127 Patrick Ln, Gray, TN 37615
PENDING

127 Patrick Ln
Gray, TN 37615

  • 8 Beds
  • 4 Baths

$589,900

Est. Mortgage $3,280/mo*
Get Pre-Qualified

$589,900

Est. Mortgage $3,280/mo*
Get Pre-Qualified
8 Beds
4 Baths

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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.

Home Highlights

Parking
No Info
Outdoor
Patio, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
76 days ago

Home Details for 127 Patrick Ln

Interior Features

Interior Details
Basement: Finished,Walk-Out Access
Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 4
Appliances & Utilities
Appliances: Dishwasher, Electric Range, Microwave, RefrigeratorDishwasherLaundry: Electric Dryer Hookup,Washer HookupMicrowaveRefrigerator
Heating & Cooling
Heating: Heat PumpHas CoolingAir Conditioning: Heat PumpHas HeatingHeating Fuel: Heat Pump
Windows, Doors, Floors & Walls
Flooring: Luxury Vinyl
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Luxury Vinyl
View
No View

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Deck, Patio
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Topography: Rolling Slope, Level

Days on Market

Days on Market: 76

Property Information

Year Built
Year Built: 1950
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex, Multi FamilyStructure Type: QuadruplexArchitecture: Other,See Remarks
Building
Construction Materials: BrickNot a New ConstructionAttached To Another Structure
Property Information
Condition: Updated/Remodeled, Above AverageParcel Number: 005j E 024.00

Price & Status

Price
List Price: $589,900
Status Change & Dates
Off Market Date: Sun Apr 12 2026

Active Status

MLS Status: Active Under Contract

Location

Direction & Address
City: GrayCommunity: Not In Subdivision
School Information
Elementary School: GrayJr High / Middle School: GrayHigh School: Daniel Boone

Agent Information

Listing Agent
Listing ID: 9991960

HOA

No HOA

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 9991960
Last check for updates: about 10 hours ago
Listing courtesy of Garrett Addington, (423) 646-1060
The Addington Agency Bristol, (423) 845-5800
Source: TVRMLS, MLS#9991960
Also Listed on TVRMLS, TVRMLS, TVRMLS.

Price History for 127 Patrick Ln

DatePriceEventSource
04/12/2026$589,900PendingTVRMLS #9991960
03/06/2026$589,900PriceChange
TVRMLS #9990235
02/10/2026$595,000PriceChange
TVRMLS #9990235
01/16/2026$625,000Listed For SaleTVRMLS #9990235
10/15/2024$1,150ListingRemovedTVRMLS #9962046
05/01/2024ListingRemovedTVRMLS #9962046
03/04/2024$1,150PriceChange
TVRMLS #9962046
02/16/2024$1,300Listed For RentTVRMLS #9962046
08/16/2021$160,000Sold
TVRMLS #9927384
11/09/2020$249,900ListingRemovedAgent Provided
10/16/2020$249,900PendingAgent Provided
09/28/2020$249,900PendingToActiveAgent Provided
09/23/2020$249,900PendingAgent Provided
09/22/2020$249,900Listed For SaleAgent Provided
06/02/2016$178,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$2,144
Assessment$313,500
Home facts updated by county records

Comparable Sales for 127 Patrick Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
415 Oak Grove Rd, Gray, TN
2.00
Multi-Family Home
$250,000
10/02/25
4
2
1,560
120 Kram Ct, Gray, TN
2.76
Multi-Family Home
$465,000
02/26/26
8
4
3,628
200 Deck Ln #801-803, Blountville, TN
3.04
Multi-Family Home
$615,000
05/29/25
8
6
5,247
145 Lester Heights Rd, Gray, TN
4.12
Multi-Family Home
$693,000
06/04/25
16
8
-
4204 Carroll Creek Rd, Johnson City, TN
4.92
Multi-Family Home
$500,000
01/20/26
8
4
2,880
730 Sir Echo Dr, Kingsport, TN
3.91
Multi-Family Home
$1,170,000
05/18/26
-
-
1527 Fuller St, Kingsport, TN
7.81
Multi-Family Home
$305,000
04/02/26
7
5
3,286

Assigned Schools

These are the assigned schools for 127 Patrick Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Johnson City

