Property details
About 2020 E Center St
Great Investment Opportunity! Discover the charm and potential of this historic building, a proven income-generator with a strong track record as a successful apartment complex. Boasting 100% occupancy nearly year-round and all units currently occupied, this property is a rare find. Formerly known as the Palmer Building, this versatile property boasts a rich history as a pharmacy storefront, medical offices, and more. It offers endless possibilities, whether for office spaces, a restaurant, or any venture you envision. The property features 11 units, generating $6,700 monthly or $80,400 annually. These include one 2-bedroom, 1-bath unit and ten 1-bedroom, 1-bath units, totaling 12 bedrooms and 11 bathrooms. Located within walking distance of Dobyns-Bennett High School and just minutes from East Stone Drive's amenities, the property combines convenience with an unbeatable location. The owner pays utilities and there are no HOA or CAM fees. This property offers excellent cash flow, with the potential for even greater returns with some TLC. Whether you're expanding your portfolio or launching a new endeavor, this is an opportunity you won't want to miss. Rent rolls and expenses are available upon request.
Highlights
Summary
- Appliances: Other
- Basement: Yes
- Flooring Type: Vinyl, Carpet, Laminate
- Interior: See Remarks
- Exterior: See Remarks
- Architectural Style: See Remarks
- Heating: Radiant
- Cooling: Window Unit(s)
- List Price: $449,900
- Annual Tax Amount: $3,483
- Tax Year: 2022
- Lot: Level
- Directions: On I-26 W, take exit 4 for TN-92 S. Continue straight onto Old Wilcox Dr. Continue onto Sheridan Square/S Wilcox Dr. Turn Right onto E Center St. 2020 E Center St will be on the left.
- Year Built: 1920
- Lot Size: 0.09 Acres
- MLS Number: 9975107
- MLS Name: Tennessee/Virginia Regional MLS
- Office Name: Greater Impact Realty Jonesborough
- Office Phone: (423) 973-8634
- Office Email: admin@greaterimpactrealty.com
- Listing Agent: Matt Fleenor, Alex Hurley
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 10:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 21, 2021 | Home Sold | $373,900 |
| Jun 07, 2018 | Home Sold | $175,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $79,080 | $- |
| 2022 | $79,080 | $3,483 |
| 2021 | $79,080 | $3,483 |
| 2020 | $79,080 | $1,903 |
| 2019 | $54,320 | $2,457 |
| 2018 | $54,320 | $2,457 |
| 2017 | $54,320 | $2,905 |
History based on county public records data.
Nearby schools
6
Thomas Jefferson Elementary School
Public District PK-5
0.2 mi
•2216 Westmoreland Ave
8
Andrew Johnson Elementary School
Public District PK-5
0.8 mi
•1001 Ormond Dr
7
Abraham Lincoln Elementary School
Public District PK-5
0.9 mi
•1000 Summer St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,176. The majority of Kingsport, TN residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NHRA Drag Racing
Pro Boxing
Extreme Sports
Where do the neighbors shop?
Big Lots
Family Dollar
Sam's Club
Where do the neighbors go to eat?
Golden Corral
White Castle
LongHorn Steakhouse
What do the neighbors drive?
Kia
Chevrolet
Oldsmobile
What do the neighbors listen to?
Adult Standards
Rock
Contemporary Inspirational
Frequently asked questions
Living in Kingsport, TN
Transportation in Kingsport includes a variety of options for residents and visitors. The city's roadways connect seamlessly to major highways, facilitating travel and commuting. Public transit services are available, providing connections across the city and to key destinations. The community's layout encourages walkability in several areas, and there are designated paths that enhance the experience for cyclists. While ride-sharing services are operational, the city also supports initiatives to improve transport efficiency and accessibility for all.
The community is served by a network of public schools, offering educational opportunities from elementary to high school levels, as well as several private institutions that cater to diverse learning needs. Healthcare services in Kingsport are comprehensive, with facilities providing a range of care including urgent and primary care. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining options reflect the local culture, with an assortment of shops and eateries that showcase the region's flavors and crafts.
Kingsport is celebrated for its serene atmosphere and strong sense of community. The city prides itself on its vibrant cultural scene, including local festivals and events that highlight the area's heritage and communal spirit. Residents enjoy a variety of outdoor activities thanks to the well-maintained parks and nearby natural attractions, fostering a lifestyle that balances urban conveniences with an appreciation for the outdoors.
Kingsport offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in the area range from traditional to contemporary, with a noticeable presence of craftsman designs. The housing market is characterized by a mix of older homes with rich histories and newer constructions that cater to modern living preferences. The homeownership rate in Kingsport is robust, reflecting a community invested in long-term residency and stability.
About 2020 E Center St
The listing price of 2020 E Center St property is $449,900.
The property 2020 E Center St is a multi located in Kingsport, Tennessee, 37664.
Active Listing: 2020 E Center St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2020 E Center St are: Thomas Jefferson Elementary School (GreatSchools Rating 6/10), Andrew Johnson Elementary School (GreatSchools Rating 8/10), Abraham Lincoln Elementary School (GreatSchools Rating 7/10), Ross N. Robinson Middle School (GreatSchools Rating 8/10), John Sevier Middle School (GreatSchools Rating 5/10), Sullivan Heights Middle School (GreatSchools Rating 5/10), Dobyns-Bennett High School (GreatSchools Rating 8/10), Gate City High School (GreatSchools Rating 6/10), West Ridge High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2022 is $3,483 (source: MLS/based on county public records data).
The last sale was on July 21, 2021 for $373,900 (source: MLS/tax record).
The year of construction for 2020 E Center St is 1920.
This home is located at 2020 E Center St in Kingsport, TN and zip code 37664. Features: 0 bathroom. It has been listed on Rocket Homes since January 17, 2025 and is currently priced at $449,900.
In June 2025, from all listings sold in Kingsport, TN there were more than 20 sold above asking price, over 62 sold below and more than 22 were sold right at the asked price. The number of homes for sale in Kingsport, TN increased by 0.6% between May and June 2025. In June 2025 median list price was $267,450 and the average listing age was 69 days.