# 127 Patrick Lane, Gray, TN 37615

> **TL;DR:** 8bd/4ba single family, $589,900 ($157/sqft), built 1950, 3,750 sqft.
> A/C. Est. $2,556/mo. Listed 84 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $589,900 |
| Price/sqft | $157 |
| Bedrooms | 8 |
| Bathrooms | 4 full |
| Square Feet | 3,750 |
| Year Built | 1950 |
| Stories | 2 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 84 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,556 |
| **Total** | **$2,556** |

## Nearby Schools

- **Elementary:** Gray
- **Middle:** Gray
- **High:** Daniel Boone

## Key Amenities

- A/C

## Property Highlights

- Built in 1950
- 2 stories

## Description

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

## Location

- **Address:** 127 Patrick Lane, Gray, TN 37615
- **County:** Washington
- **Neighborhood:** Not In Subdivision
- **Coordinates:** 36.437032, -82.455551
- **Google Maps:** https://www.google.com/maps?q=36.437032,-82.455551

## Listing Agent

- **Name:** Garrett Addington
- **Brokerage:** The Addington Agency Bristol
- **Phone:** 4236461060
- **Email:** Garrett@TheAddingtonAgency.com

## Primary Photo

![127 Patrick Lane - Primary Photo](http://lh.rdcpix.com/2e1525b54a7610150925f8e45ad7e3cfl-f1918866826r.jpg)

*63 total photos available on [listing page](https://www.propertysimple.com/listing/127-patrick-lane-gray-tn-37615-9990235)*

---

**MLS#:** 9990235 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/127-patrick-lane-gray-tn-37615-9990235)

---

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  "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--makin",
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