TN
Washington
Gray
37615
127 Patrick Lane
127 Patrick Lane, Gray, TN 37615
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Listing Type
Single Family
Listing Status
Active
63
$625,000

Home Details for 127 Patrick Lane

Price
$625,000
Type
Residential
Bedrooms
8
Bathrooms
4.0
Square feet
3750
Year built
1950
County
Washington
Total rooms
24
Garage
Basement
Finished, Walk-Out Access
Days on site
19
MLS Listing#
9990235
Property Description

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 $625,000. Don't miss your chance—call today! Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.

Property Features
  • Basement
    • Finished
    • Walk-Out Access
  • Cooling Information
    • Heat Pump
  • Heating Information
    • Heat Pump
  • Water Features
    • Public
School Information
School Information for 127 Patrick Lane, Gray, TN 37615
Elementary School
Gray
Middle School
Gray
High School
Daniel Boone
Listing Courtesy: The Addington Agency Bristol - 423-845-5800
Presented by: Garrett Addington
The data relating to real estate for sale on this website 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 EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Tennessee Virginia Regional MLS. All Rights Reserved.
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Market statistics compiled from data from Tennessee Virginia Regional MLS.
EXIT REALTY TRI-CITIES
1604 Lamons Lane #201, Johnson City, TN 37604
Office
423 806 0400
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