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Brick Triplex Income Property

503 Georgia Avenue Bristol, TN 37620

503 Georgia Avenue, Bristol, TN, 37620
$350,000
For Sale
$350,000

MULTI_FAMILY - Other - Bristol, TN

Lot Size0.32 Acres
Days on Market47

Property Features for 503 Georgia Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R 3 / Re
Bedrooms
8
Bathrooms
5
Rooms
Bedroom 3, Bathroom 4, Basement, Dining Room, Bathroom 3, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 6
Window features
Single Pane Window(s)
Patio and Porch features
Porch, Patio
Interior features
Eat-in Kitchen, Kitchen/Dining Combo
Basement
Crawl Space
Appliances
Range, Refrigerator
Standard status
Active
APN
021b C 003.00
Lot size
0.32 Acres

Taxes and HOA fees

Tax Annual Amount
1661

Utilities

Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public

Building Details

Year built
1947
Floors in Building
2
Number of units
22
Building materials
Brick, Plaster
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency Hurd Realty, LLC
110 KLM Drive Suite 1, Johnson City, TN
Listed by Brian Parlier · License #359767
Added: May 31 Checked: Jul 16 at 10:06 pm
MLS# 9996166 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.


Investment Insights

Based on property information with market context.

This two-story brick triplex provides three independently leased residential units. Each unit includes kitchen appliances and window AC units, and the property is offered for owner-occupancy or investor use. The roof was installed in 2011 using 30-year architectural shingles. A detached three-car garage is located on the property.

The building is listed at 503 Georgia Avenue in Bristol, Tennessee, on a lot of 0.32 acres. A supra lockbox is located on the back door of Unit 1, and showings require 24 hours of lead time. The property is also described as being within the Fairmount Historic District, with multiple schools, King College, Bristol Medical Center, Hardrock Casino, downtown Bristol, and nearby shops and restaurants within minutes.

From an occupancy standpoint, Unit 1 is described as 3 bedrooms and 1.5 bathrooms, leased through September 2027. Unit 2 is described as 2 bedrooms and 1.5 bathrooms on a month-to-month arrangement. Unit 3 is described as 3 bedrooms and 1 bathroom, leased through April 2027. Buyers and agents are instructed to verify all information and confirm details when scheduling showings through Showing Time or with the listing agent.

Key Highlights

  • Two‑story brick triplex built in 1947 with multiple bedrooms and dining room space
  • Current gross annual income of $37,200: Unit 1 $1,100 (possibly to $1,300 in September) through Sep 2027; Unit 2 $800 month‑to‑month; Unit 3 $1,200 through Apr 2027
  • Unit 1 offers a 3‑bedroom, 1.5‑bath layout

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

HVAC Service Parking Lot & Garage Hair Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Skin Care Clinic Nail Salon Storage Facility Auto Parts Store Catering Service

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

FAQs

What type of property is this?
Triplex - Two-story brick triplex with three rental units, appliances included, and unit-specific utility responsibility.
Where is this triplex located?
The property is located at 503 Georgia Avenue Bristol, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑story brick triplex built in 1947 with multiple bedrooms and dining room space; Current gross annual income of $37,200: Unit 1 $1,100 (possibly to $1,300 in September) through Sep 2027; Unit 2 $800 month‑to‑month; Unit 3 $1,200 through Apr 2027; Unit 1 offers a 3‑bedroom, 1.5‑bath layout
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