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    311 12Th St Bristol, TN 37620

    View on Map
    Sponsored
    For Sale
    $599,900

    MULTI_FAMILY - Colonial - Bristol, TN

    Lot size:
    0.14 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 9 at 10:06 pm

    Property Features for 311 12Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Window Treatments, Double Pane Windows
    Zoning
    Com
    Rooms
    Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Basement
    Bedrooms
    4
    APN
    020d M 027.00
    Parking features
    RV, Driveway
    Patio and Porch features
    Deck, Porch
    Interior features
    Remodeled, Restored, Walk-In Closet(s)
    Fencing
    Privacy
    Fireplace
    1
    Basement
    Walk-Out Access, Exterior Entry
    Appliances
    Electric Range, Refrigerator
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Hardwood
    Building materials
    Stone, Vinyl Siding, Plaster
    Roof type
    Shingle, Composition
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Richard Shinault
    Richard Shinault

    KW Bristol (423) 225-2703

    Listing agent Richard Shinault (423) 366-5511 License #312615, 0225183381

    Listing date Mar 9, 2026

    MLS# 9992072

    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

    Bristol TN Multifamily Investment

    Located in Bristol, TN, this multifamily property features four units currently rented long-term for $1,295 per month each. Each renter is responsible for their own electric bills. The owner covers $100 monthly for sewer, trash, and water. The property generates a gross income of $62,160 and a net income of $58,000, resulting in a 10% Cap ROI. The property is approved for use as a Bed and Breakfast, including an existing website. It is also approved for transitional housing, with a potential income of $1,000 per room per month. The building is a historic home featuring stone also used in the Brooklyn Bridge. It has new windows, a new roof, and upgraded plumbing and electric systems. The property includes a lot with potential for constructing another multi-unit complex at the corner of Windsor and 12th St. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.1947
    Latitude
    36.591724

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    FAQs

    What type of property is this?
    Quadplex - Multifamily property in Bristol, TN with income potential.
    Where is this quadplex located?
    The property is located at 311 12Th St Bristol, TN.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - High Income Potential: Generating $62,160 gross annually, offering a 10% Cap Rate ROI.; - Versatile Usage Options: Approved for Bed and Breakfast and transitional housing.; - Live and Rent Opportunity: Reside in one unit while renting out the others.
    (423) 366-5511
    Request Owner's contact information
    311 12Th St Bristol, TN 37620
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    Bristol, TN 37620
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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
    311 12Th St Bristol, TN 37620
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    We can help!
    Listing Contact
    Richard Shinault
    Richard Shinault
    Real Estate License ID: 312615, 0225183381
    (423) 366-5511 (423) 247-5510
    Learn more
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