Romas Laurinaitis

514 Ranier Drive

Kingsport, TN
$ 100,000 Beds 2 Baths 2 Sq 1,400
Monthly Estimate* How much can I afford?

Exceptional investment and development opportunity in the heart of Colonial Heights! Situated on a rare 1.23-acre hilltop lot in one of Kingsport's most sought-after neighborhoods, this unique property offers multiple avenues for value creation, including renovation, redevelopment, rental income, or new construction potential. The existing home, approximately 1,400-1,500 square feet, features 2 bedrooms, 2 bathrooms, and a flexible bonus space ideal for a home office, walk-in closet, guest area, or additional storage. Major renovation work has already begun, including updated plumbing fixtures, electrical wiring and lights, and most drywall installation, allowing investors or owner-occupants to focus on the final finishes and customization. The spacious primary bedroom features vaulted ceilings, while the kitchen layout provides an excellent foundation for a modern redesign. Whether you're looking to renovate and resell, create a long-term rental, or build equity through improvements, much of the heavy lifting has already been done. Adding even more potential, the property includes a second structure that sustained fire damage, presenting additional redevelopment possibilities. Remove and rebuild, expand the existing footprint, create a guest house, workshop, or explore future development opportunities (buyer to verify zoning, subdivision, and permitted uses). Properties offering acreage, privacy, hilltop views, and redevelopment potential in Colonial Heights are increasingly difficult to find. Surrounded by established homes and strong property values, this is a rare chance for investors, builders, developers, and flippers to capitalize on a high-demand Kingsport location with significant upside potential. Don't miss this opportunity to unlock the value of one of Colonial Heights' most unique investment properties. Please do not enter the burned down structure due to safety concerns.

Active

  • Price
  • $ 100,000
  • City
  • Kingsport
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • Sullivan
  • Half Bathrooms
  • 0
  • Area
  • Col. Heights to Fordtown
  • Lot Size
  • 1.23 Acres
  • Zip
  • 37663
  • Sqr Footage
  • 1,400
  • Year Built
  • 1960
  • Taxes
  • $ 1170
  • Style
  • See Remarks
  • MLS#
  • 9996532
Listed By: CENTURY 21 Legacy Fort Henry
Data Source: Tennessee Virginia Regional MLS (NETAR)

Features

General

Sewer Septic Tank
Heating See Remarks
Cooling See Remarks
Roof See Remarks
Zoning R 1
Patio/Porch Features See Remarks
Architectural Style See Remarks
Construction Materials Vinyl Siding
Year Built 1960
Topography See Remarks
Property Subtype Single Family Residence
County Sullivan
New Construction false
Property Type Residential
HOA false
Subdivision Name Don Ritter
Other Structures Gazebo,Outbuilding
Total Rooms 7
Full Baths 2
Status Active
Directions From Fort Henry, turn on Colonial Heights Rd. Turn left on McTeer, Turn right on Ranier. House is on the left.
High School West Ridge
City Kingsport
MLS Area 407 - Col. Heights to Fordtown
Lot Size Units Acres
Lot Size Square Feet 53578.8
Elementary School Rock Springs
Home Warranty Y/N false
Middle/Junior High School Sullivan Heights Middle
Property Condition Fixer,Under Construction
MLS Area Minor 407 - Col. Heights to Fordtown
Structure Type House
Standard Status Active
Conventional true
Vinyl Siding true
Cash true

Interior Features

Interior Amenities See Remarks
Flooring See Remarks
Total Fireplaces 3
Fireplace Y/N true
Total Bedrooms 2
Total Baths 2

Exterior Features

Parking Features See Remarks
Water Source Public
Lot Size Area 1.23
Building Area Total 1400
Lot Dimensions 250 X 231.6
Lot Size Acres 1.23

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Johnson City, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Rock Springs Elementary School
Middle School Sullivan Heights Middle Middle School
High School West Ridge High School

Price History

6/8/2026 Listed $135,000
6/13/2026 26% - $100,000

Property vs Zip Code Average in 37663

Price
AVG $450K
$100K
Taxes
AVG $5,108
$1,170
Year Built
AVG 1984
1960

Areas That We Cover

514 Ranier Drive Kingsport, TN is a Single Family Home for sale at $100000 with 1400 sqft and a lot size of 1.23 Acres Acre(s). 514 Ranier Drive Kingsport has 2 bedrooms, 2 baths and was built in 1960. The property's zip code is 37663 which is in Kingsport, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Romas Laurinaitis

Romas Laurinaitis

Affiliate Broker

423-880-4506

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