Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Four-Plex Rental Property For Sale Title is generated by Realmo AI

    620 Cherry Street, Bristol, TN 37620

    View on Map
    Claim this Listing
    For Sale
    $379,999

    COMMERCIAL - Bristol, TN

    Property size:
    1,502 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $252/SF
    Added:
    Apr 2, 2026
    Days on Market:
    43
    Last Refresh:
    May 14 at 5:06 pm

    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

    We can help!

    Listing Contact
    Tammy Childress
    Tammy Childress

    Listing agent Tammy Childress License #364452

    Listing office CENTURY 21 Legacy Fort Henry 1757 Fort Henry Dr, Kingsport, TN

    Listing date Apr 2, 2026

    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.

    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
    • Hardwood flooring throughout all units
    • On‑site laundry room with washer and dryer
    • Parking available behind the building

    Overview

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lowe Karen Foster Care Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.184591
    Latitude
    36.589564

    Nearby Similar for Sale

    • $479,900
      2,694 SF

      Turn-Key Office in Bristol Heart

      Remodeled office building with charm, character, and high visibility.
      512 Alabama Street, Bristol, TN 37620
      View Details
    • $749,900
      25,758 SF

      Historic Bristol Commercial Redevelopment Opportunity

      Unique 25,758 SF property in revitalized downtown Bristol.
      509 Shelby Street, Bristol, TN 37620
      View Details
    • $424,900
      4,242 SF

      Historic Bristol Commercial Building For Sale

      Landmark 4,242 SF building in Bristol's Downtown Business District.
      16 5th Street, Bristol, TN 37620
      View Details
    • $209,900
      864 SF

      Commercial Building in Central Bristol

      Commercial building with high visibility and strong accessibility.
      1704 Shelby Street, Bristol, TN 37620
      View Details
    • $525,000
      6,300 SF

      Bristol Church Property on 5+ Acres

      Church property with sanctuary, fellowship hall, offices, and parking.
      607 Greenfield Place, Bristol, TN 37620
      View Details
    • $315,000
      2,190 SF

      Bristol, TN Triplex Investment

      Well-maintained triplex in Bristol, TN, near downtown and attractions.
      1703 Windsor Avenue, Bristol, TN 37620
      View Details
    • $350,000
      1,938 SF

      Updated Ranch with Income Potential

      Unique property near downtown Bristol with rental and Airbnb potential.
      1326 Valley Drive, Bristol, TN 37620
      View Details
    • $315,000
      2,190 SF

      Bristol TN Triplex Investment Opportunity

      Well-maintained triplex in Bristol, Tennessee, with strong rental potential.
      1703 Windsor Avenue, Bristol, TN 37620
      View Details
    • $180,000
      2,400 SF

      Downtown Bristol Commercial Space Available

      Commercial space in Bristol's active downtown area, ready for business.
      227 Bluff City Highway, Bristol, TN 37620
      View Details
    • $1,249,900
      2,100 SF

      Versatile Mixed-Use Property For Sale

      Four parcels zoned B-3, ideal for retail, office, or mixed-use.
      109 Meadow St, Bristol, TN 37620
      View Details
    • $279,999
      1,215 SF

      Bristol Office Building Near Downtown

      Brick office building near downtown Bristol in historic residential area.
      Bristol, TN 37620
      View Details
    • $425,000

      Bristol TN Multifamily Investment Property

      Four-unit residential building near Hard Rock Casino and other attractions.
      1401 Windsor Avenue, Bristol, TN 37620
      View Details

    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
    (423) 213-3924
    We can help!
    Listing Contact
    Tammy Childress
    Tammy Childress
    Real Estate License ID: 364452
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    620 Cherry Street, Bristol, TN 37620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!