At least 542 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 81 % Say parking is easy

  • 79 % Say there's holiday spirit

  • 76 % Say it's dog friendly

  • 70 % Say yards are well-kept

  • 61 % Say people would walk alone at night

  • 59 % Say it's quiet

  • 58 % Say kids play outside

  • 53 % Say neighbors are friendly

  • 50 % Say there's wildlife

  • 49 % Say streets are well-lit

  • 47 % Say there are sidewalks

  • 45 % Say they plan to stay for at least 5 years

  • 32 % Say it's walkable to restaurants

  • 31 % Say it's walkable to grocery stores

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Dianna Ewald
    "Woodland elementary school has many functions throughout the year with students as participants! Great great great school district!"
    0
    Flag
  • Delanna Reed
    "All the neighborhood streets have sidewalks for walking dogs. Many of the streets are level. The community is close knit."
    0
    Flag
  • Helen.taylor831tn
    "Scout Branch, Johnson City is a nice neighborhood in the suburbs. It’s convenient to get to the city for great shopping and dining. We are close to several mountains and beautiful scenery. "
    1
    Flag
  • Angie Fetzer
    "I’m unaware of community events in this area.. close to Mall and restaurants.. lots to do. Hope this helps."
    0
    Flag
  • Lashondaman
    "We have lived here for about a year and a half now and so far it has been peaceful. Hopefully, the community stays the same with all of the new buildings being built."
    0
    Flag
  • Farmer623
    "I lived here for 46 years. It’s quiet and it seems like younger people are moving in now. There are not many children to play with like there were when my children were small."
    1
    Flag
  • Mcnyttvjb9
    "Lived here for 8 years. Love Johnson city. Great place. Good food and places to hangout or check out. Nice people. Great college town. "
    1
    Flag
  • Helen.FT
    "We moved here 3 weeks ago as my husband relocated with his job. We are close to everything. We have a brand new home in a nice and quiet neighborhood. People here are very friendly. "
    1
    Flag
  • Eric Clark
    " The parks are pet friendly, and most dog owners pick up after their dogs. I don’t know about other neighborhoods though."
    0
    Flag
  • Farmer623
    "It’s quiet and feels safe. It’s gone from a community with lots of kids to a community with older people for the most part."
    0
    Flag
  • 95bsr7mjs4
    "we could use more of those doggy bag stations along the sidewalks. they would like that the sidewalks are well kept and clean "
    0
    Flag
  • Trulia User
    "The founders park yearly lighting of the tree it is so fun ans great to take pictures the free park is great as well"
    2
    Flag
  • Hdurham1104
    "Great community and wonderful college town. Grew up here and have lived in different areas around the city. Love it here "
    0
    Flag
  • Gilbert Grape
    "It’s a quiet neighborhood. Everyone seems to keep to themselves. Kids are nice and don’t cause trouble. Seems safe as long as I’ve been here. "
    0
    Flag
  • Trulia User
    "We have both worked from home/remotely since 2020 so we no longer commute north. The neighborhood is great for working from home and the internet speeds are optimum for our professional and our personal use. "
    1
    Flag
  • Trulia User
    "it's pretty rural, so there aren't too many "community events". we do have a very tight community spirit though. "
    1
    Flag
  • Trulia User
    "I guess all in all its like most other neighborhoods any more. You have your good and bad. There is a elementary school down the road. There is a college a couple of gad stations and a dollar store so a few conveniences but it is busy on the main road. The local volunteer fire department is very active and seem friendly. The crime rate locally does seem higher but I think it is increasing everywhere. People seem to leave you alone if you don't bother them maybe if you socialized they would but I don't have kids so I can't speak on that."
    0
    Flag
  • Judyabel43
    "I've lived here in this neighborhood and area all my life and it's so convenient to walk to the VA hospital and kawanis Park and Church and restaurants and shopping is so close and people are veryfriendly and I walk to the park and store with my grandson and pet and neibors watch out for others and have fun at kawanis Park and lots of festivities from ballgames to fireworks and different things. I've ran all over the neighborhood even in the middle of the night chasing my doggie when she gets out and feel safe."
    3
