1006 Gibson Mill Rd, Kingsport, TN, 37660
About This Home
Rare investment opportunity! Located in the heart of Kingsport, this property offers multiple income-producing properties with excellent rental potential. After over 25 successful years of ownership and operation, the owners are ready to retire, creating an outstanding opportunity for investors to purchase a well-established, income-producing property with long-term potential. The property features a storefront commercial building currently occupied and operated by Holston Floral Shop, an 8-Unit Apartment Building featuring 1-bedroom, 1-bathroom units, A Duplex offering one 2-bedroom, 1-bathroom and one 1-bedroom, 1-bathroom unit, plus a Charming Cottage Style Home with 2 bedrooms and 1 bathroom. 9 units are currently rented, providing immediate income for the new owner. Holston Floral Shop is currently operating at the property. The storefront is currently set up and operating as a floral shop. The space offers a great opportunity for someone interested in continuing a floral business or creating their own storefront business. Whether you are looking to grow your investment portfolio or purchase a well-established multi-property investment, this opportunity offers immediate rental income and excellent long-term potential in a prime location with easy access to downtown Kingsport, shopping, restaurants, medical offices, and Holston Valley Medical Center.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Average
- Year built: 1930
Materials
- Foundation: Other
- Roof: Metal
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Cottage,Other,See Remarks
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Range,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Flooring: Tile
Heating & Cooling
- Heating features: Baseboard,Central,Heat Pump
- Cooling features: Heat Pump,Wall Unit(s),Window Unit(s)
Interior Area
- Total structure area: 8,759
- Total interior livable area: 8,759 sqft
Property
Details
- Parcel number: 046g G 02500 000, 048g G 023 00, 046g G 024.00
- Attached to another structure: Yes
- Zoning: B 1
Features
- Levels: Two
- Stories: 2
- Topography of land: Level
Lot
- Lot size dimensions: 0
Parking
- Parking features: Driveway,Attached,Shared Driveway
- Has garage: Yes
- Has uncovered spaces: Yes
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
- Earthquake
- Inland Flooding
- Lightning
- Strong Wind
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 | $3,792 | $45,504 |
| Home Insurance | $407 | $4,884 |
| Property Taxes | $368 | $4,416 |
| Electricity | $711 | $8,540 |
| Total | $5,278 | $63,336 |
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 |
|---|---|---|
| 2026-05-08 | Listed for sale | $750,000 |
| 2020-02-14 | Sold | $21,900 |
| 2011-11-30 | Sold | $3,043 |
| 2002-07-01 | Sold | $230,000 |
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