308 E Sullivan St, Kingsport, TN, 37660
About This Home
Own a beautifully maintained, privately situated three-unit condo investment that is truly turn-key. Completely remodeled and featuring a brand-new roof, this property offers peace of mind along with modern style and quality. This exceptional property comes fully furnished, with all beautiful furniture and amazing appliances remaining -- allowing for immediate income potential from day one. Even better, it comes with an established and loyal clientele already in place, making this a seamless transition for any savvy investor. Each unit is thoughtfully designed and tastefully appointed, creating a warm, inviting atmosphere that keeps guests coming back time and time again. Whether you choose to continue operating as a successful short-term rental or explore long-term leasing options, the possibilities are both flexible and rewarding. These beautiful condos are not only located in the heart of Downtown Kingsport, but are also housed within a stunning, tall historic building-offering timeless character alongside modern comfort. Tucked away for privacy yet conveniently located near the vibrant charm of downtown, this property offers the perfect balance of seclusion and accessibility. Opportunities like this are incredibly rare-own not just real estate, but a thriving, income-producing asset from day one. Schedule your private showing today and step into a proven investment with endless potential!
Getting Around
Very Walkable
Minimal Transit
BikeableSchools
Construction
Condition
- Property condition: Above Average
- Year built: 1920
Materials
- Foundation: Concrete Perimeter
- Roof: Rubber
- Construction materials: Brick,Stone
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Built-In Electric Oven,Dishwasher,Dryer,Microwave,Refrigerator,Washer
- Laundry features: Electric Dryer Hookup,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Features
- 2+ Person Tub,Eat-in Kitchen,Granite Counters,Open Floorplan,Walk-In Closet(s)
- Door features: Wide Doors
- Window features: Double Pane Windows
- Flooring: Tile,Brick,Ceramic Tile,Hardwood
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 2,969
- Total interior livable area: 2,969 sqft
Property
Details
- Parcel number: 046p D 018.10
- Zoning: B 2
Features
- Levels: Three Or More
- Stories: 3
- Topography of land: See Remarks
Lot
- Lot size: 871.20 sqft
- Lot size dimensions: 28.22 x 42.33 IRR
Parking
- Parking features: Other
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Strong Wind
- Earthquake
- Lightning
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,527 | $30,324 |
| Home Insurance | $271 | $3,252 |
| Property Taxes | $245 | $2,940 |
| Electricity | $241 | $2,894 |
| Total | $3,284 | $39,408 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-18 | Listed for sale | $499,900 |
| 2023-01-26 | Listing removed | -- |
| 2022-09-13 | Price change | $499,900 |
| 2022-08-09 | Listed for sale | $549,000 |
View on Zillow