New Construction
Bristol, TN 37620, Bristol, TN 37620
For Sale
$489,900
Multi Family, Bristol, TN
Property Size2,160 SF
Lot Size0.23 Acres
Price / SF$226.81
Days on Market51
Property Features
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Appliances
Elementary school
Middle school
High school
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
LVP flooring
stainless steel appliances
dedicated laundry room
washer and dryer
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
CENTURY 21 Legacy Fort Henry · EXIT Realty
(423) 239-6112
Listed By:
Chris McMeans · License TN #314995
(423) 914-0450
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 10 at 10:06AM
MLS# 10001218
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.
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Investment Insights
Based on property information with market context.
This under-construction duplex will provide 2,160 square feet across two one-level ranch-style residences. Each unit measures 1,080 square feet and includes two bedrooms, two full bathrooms, a practical living layout, vinyl flooring, stainless steel appliances, and a dedicated laundry room equipped with a washer and dryer. Heat pump systems provide heating and cooling, while vinyl siding and shingle roofing support the low-maintenance design. Each residence also includes a patio.
The property occupies 0.23 acres in Bristol, with convenient access to downtown, shopping, dining, entertainment, and area amenities. Public water and public sewer serve the site, and the property is zoned R 2. The 2026 construction is currently under way.
The property occupies 0.23 acres in Bristol, with convenient access to downtown, shopping, dining, entertainment, and area amenities. Public water and public sewer serve the site, and the property is zoned R 2. The 2026 construction is currently under way.
Key Highlights
- Duplex totals 2,160 square feet, with 1,080 square feet in each unit
- Each unit includes 2 bedrooms and 2 full bathrooms
- 2026 construction with one‑level ranch‑style layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,116
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,320
$322.3K
Cap Rate 7%
$230,229
$230.2K
Cap Rate 9%
$179,067
$179.1K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$24.6K $11.40/SF
− Vacancy
−$1.6K −$0.74/SF
EGI
$23.0K $10.66/SF
− OpEx
−$6.9K −$3.20/SF
NOI
$16.1K $7.46/SF
Area
Sullivan County, TN
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,320
Cap Rate 7%
$230,229
Cap Rate 9%
$179,067
Alternative Uses
Best Use
Multifamily LT 5
$230.2K
$201.5K – $268.6K
NOI $16,116 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$215.6K
$188.6K – $251.5K
NOI $15,089 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$808.9K
$707.8K – $943.7K
NOI $56,622 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
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Business Placement
Demographics for 37620, TN
38,245
Population
18,119
Households
2.1
Avg Household Size
45
Median Age
26%
College-Educated
90%
High-School Grad
128.2 sq mi
ZIP Area
298
Density / Sq Mi
$54,908
Median Household Income
$36,017
Median Earnings
$809
Median Rent
$175,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two ranch-style residences with modern finishes, private laundry rooms, and public utilities near downtown Bristol.
Where is this duplex located?
The property is located at Bristol, TN.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Duplex totals 2,160 square feet, with 1,080 square feet in each unit; Each unit includes 2 bedrooms and 2 full bathrooms; 2026 construction with one‑level ranch‑style layouts
