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Sold on 06/12/2026
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127 Patrick Lane Gray Tn 37615, Gray, TN 37615

$600,000

Last sold 06/12/2026 after 147 Days

  • 8

    bed

  • 4

    bath

  • 3,750

    Sqft ($160/Sqft)

House not for sale

About 127 Patrick Lane Gray Tn 37615

Property type House
Neighborhood
Year built 1950
HOA fee $0/month
Movoto estimate
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 $589K. Don't miss your chance--call today! For comp purposes, please see survey in documents. Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.
Listed by
Listing Agent - Garrett Addington
Listing Office - The Addington Agency Bristol
Source: TVRMLS mls logo
MLS#9990235 • last updated 3 months ago
Movoto checked TVRMLS for data 6 minutes ago
Overview
Cooling/AC Heat Pump
Heating Heat Pump
Levels/Style Two, Other, See Remarks
MLS # 9990235
Status Closed
SubType Single Family Residence
SqFt 3750
Year Built 1950
Property Condition Above Average
Interior
Total # of Bathrooms 4
# of Full Baths 4
Total # of Bedrooms 8
Total # of Rooms 24
Laundry Electric Dryer Hookup, Washer Hookup
Flooring Luxury Vinyl
Interior Features Remodeled
Exterior
Roof Shingle
Construction Brick
Patio/Porch Deck, Patio
Amenities / Utilities
Water Source Public
Sewer/Septic Public Sewer
Location
Subdivision Not In Subdivision
Elementary School Gray
High School Daniel Boone
Middle School Gray
Zoning Residential
$653K
Range: $588K-$718K
Last 30 days 
  • Jun 2026
    mls logo MLS # 9990235
  • Jun 12, 2026 Sold
    $600,000 (+1.7%)
  • Apr 12, 2026 Pending
    —
  • Mar 6, 2026 Price Change
    $589,900 (-0.9%)
  • Feb 10, 2026 Price Change
    $595,000 (-4.8%)
  • Jan 16, 2026 Listed
    $625,000 (+251.1%)
  • Jun 2016
    Public Records
  • Jun 2, 2016 Sold
    $178,000
  • Year Property taxes Tax assessment
  • 2025
    $2,144
    $125,400
  • 2024
    $2,144
    $125,400
  • 127 Patrick Lane Gray Tn 37615
    $600K
  • 307 - Gray/boones Creek
    —
  • 37615
    $421K -1% y/y
  • Gray
    $425K -13% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
167 Gray Station Rd, Gray, TN 37615 $276,000 —/1 1,310 0.03
112 Sb Snyder Dr, Gray, TN 37615 $225,000 —/— 1,216 0.03
121 Patrick Ln, Gray, TN 37615 $366,000 —/2 1,575 0.03
171 Gray Station Rd, Gray, TN 37615 $494,000 3/3 1,974 0.04
121 Sb Snyder Dr, Gray, TN 37615 $312,000 —/2 1,350 0.04
115 Patrick Ln, Gray, TN 37615 $367,000 —/— 1,609 0.05
175 Gray Station Rd, Gray, TN 37615 $406,000 3/2 1,544 0.05
147 Gray Station Rd, Johnson City, TN 37615 $256,000 3/1 1,334 0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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Source: GreatSchools.org © 2026. All rights reserved.

Around 307 - Gray/boones Creek

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