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    Updated Duplex Near Interstate 81 Title is generated by Realmo AI

    23342-40 Young Drive, Bristol, VA 24202

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    For Sale
    $399,900

    MULTI_FAMILY - Other - Bristol, VA

    Property size:
    2,436 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $164/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 23342-40 Young Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential, General
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Basement
    Parking features
    Driveway
    Patio and Porch features
    Deck
    Interior features
    Eat-in Kitchen, Remodeled
    Basement
    Crawl Space
    Appliances
    Electric Range, Refrigerator
    Standard status
    Active
    APN
    158 3 49a
    Size
    2,436 SF
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Annual Amount
    947

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1992
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Tile - Ceramic, Carpet
    Building materials
    Vinyl Siding
    Roof type
    Shingle, Composition
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Pamela Rhymer

    Listing agent Pamela Rhymer License #0225182650

    Listing office Holston Realty, Inc. 1135 Volunteer Pkwy Suite 7/8, Bristol, VA

    Listing date May 15, 2026

    MLS# 9995493 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated duplex with new HVAC, roof, bathrooms, and kitchens.
    • Each unit features 2 bedrooms, 1 full bath, and 1 half bath, totaling 1,218 square feet per unit.
    • Modernized kitchens boast new stainless Samsung and Frigidaire appliances and granite/stone countertops.
    • Convenient location near Interstate 81, Bristol Hospital, and The Pinnacle shopping center.
    • Tenant‑occupied units providing immediate rental income for investors.
    • Updated flooring including ceramic tile, carpeting, and laminate.

    Overview

    This duplex property, consisting of two units (23342 Young Drive with 23340 Young Drive conveyed), offers a total of 2,436 square feet of finished living space. Each unit features 1,218 square feet, two bedrooms, one full bath, and one half bath. The main level of each unit includes an eat-in kitchen, a spacious living room, and a laundry area. The property has undergone extensive renovations by the current owner, including new HVAC units (both internal and external), a new architectural shingled roof, updated bathrooms with new bath/shower and Kohler toilets, and modernized kitchens with new stainless Samsung and Frigidaire appliances and new granite/stone countertops. Both units feature updated ceramic tile, carpeting, and laminate. Situated in a residential area, the property is located minutes from Interstate 81, the Bristol Hospital, and The Pinnacle shopping center. It is also a short drive from South Holston Lake and Boone Lake in Tennessee. The property is suitable for investors seeking an efficient portfolio to manage, with both units currently tenant occupied. The lot size is 0.55 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Hair Salon Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Washington
    State
    Virginia
    Longitude
    -82.273128
    Latitude
    36.608556

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    FAQs

    What type of property is this?
    Duplex - Renovated duplex with updated amenities, convenient location, tenant occupied.
    Where is this duplex located?
    The property is located at 23342-40 Young Drive Bristol, VA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Fully renovated duplex with new HVAC, roof, bathrooms, and kitchens.; Each unit features 2 bedrooms, 1 full bath, and 1 half bath, totaling 1,218 square feet per unit.; Modernized kitchens boast new stainless Samsung and Frigidaire appliances and granite/stone countertops.
    (423) 418-2286
    We can help!
    Listing Contact
    Pamela Rhymer
    Real Estate License ID: 0225182650
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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