    Flag
  • Judyabel43
    "I've lived here in this area my whole life and it's very convenient to walk to the park and stores and friendly and I love this location and it's next to the VA hospital and kawanis Park and Church and restaurants and shopping and people that watch out for you and places to watch ballgames and places for your children to play and watch the fireworks and etc and easy access to work and the hospital and everything "
    2
    Flag
  • Trulia User
    "The commute is very nice. There are local stores within walking distance. The transit is right in the neighborhood."
    5
    Flag
  • Trulia User
    "There are excellent schools and a lot of good playgrounds here. Lots of sidewalks and the neighborhood is mostly one way so you don’t have to worry as much about traffic"
    0
    Flag
  • Mpmorand
    "Trick or treat, community yard sale, movie shows during summer, concerts during summer.and fall. Very safe."
    12
    Flag
  • KWB
    "Close to a bus line and within walking distance of downtown and the mall. Less than a mile to expressway access. "
    11
    Flag
  • Antanina H.
    "Traveling from the North side of Johnson City to the South side of JC takes only 13 minutes without heavy traffic and minimal traffic lights."
    0
    Flag
  • Razmom
    "All of our neighbors have dogs. They are all welcoming to any dog owners. It is a pleasant neighborhood for dog walking. There are plenty of dog friendly parks! "
    3
    Flag
  • Shelby.baso
    "There are lots of college students and young adults in the area. Most of us keep to ourselves but you’ll see the occasional person walking a dog or going for a jog. Perfect amount of neighborly interaction."
    12
    Flag
  • Antanina H.
    "There are various events held downtown on occasion as well as Founders Park and the Johnson City Mall. This year, Trunk or Treat will be held at the mall this month for the kids."
    0
    Flag
  • Dan M.
    "I’ve lived here most of my life. Johnson City is a great place to live and raise children. Smaller town, so you must be willing to commute for most cultural events. Very safe."
    0
    Flag
  • Honeybee
    "it has buses and bicycle routes that seem safe, they are some trails as well..dog parks, good enough parking"
    1
    Flag
  • Sherri K.
    "Close to trails to take your dog for long walks on. Many of the residents I know in the area are pet owners. "
    4
    Flag
  • Tcsineath
    "Easy on, easy off. All highway. Alternate routes. Options to get in and out if traffic dictates. Drivers are kind and generally follow the rules of the road "
    2
    Flag
  • Jaina E.
    "Dogs roam free. Cars drive too fast if dogs get loose. It’s not safe at all for dogs. There is a dog park close by though. "
    0
    Flag
  • Emily H.
    "We have holiday decorating events, multicultural events, live music, festivals, and lots of beautiful scenery"
    2
    Flag
  • Margaret M.
    "Near the high school so on the Fourth of July you can go watch fireworks. Our neighbors look out for us. "
    1
    Flag
  • Jennifer H.
    "This neighborhood is very family friendly. We have parks close enough to walk to and sidewalks with street lights for playing and dog walking. It is a very friendly community of professional people with a wonderful medical system. "
    2
    Flag
  • Amy_e_hayes
    "Great neighborhood for walking dogs. I see my neighbors daily on walks or runs. Good sidewalks. Good local parks. "
    0
    Flag
  • Jennifer H.
    "The neighborhood is safe and many people run and walk. Very nice neighbors. Two big parks near by Kiwanis and Rotary. "
    0
    Flag
  • Gumbeauxconstructionllc
    "It's a great place to raise kids. The schools system is pretty advanced. There are many schools to choose from and depending on your location, is how to decide on your home "
    1
    Flag
  • Nathan B.
    "Great place to raise a family but the schools can be lacking. Johnson City is very high in restaurants and medical care jobs, but lacks a good diverse range of businesses to have a career at."
    0
    Flag
  • Gcecil0507
    "Mixed levels of socioeconomic status in the neighborhood. Lots of children and dogs. Low crime rate. "
    4
    Flag

LGBTQ Local Legal Protections

Garrett Addington, The Addington Agency Bristol, (423) 845-5800
Agent Phone: (423) 646-1060
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.
127 Patrick Ln, Gray, TN 37615 is a 8 bedroom, 4 bathroom multi-family built in 1950. This property is currently available for sale and was listed by TVRMLS on Mar 6, 2026. The MLS # for this home is MLS# 9991960.