Four-Plex Rental
620 Cherry Street Bristol, TN 37620
620 Cherry Street, Bristol, TN, 37620
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For Sale
Contact for pricing
Four one-bedroom, one-bath units offer hardwood flooring, vinyl in kitchens and bathrooms, and on-site laundry.
Property Size1,502 SF
Price / SF$252
Days on Market106
Property Features for 620 Cherry Street
General Information
- Standard status
- Active
- Size
- 1,502 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1910
Listing agency
CENTURY 21 Legacy Kingsport
(423) 213-3924
Listed by
Tammy Childress · License #TN
Source
Crexi
Added: Apr 9 Updated: Jul 22 at 6:12AM Checked: Jul 22 at 6:12AM
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 CENTURY 21 Legacy Kingsport
Investment Insights
Based on property information with market context.
This four-plex rental property contains four one-bedroom, one-bath units. Each unit features hardwood flooring throughout the living areas, with vinyl finishes in the bathrooms and kitchens. A laundry room with a washer and dryer is located just to the left of the foyer when entering from the front door. Parking is available behind the four-plex. The property is being sold as-is where-is, and buyers and their agents are responsible for verifying all material information, including condition, dimensions, system functionality, and suitability.
The building runs through a historic residential area just north of downtown Bristol, TN and Bristol, VA.
Unit 1 is located just inside the front door, Unit 2 is accessed out the front door to the right when facing the street, and Units 3 and 4 are located at the top of the stairs to the left and directly at the top of the stairs, respectively.
The building runs through a historic residential area just north of downtown Bristol, TN and Bristol, VA.
Unit 1 is located just inside the front door, Unit 2 is accessed out the front door to the right when facing the street, and Units 3 and 4 are located at the top of the stairs to the left and directly at the top of the stairs, respectively.
Key Highlights
- Four one‑bedroom, one‑bath units in a four‑plex rental property
- Year built: 1910
- Hardwood flooring throughout all units; vinyl in kitchens and bathrooms
Local Financial Insights For Multifamily LT 5
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 | $17.1k | $11.40 |
| − Vacancy | −$1.1k | −$0.74 |
| EGI | $16.0k | $10.66 |
| − OpEx | −$4.8k | −$3.20 |
| NOI | $11.2k | $7.46 |
1,502 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$160.1K
$140.1K – $186.8K
NOI $11,207 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$149.9K
$131.2K – $174.9K
NOI $10,492 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K
NOI $39,373 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lowe Karen
Foster Care Service
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FAQs
What type of property is this?
Quadplex - Four one-bedroom, one-bath units offer hardwood flooring, vinyl in kitchens and bathrooms, and on-site laundry.
Where is this quadplex located?
The property is located at 620 Cherry Street Bristol, TN.
What is the asking price?
The asking price for this property is $379,999.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath units in a four‑plex rental property; Year built: 1910; Hardwood flooring throughout all units; vinyl in kitchens and bathrooms
