$589,900
127 Patrick Lane
Gray, TN 37615
MLS# 9991960



167 Gray Station Rd GUnit-40
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167 Gray Station Rd GUnit-40 Drone 167 Gray Station Rd GUnit-45 167 Gray Station Rd GUnit-44 UNIT 1 UNIT 1 167 Gray Station Rd GUnit-27 167 Gray Station Rd GUnit-28 167 Gray Station Rd GUnit-21 167 Gray Station Rd GUnit-20 167 Gray Station Rd GUnit-22 167 Gray Station Rd GUnit-23 167 Gray Station Rd GUnit-24 167 Gray Station Rd GUnit-25 167 Gray Station Rd GUnit-26 167 Gray Station Rd GUnit-42 167 Gray Station Rd GUnit-41 UNIT 2 UNIT 2 167 Gray Station Rd GUnit-17 167 Gray Station Rd GUnit-18 167 Gray Station Rd GUnit-19 167 Gray Station Rd GUnit-14 167 Gray Station Rd GUnit-15 167 Gray Station Rd GUnit-16 167 Gray Station Rd GUnit-9 167 Gray Station Rd GUnit-10 167 Gray Station Rd GUnit-11 167 Gray Station Rd GUnit-12 167 Gray Station Rd GUnit-13 167 Gray Station Rd GUnit-2 167 Gray Station Rd GUnit-3 167 Gray Station Rd GUnit UNIT 3 UNIT 3 167 Gray Station Rd GUnit-36 167 Gray Station Rd GUnit-37 167 Gray Station Rd GUnit-38 167 Gray Station Rd GUnit-35 167 Gray Station Rd GUnit-34 167 Gray Station Rd GUnit-33 167 Gray Station Rd GUnit-29 167 Gray Station Rd GUnit-30 167 Gray Station Rd GUnit-31 167 Gray Station Rd GUnit-32 167 Gray Station Rd GUnit-8 167 Gray Station Rd GUnit-4 UNIT 4 UNIT 4 167 Gray Station Rd GUnit-56 167 Gray Station Rd GUnit-57 167 Gray Station Rd GUnit-54 167 Gray Station Rd GUnit-52 167 Gray Station Rd GUnit-53 167 Gray Station Rd GUnit-55 167 Gray Station Rd GUnit-50 167 Gray Station Rd GUnit-51 167 Gray Station Rd GUnit-49 167 Gray Station Rd GUnit-47 167 Gray Station Rd GUnit-48 167 Gray Station Rd Unbranded DRONE G UN 167 Gray Station Rd Unbranded DRONE G UN 167 Gray Station Rd Unbranded DRONE G UN

Property 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.

Details
Maps
Location, Tax & Legal Info
Parcel ID: 005j E 024.00
Deed Book #: 1069
Deed Page #: 2244
City Taxes: 0
County Taxes: 848.59
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 589900
Current Price: $589,900
Listing Date: 2026-03-06
General Property Description
Lot Dimensions: IRR
Acres: 0
Zoning: Residential
# Buildings: 1
Elementary School: Gray
# of Units: 4
Middle School: Gray
Total Units: 4
High School: Daniel Boone
HOA Y/N: No
Property Sub-Type: Quadruplex
Year Built: 1950
Remarks & Misc
Public Remarks: 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.
Directions: From I-26, Take exit 13 to merge onto TN-75 N/Bobby Hicks Hwy. Turn left onto Cox Rd. Sharp right onto Gray Station Rd.
Property Condition
Above Average: 1
Exterior Finish
Brick: 1
Unit 1
# Units: 1
# Bedrooms: 2
# Bathrooms: 1
Unit 2
# Bedrooms: 2
# Bathrooms: 1
Style
Other: 1
See Remarks: 1
Roof
Shingle: 1
Unit 3
# Bedrooms: 2
# Bathrooms: 1
Levels
Two: 1
Unit 4
# Bedrooms: 2
# Bathrooms: 1
Interior Features
Remodeled: 1
Heating
Heat Pump: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dishwasher: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Topography/Lot Description
Level: 1
Rolling Slope: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Flooring
Luxury Vinyl: 1
Easements
Rec. Right of Way: 1
See Remarks: 1
Basement
Finished: 1
Walk-Out Access: 1
Financing
Cash: 1
Conventional: 1
Other Rooms
Laundry: 1
Porch/Patio/Deck
Deck: 1
Patio: 1
Walls
Drywall: 1
Structure Type
Quadruplex: 1
Location Tax Legal Info
Street #: 127
Street Name: Patrick
St Suffix: Lane
County: Washington
State/Province: TN
Zip Code: 37615
Area: 307 - Gray/Boones Creek
Subdivision: Not In Subdivision
Property Features
Property Condition: Above Average
Style: Other; See Remarks
Levels: Two
Exterior Finish: Brick
Interior Features: Remodeled
Appliances: Dishwasher; Electric Range; Microwave; Refrigerator
Flooring: Luxury Vinyl
Roof: Shingle
Other Rooms: Laundry
Heating: Heat Pump
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Sewer: Public Sewer
Basement: Finished; Walk-Out Access
AC: Heat Pump
Structure Type: Quadruplex
Walls: Drywall
Easements: Rec. Right of Way; See Remarks
Financing: Cash; Conventional

Listing Office: The Addington Agency Bristol

Last Updated: March - 06 - 2026

Information deemed reliable but not guaranteed.


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