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About This Home

This 8-bedroom, 4-bathroom single family at 127 Patrick Lane in Gray, TN is listed for $589,900 ($157 per sqft). Built in 1950, the home offers 3,750 sqft of living space on a N/A lot.

Agent Description

REDUCED!! 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 a

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

Key Features

  • Built in 1950
  • 2 stories

Property Details

2 stories
4 full
1950

Amenities

A/C

Monthly Cost Estimate

$3,155/mo

20% down · 6.5% · 30 years

Principal$427
Interest$2,556
Insurance$172

Estimates only. Actual payments may vary.

Location

127 Patrick Lane

Gray, TN 37615

Not In Subdivision

Features & Amenities

Interior Features

Remodeled

Property Details

Flooring

Vinyl

Construction

Brick

Pool Features

DeckPatio

Heating

Heat Pump (Heating)

Cooling

Heat Pump

Appliances

DishwasherElectric RangeMicrowaveRefrigerator

Questions & Answers

This 8-bedroom, 4-bathroom single family at 127 Patrick Lane is listed at $589,900 ($157/sqft). The estimated monthly payment is $2,556 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 2 stories. Interior Features: Remodeled.

This property is listed by Garrett Addington and can be reached at 4236461060 or Garrett@TheAddingtonAgency.com.

GA

Garrett Addington

Agent at The Addington Agency Bristol

(423) 646-1060

Listed by The Addington Agency Bristol

MLS# 9990235· Source: listhub· Updated 84 days ago

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

127 Patrick Lane, Gray, TN 37615

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