Located in Kingsport, TN, Beason Well was built in 2003 and is comprised of 72 units. This affordable apartment community is 96% occupied and has a unit mix consisting of 2 and 3 bedroom units. Community amenities include on-site maintenance, a playground, breakfast/concierge area, and a picnic area. Each unit has washer / dryer hookups. Current average effective rent figures are at a 15% deficit of what could be collected if max rents were being charged.
This property is part of a 148 unit, three property LIHTC portfolio being sold in East Tennessee.
Sold for $5,700,000
$5,700,000
893 New Beason Well Rd, Kingsport, TN 37660
--beds
0baths
78,524sqft
Multi Family
Built in 2003
-- sqft lot
$5,691,900 Zestimate®
$73/sqft
$1,637 Estimated rent
Home value
$5,691,900
$4.95M - $6.49M
$1,637/mo
Zestimate® history
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$1,637/mo
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$32,619/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 12:15pm
Listed by:
Cohl Morgan 865-603-9887,
SVN I Wood Properties
Bought with:
Non Member Non Member
Non-Member Office
Source: East Tennessee Realtors,MLS#: 1292219
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Laminate, Vinyl
Interior area
- Total structure area: 78,524
- Total interior livable area: 78,524 sqft
Property
Parking
- Parking features: On Premise Parking
Details
- Parcel number: 031040.50
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 2003
Community & neighborhood
Location
- Region: Kingsport
Other
Other facts
- Listing terms: New Loan,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2025 | Sold | $5,700,000-6.9%$73/sqft |
Source:  East Tennessee Realtors #1292219 Report a problem | ||
| 5/16/2025 | Pending sale | $6,120,000$78/sqft |
Source: East Tennessee Realtors #1292219 Report a problem | ||
| 3/10/2025 | Listed for sale | $6,120,000$78/sqft |
Source: East Tennessee Realtors #1292219 Report a problem | ||
| 6/10/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/12/2024 | Listed for rent | $930 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 37660
Nearby schools
GreatSchools rating
- 9/10Jefferson Elementary SchoolGrades: PK-5Distance: 2.3 mi
- 7/10Robinson Middle SchoolGrades: 6-8Distance: 2.5 mi
- 8/10Dobyns - Bennett High SchoolGrades: 9-12Distance: 2.6 mi
- Tennessee
- Sullivan County
- Kingsport
- 37660
- 893 New Beason Well Rd