515 Millers Chapel Rd
About This Property
Tucked away in a private, peaceful setting, this property provides a quiet escape while still being conveniently located just 5 minutes from Exit 36 off I-81, with easy access to Kingsport, Johnson City, Greeneville, and Morristown.
With 189 feet of road frontage, this property presents a unique opportunity for expansion or additional development, making it an excellent investor special for those looking to maximize value.
Outside, you'll find a 12x20 utility building featuring new wood siding--perfect for storage, a workshop, or additional functional space.
Whether you're looking for a primary residence, rental investment, or future development opportunity, this property offers flexibility, privacy, and strong upside potential.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Price Decreased |
$90,000
↓ $9K
(9.1%) | |
| Price Decreased | |||
| Apr 22, 2026 | Listed by The A Team at Realty Executives | $99,000 | |
| Listed by The A Team at Realty Executives | |||
| Sep 23, 2023 | No longer available | - | |
| No longer available | |||
| Aug 26, 2023 | In contract | - | |
| In contract | |||
| Aug 1, 2023 | Relisted | $125,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017