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    948 Anderson St Bristol, TN 37620

    For Sale
    $324,900

    MULTI_FAMILY - Other - Bristol, TN

    Lot size:
    0.23 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 948 Anderson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Single Pane Window(s)
    Zoning
    RE
    Rooms
    Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
    Bedrooms
    5
    APN
    020d J 024.00
    Patio and Porch features
    Porch
    Interior features
    Balcony
    Appliances
    Electric Range, Refrigerator
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Space Heater
    Cooling system
    Ceiling Fan(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Plank, Tile, Hardwood
    Building materials
    Aluminum Siding, Block, Brick
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    A Team Real Estate Professionals, Inc. (423) 360-3446 [email protected]

    Listing agent Dave Smith (423) 833-1444 License #334591

    Listing date Nov 21, 2025

    MLS# 9966478 Listing URL

    Copyright © 2025 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.

    Overview

    Bristol Multi-Family Investment Opportunity

    This triplex is located in Bristol, Tennessee, near Downtown Bristol, The Pinnacle Bristol, the local Hospital, Bristol Motor Speedway, King University, and Steele Creek Park. The property contains three units. Unit 1 features two bedrooms, one bathroom, a kitchen, and a dining area. Unit 2 includes one bedroom, one bathroom, a kitchen, and a living space. Unit 3 offers two bedrooms, one bathroom, a kitchen, and a living space. Each unit is separately metered for natural gas. Common area laundry facilities are available. The property has a new roof and eaves, along with a new hot water heater. The flooring is a mixture of hardwood and other materials. All units are currently leased, providing immediate rental income. The property is situated on a 0.23-acre lot. The property is zoned RE. It is suitable as a primary residence where the owner can live in one unit and rent the others, or as an investment property for long-term rentals, Airbnb, or VRBO. The property offers possibilities to fit various lifestyles and financial goals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.191045
    Latitude
    36.592028

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    FAQs

    What type of property is this?
    Triplex - Charming triplex near downtown Bristol, fully leased and ready!
    Where is this triplex located?
    The property is located at 948 Anderson St Bristol, TN.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: - Fully Leased: Immediate rental income from all 3 units.; - Prime Location: Close proximity to Downtown Bristol, The Pinnacle, hospital, Bristol Motor Speedway, King University, and Steele Creek Park.; - New Roof & Eaves: Recently installed for worry-free living.
    (423) 833-1444
    Request Owner's contact information
    948 Anderson St Bristol, TN 37620
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    Bristol, TN 37620
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    Realmo Value Estimation

    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.

    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.

    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
    948 Anderson St Bristol, TN 37620
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