$10,000 Closing Credit¹
#9976255, Tiara Szczepan, Listing Office: KW Johnson City
Property details
About 893 New Beason Well Rd
Located in Kingsport, TN, Beason Well was built in 2003 and is comprised of 72 units. This affordable apartment community is 96% occupied and has a unit mix consisting of 2 and 3 bedroom units. Community amenities include on-site maintenance, a playground, breakfast/concierge area, and a picnic area. Each unit has washer / dryer hookups. Current average effective rent figures are at a 15% deficit of what could be collected if max rents were being charged. This property is part of a 148 unit, three property LIHTC portfolio being sold in East Tennessee.
Highlights
Home typeOther
HeatingCentral
StatusActive
CoolingCentral Air
Size78,524 sqft
Year built2003
ParkingOn Premise Parking
MLS #1292219
Summary
- Flooring Type: Laminate, Vinyl
- Attached Garage: No
- Parking: On Premise Parking
- Heating: Central
- Cooling: Central Air
- List Price: $6,120,000
- Price/SqFt: $77
- Directions: From E Stone Dr (US-11W N). Go for 0.7 mi. Turn left onto New Beason Well Rd. Go for 0.5 mi. Turn left towards Beason Well Apartments. Go for 0.1 mi.
- Year Built: 2003
- Living Area: 78,524 SqFt
- MLS Number: 1292219
- MLS Name: East Tennessee REALTORS® MLS
- Office Name: SVN I Wood Properties
- Office Phone: (865) 637-7777
- Office Email: marisa.hipsher@svn.com
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Last updated on: 4/29/2025, 9:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$6,120,000
893 New Beason Well Rd
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Price information
Property sales
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Tax history
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Nearby schools
4
Ketron Elementary School
Public District PK-5
1.3 mi
•3301 Bloomington Pike
6
Thomas Jefferson Elementary School
Public District PK-5
2.4 mi
•2216 Westmoreland Ave
7
Abraham Lincoln Elementary School
Public District PK-5
3.2 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 $34,091. Residents of Kingsport, TN typically earn less than $<35k each year. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
50%
<35k
37%
35k-100k
8%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
30%
Single, No Kids
10%
Single, with Kids
38%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
15%
18-34 yrs old
43%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Extreme Sports
Where do the neighbors shop?
Kmart
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Sonic
Little Caesars
What do the neighbors drive?
Buick
Oldsmobile
Chevrolet
What do the neighbors listen to?
Oldies- Contemporary Inspirational
Country
All data provided by Home Junction and Claritas
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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 893 New Beason Well Rd
The listing price of 893 New Beason Well Rd property is $6,120,000.
The property 893 New Beason Well Rd is a house located in Kingsport, Tennessee, 37660.
Active Listing: 893 New Beason Well Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 893 New Beason Well Rd are: Ketron Elementary School (GreatSchools Rating 4/10), Thomas Jefferson Elementary School (GreatSchools Rating 6/10), Abraham Lincoln Elementary School (GreatSchools Rating 7/10), Sullivan Heights Middle School (GreatSchools Rating 5/10), Ross N. Robinson Middle School (GreatSchools Rating 8/10), John Sevier 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).
The property at 893 New Beason Well Rd has 0 bathroom.
The property 893 New Beason Well Rd is 78,524 SqFt (source: MLS/tax record).
The year of construction for 893 New Beason Well Rd is 2003.
This home is located at 893 New Beason Well Rd in Kingsport, TN and zip code 37660. This 78,524 square foot home was built in 2003. Features: 0 bathroom. It has been listed on Rocket Homes since March 10, 2025 and is currently priced at $6,120,000.
Kingsport, TN housing market in March 2025 saw over 21 listings sold above listed price, more than 19 sold at listed price and over 56 sold below. The number of homes for sale in Kingsport, TN increased by 14.5% between February and March 2025. The median list price of listings available in March 2025 was $270,077, while the average time on the real estate market was 89 days.
From Rocket Homes Real Estate and based on county public records data.