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127 Patrick Lane
127 Patrick Lane
127 Patrick Lane
127 Patrick Lane
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Courtesy of The Addington Agency Bristol
Sold

127 Patrick Lane

127 Patrick Lane, Gray, TN 37615

$600,000
Looking for a lucrative investment in the heart of the Tri-Cities? Don't miss this one--location, location, location! Boasting four units in true turnkey condition, this stacked-flat fourplex offers 3,750+ sqft of finished living space and has been completely remodeled throughout.

Currently generating a strong return, this like-new property has undergone extensive renovations throughout, including new flooring, sheetrock, mechanicals, roof, windows, kitchens, bathrooms, and more--making this a low-maintenance, plug-and-play investment.

Individually metered and fully occupied, the property lends itself to a variety of investment strategies. Explore options such as long-term rentals, STRs, rent-by-the-room with PadSplit, or simply continue enjoying the solid cash flow from an already stabilized asset.

Each unit features a spacious floor plan with 2 large bedrooms and 1 full bathroom, highlighted by durable LVP flooring, HVAC, laundry hookups, and dedicated outdoor space--all contributing to strong tenant appeal.

Strategically positioned in the heart of everything, this property is located in an established neighborhood convenient to all nearby attractions that include local parks, retail, restaurants, grocery stores, while also being just a short drive away from nearly everything in the TriCities with easy access to I-81 & I-26!

Whether you're a seasoned investor looking to strengthen your portfolio or an owner-occupant aiming to house hack and live for free, this property delivers exceptional versatility and tremendous upside. Opportunities like this don't come often--priced to sell at $589K. Don't miss your chance--call today! For comp purposes, please see survey in documents.

Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.

8
beds

4
baths

3,750 Sq.Ft. LIVING AREA

Ivey Scott

Ivey Scott

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms4
  • full bathrooms4
  • Laundry room Electric Dryer Hookup, Washer Hookup
  • Flooring Luxury Vinyl
  • APPLIANCES Dishwasher, Electric Range, Microwave, Refrigerator
  • other interior Features Remodeled

Area & Lot

  • Status Sold
  • Date Sold June 12, 2026
  • Living Area3,750 Sq.Ft.
  • Total Area3,750 Sq.Ft.
  • MLS® ID9990235
  • TypeResidential
  • YEAR BUILT1950
  • NeighborhoodJohnson City
  • Architecture StylesOther, See Remarks
  • Elementary SchoolGray
  • Middle SchoolGray
  • High SchoolDaniel Boone

Exterior

  • STORIES2
  • water SourcePublic
  • roofShingle
  • HEAT TYPEHeat Pump
  • AIR CONDITIONINGHeat Pump
  • sewerPublic Sewer

Financial

  • Sales Price$600,000
  • Zoning Residential

Johnson City

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Every move is handled with intention and care, guiding clients through decisions with clarity, patience, and a steady, thoughtful approach.

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