Four-Plex Rental Property For
620 Cherry Street Bristol, TN 37620
620 Cherry Street, Bristol, TN, 37620
$379,999
For Sale
$379,999
COMMERCIAL - Bristol, TN
Property Size1,502 SF
Lot Size0.22 Acres
Price / SF$252
Days on Market106
Property Features for 620 Cherry Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B 1A
- Standard status
- Active
- APN
- 020e D 00900 000
- Size
- 1,502 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 600
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Building materials
- Metal Siding
- Roof type
- Shingle, Composition
Listing Agency
CENTURY 21 Legacy Fort Henry
(423) 239-6112
1757 Fort Henry Dr, Kingsport, TN
Listed by
Tammy Childress · License #364452
(423) 213-3924
Added: Apr 2 Checked: Jul 16 at 10:06 pm
MLS# 9993284
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 four-plex rental property is located just north of downtown Bristol, TN and Bristol, VA, within a historic residential area. The property contains four units, each featuring one bedroom and one bathroom with ample bedroom space. The units have hardwood flooring throughout, with vinyl in the bathrooms and kitchens. A laundry room with a washer and dryer is located to the left of the foyer as you walk in the front door. Parking is available behind the four-plex. The property is being sold as is, where is. The lot size is 0.22 acres, and the property size is 1502 square feet. The zoning is B 1A. All renters have expressed the desire to continue to lease their units from the new owners. Unit 1 is just inside the front door, Unit 2 is out the front door to the right, Unit 3 is at the top of the stairs to the left and Unit 4 is directly at the top of the stairs.
Key Highlights
- Four‑plex rental property in a historic residential area
- All units are one bed/one bath with ample bedroom space
- Existing tenants desire to continue leasing
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
Property Profile
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-unit rental property near downtown Bristol, TN/VA.
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‑plex rental property in a historic residential area; All units are one bed/one bath with ample bedroom space; Existing tenants desire to continue leasing
