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    2412 Bradley St Bristol, VA 24201

    Sponsored
    For Sale
    $499,000

    MULTI_FAMILY - Other - Bristol, VA

    Property size:
    2,817 SF
    Lot size:
    0.56 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 22 at 2:06 pm

    Property Features for 2412 Bradley St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Insulated Windows
    Zoning
    R
    Rooms
    Basement, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 3
    Bedrooms
    5
    APN
    23-8-20 21; 23-8-19d
    Parking features
    Driveway
    Patio and Porch features
    Porch, Deck
    Interior features
    Laminate Counters
    Basement
    Unfinished, Concrete, Block
    Appliances
    Dishwasher
    Size
    2,817 SF
    Lot size
    0.56 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Central
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Vinyl, Tile, Carpet
    Building materials
    Vinyl Siding
    Roof type
    Shingle, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Denise Myers

    Hurd Realty (423) 491-8335 [email protected]

    Listing agent Denise Myers (423) 491-8335 License #358632

    Listing date Jan 18, 2026

    MLS# 9977301 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.

    Learn more

    Property Insight Report

    Overview

    Multi-Unit Investment Near Hard Rock

    Located at 2412, 2414, & 2416 Bradley St., Bristol, VA, this income-producing property features three distinct residences with expansion potential. The property is located within walking distance of the Hard Rock Casino & Hotel. Bradley #1 is a leased, remodeled 3-bedroom, 1-bath home featuring a living room, dining room, galley kitchen, sunroom, and deck. Bradley #2 is a remodeled 1-bedroom, 1-bath home with a living room, dining room, and an additional flex room. Bradley #3 is a leased brand-new buildout studio apartment featuring 1 bedroom, 1 bath, a living room, a kitchen, and an expansive deck. There is additional partially updated/finished space with room to build another studio apartment or use for storage. The property is located directly across from the main entrance to Hard Rock Casino & Hotel Bristol. It is also close to top Bristol destinations, including Bristol Motor Speedway, the Birthplace of Country Music Museum, and the Rhythm & Roots Reunion Music Festival. World-class trout fishing, hiking, biking trails, and lakes are also nearby. The property is situated on a lot of 0.56 acres. The property's size is 2817 square feet. The property consists of three parcels, and the buyer may choose to re-survey the lots and add additional builds. The property has potential for long-term rentals, short-term Airbnb, or a mix of both.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Washington
    State
    Virginia
    Longitude
    -82.209866
    Latitude
    36.59969

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    FAQs

    What type of property is this?
    Apartment building - Income-producing property near Hard Rock Casino with expansion potential.
    Where is this apartment building located?
    The property is located at 2412 Bradley St Bristol, VA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Prime location directly across from the Hard Rock Casino & Hotel Bristol, ensuring high visibility.; - Versatile income-producing property with three distinct residences and additional expansion potential.; - Flexible income potential through long-term rentals, short-term Airbnb, or a combination of both.
    (423) 383-2004
    Request Owner's contact information
    2412 Bradley St Bristol, VA 24201
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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.

    More about this property
    2412 Bradley St Bristol, VA 24201
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    We can help!
    Listing Contact
    Denise Myers
    Real Estate License ID: 358632
    (423) 383-2004
    Learn more
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