Luxury Multifamily Investment
577 English Street Bristol, TN 37620
577 English Street, Bristol, TN, 37620
$1,825,000
For Sale
$1,825,000
MULTI_FAMILY - Contemporary - Bristol, TN
Property Size10,260 SF
Price / SF$177.88
Days on Market340
Property Features for 577 English Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R/B3
- Bedrooms
- 15
- Bathrooms
- 15
- Rooms
- Bedroom 9, Bathroom 4, Bathroom 8, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 10, Bedroom 11, Bathroom 7, Bathroom 11, Bathroom 9, Bedroom 13, Bedroom 15, Bathroom 12, Bathroom 13, Dining Room, Bedroom 6, Bathroom 15, Bedroom 2, Bedroom 12, Bathroom 1, Bathroom 10, Bathroom 2, Bathroom 6, Bathroom 3, Bathroom 14, Bedroom 7, Bedroom 3, Bathroom 5, Bedroom 14
- Parking features
- Open
- Window features
- Insulated Windows, Double Pane Windows
- Patio and Porch features
- Deck, Patio
- Interior features
- Granite Counters, Kitchen Island, Kitchen/Dining Combo, Open Floorplan
- Appliances
- Dishwasher, Disposal, Electric Range, Gas Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 020e D 039.00
- Size
- 10,260 SF
Taxes and HOA fees
- Tax Annual Amount
- 730
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Heat Pump (Heating), Central, Electric (Heating)
- Cooling system
- Heat Pump, Ceiling Fan(s), Zoned
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Hardwood, Vinyl, Tile
- Building materials
- HardiPlank Type, Stone
- Roof type
- Shingle
- Architectural style
- Contemporary
Listing Agency
The Addington Agency Bristol
(423) 845-5800
121 Bluff City Hwy, Bristol, TN
Listed by
Melissa Hall · License #335263
(423) 505-1793
Added: Aug 11, 2025 Checked: Jul 16 at 10:06 pm
MLS# 9984326
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 contemporary 5-unit development, constructed in 2025, presents a prime investment opportunity. Each unit features 3 bedrooms, 2.5 bathrooms, and a 1-car garage. The property is suitable for both short-term and long-term rentals, offering versatile income streams. Located in Bristol, TN, the property provides convenient access to Downtown Bristol TN/VA, the Hard Rock Casino, and the Bristol Motor Speedway. The property size is 10260 square feet. The units are currently rented. This property is located in one of the region's fastest-growing markets.
Key Highlights
- 2025 luxury 5‑unit development currently under construction, each unit planned with 3 bedrooms, 2.5 bathrooms, and a 1‑car garage
- Kitchen features include granite counters, a kitchen island, and an open kitchen/dining combo floorplan
- Appliances included: dishwasher, disposal, electric range, gas range, microwave, and refrigerator
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.9k | $13.44 |
| − Vacancy | −$7.6k | −$0.74 |
| EGI | $130.3k | $12.70 |
| − OpEx | −$58.6k | −$5.72 |
| NOI | $71.7k | $6.99 |
10,260 SF · lease $13.44/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$895.9K – $1.19M
NOI $71,671 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.84M
$3.36M – $4.48M
NOI $268,953 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - New construction, five units, fully rented in Bristol, Tennessee.
Where is this apartment building located?
The property is located at 577 English Street Bristol, TN.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 2025 luxury 5‑unit development currently under construction, each unit planned with 3 bedrooms, 2.5 bathrooms, and a 1‑car garage; Kitchen features include granite counters, a kitchen island, and an open kitchen/dining combo floorplan; Appliances included: dishwasher, disposal, electric range, gas range, microwave, and refrigerator
