
1/20
New

$2,550,000

Unavailable
Bedrooms
Unavailable
Bathrooms
18,954
Square Feet
Unavailable
Acres
$240,000 | 587 North Holston River Drive, Kingsport, TN 37660
1/2

$240,000

Unavailable
Bedrooms
1,374
Square Feet
0.91
Acres
$125,000 | 319 Sewanee Avenue, Kingsport, TN 37660
1/17

$125,000

Unavailable
Bedrooms
731
Square Feet
$525,000 | 2313 Norwich Place, Kingsport, TN 37660

$525,000

Unavailable
Bedrooms
4,207
Square Feet
0.57
Acres
$124,900 | 3232 Wil Rho Circle, Kingsport, TN 37660
1/27

$124,900

Unavailable
Bedrooms
2,765
Square Feet
0.38
Acres
$125,000 | 228 Ernie Drive, Kingsport, TN 37660
1/27

$125,000

Unavailable
Bedrooms
924
Square Feet
0.35
Acres

Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Kingsport, Robin Smith (423.340.1787); KW Kingsport, Rachel Smith (423.343.3238)

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: 10/02/2023 07:50 PM