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Rented Quadplex with Acreage
For Sale
$439,000

15424 Majestic Drive, Bristol, VA 24202

Residential Income, Bristol, VA

Property Size4,200 SF
Lot Size3.58 Acres
Price / SF$104.52
Days on Market83

Property Features for 15424 Majestic Drive

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning R1
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Window features Insulated Windows
Interior features Paneling
Basement Full
Appliances Range, Refrigerator, Washer, Dryer
Elementary school High Point
Middle school Wallace
High school John S Battle
Directions I-81 Exit 10, Right onto route 11, Left onto RTE 310, Left onto Majestic Drive. The apartments are on the right see sign.
Subdivision Washington County
Standard status Active
Size 4,200 SF
Lot size 3.58 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1827

Utilities

Sewer type Septic Tank
Heating system Ductless (Heating), Zoned, Heat Pump (Heating)
Cooling system Central Air, Ductless, Zoned
Water source Public

Building Details

Year built 1968
Number of units 4
Flooring type Vinyl
Building materials Masonite
Roof type Shingle
Listing Agency: Southfork Realty LLC
Listed By: Brandon Brown · License #0225236240
Added: Jun 19 Changed: Sep 3 Last Checked: Sep 9 at 11:06PM
MLS# 109812

Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit residential property contains 4,200 square feet on approximately 3.58 acres and was built in 1968. All units are currently rented. The property includes ranges and refrigerators, while company-owned appliances include the major equipment and most washers and dryers. Unit 2 has a dedicated washer and dryer. The two lower-level units have been updated and include dehumidifiers, while the upper units are equipped with 24-foot fire escape ladders.

Located just off Exit 10 in Bristol, the property uses public water and a septic tank. Additional features include vinyl flooring, Masonite siding, a shingle roof, paneling, and zoned heating and cooling with heat pumps, ductless systems, and central air. R1 zoning and the substantial site area provide the existing quadplex configuration with room for expansion as supported by the property information.

Key Highlights

  • All four units are currently rented
  • 3.58 +/- acres with 4,200 square feet of property size
  • R1 zoning with room to expand

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Restaurant Real Estate Agency Auto Parts Store Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

94
Businesses Nearby

Demographics for 24202, VA

12,716
Population
6,270
Households
2
Avg Household Size
47
Median Age
20%
College-Educated
92%
High-School Grad
128.8 sq mi
ZIP Area
99
Density / Sq Mi
$58,333
Median Household Income
$36,435
Median Earnings
$850
Median Rent
$195,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential property with updated lower-level units and company-owned major appliances.
Where is this quadplex located?
The property is located at 15424 Majestic Drive Bristol, VA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: All four units are currently rented; 3.58 +/- acres with 4,200 square feet of property size; R1 zoning with room to expand
More about this property
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