New Construction Luxury 5-Unit
577 English Street Unit 2 Bristol, TN 37620
577 English Street Unit 2, Bristol, TN, 37620
$1,825,000
For Sale
$1,825,000
New 5-unit property in Bristol, TN with strong rental potential.
Property Size10,260 SF
Price / SF$177.88
Days on Market389
Property Features for 577 English Street Unit 2
General Information
- Standard status
- Active
- Size
- 10,260 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 2025
Listing Agency
The Addington Agency Bristol
(423) 505-1793
Listed by
Melissa Hall · License #335263
(423) 505-1793
Source
Compass
Added: Jun 25, 2025 Checked: Jul 17 at 3:27 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Addington Agency Bristol
Investment Insights
Based on property information with market context.
This new construction property features five units designed for modern living and income potential. Each unit includes 3 bedrooms, 2.5 bathrooms, and a 1-car garage. The property is suitable for both short-term and long-term rentals, offering diversified income streams. Located in Bristol, TN, the property provides access to Downtown Bristol TN/VA, the Hard Rock Casino, and the Bristol Motor Speedway. The building offers a location, new construction, and rental potential in a growing market. The property size is 10,260 square feet.
Key Highlights
- Brand‑new 5‑unit luxury development, offering immediate income potential.
- Each unit features 3 bedrooms, 2.5 bathrooms, and a 1‑car garage.
- Prime location in the heart of Bristol, TN, near Downtown Bristol TN/VA, Hard Rock Casino, and Bristol Motor Speedway.
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 ...
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FAQs
What type of property is this?
Apartment building - New 5-unit property in Bristol, TN with strong rental potential.
Where is this apartment building located?
The property is located at 577 English Street Unit 2 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: Brand‑new 5‑unit luxury development, offering immediate income potential.; Each unit features 3 bedrooms, 2.5 bathrooms, and a 1‑car garage.; Prime location in the heart of Bristol, TN, near Downtown Bristol TN/VA, Hard Rock Casino, and Bristol Motor Speedway.
