127 Patrick Lane, Gray, TENNESSEE

$595,000

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8

Beds

4

Baths

3,750

Square feet

About 127 Patrick Lane

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 $595K. 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.

Features of 127 Patrick Lane

MLS® # 9990235
Price $595,000
Bedrooms 8
Bathrooms 4.00
Full Baths 4
Square Footage 3,750
Year Built 1950
Type Residential
Sub-Type Single Family Residence
Style Other, See Remarks
Status Active

Community Information

Address 127 Patrick Lane
Area 307 - Gray/Boones Creek
Subdivision Not In Subdivision
City Gray
County Washington
State TENNESSEE
Zip Code 37615

Amenities

Is Waterfront No

Interior

Interior Features Remodeled
Appliances Dishwasher, Electric Range, Microwave, Refrigerator
Heating Heat Pump
Cooling Heat Pump
Fireplace No
Stories Two
Has Basement Yes
Basement Finished, Walk-Out Access

Exterior

Exterior Brick
Lot Description Level, Rolling Slope
Roof Shingle

School Information

Elementary Gray
Middle Gray
High Daniel Boone

Additional Information

Date Listed January 16th, 2026
Days on Market 26
Zoning Residential
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeThe Addington Agency Bristol

Listing Map

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