127 Patrick Lane
Gray, TN, 37615 $ 625,000
Bedrooms8 Baths4.0 Sq 3,750 Monthly Estimate*
$ 3,848
for $625,000 with 8 bedrooms and 4 full baths. This 3,750 square foot home was built in 1950.
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 $625,000. 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.
See more
FeaturesInteriorInterior Amenities Remodeled
Basement Finished Walk-Out Access
Flooring Luxury Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 8
Below Grade Finished Area 1875.0
Total Baths 4
See more
GeneralSewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Roof Shingle
Appliances Dishwasher Electric Range Microwave Refrigerator
Zoning Residential
Patio/Porch Features Deck Patio
Architectural Style Other See Remarks
Construction Materials Brick
Year Built 1950
Topography Level Rolling Slope
Property Subtype Single Family Residence
County Washington
New Construction N
Property Type Residential
HOA N
Subdivision Name Not In Subdivision
Garage Y/N N
Total Rooms 24
Full Baths 4
Status Active
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.
High School Daniel Boone
City Gray
MLS Area 307 - Gray/Boones Creek
Carport Y/N N
Elementary School Gray
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Gray
Property Condition Above Average
Lease Renewal Y/N N
MLS Area Minor 307 - Gray/Boones Creek
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Quadruplex
Standard Status Active
Conventional True
Cash True
See more
ExteriorWater Source Public
Spa N
Building Area Total 3750.0
Lot Dimensions IRR
Lot Size Acres 0.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
* Excluded FeaturesList ByGarrett AddingtonListing Agent
The Addington Agency BristolBroker
Garrett@TheAddingtonAgency.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,848
- Monthly Property Taxes
- $71
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Gray, TN
Average List Price $539,152
Percent of Sale Price 14%
About Gray, TN 1,378 Population
24% Since 2002
$ 45,834 Median Income
39.89 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
857532 Elementary School
857555 Middle School
Daniel Boone High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/16/2026 | $625,000 | | Listed Price |