$115,000
SOLD FEB 28, 2025

623 5th St Bristol, TN 37620

-- Bed
-- Bath
1,450 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$79 Per Sq Ft

12% Below List Price

141 Days on Market

Highlights

  • Living Room with Fireplace
  • No HOA
  • Entrance Foyer
  • Traditional Architecture
  • Porch
  • 4-minute walk to Anderson Park

About This Home

As of February 2025

This unique single-level duplex features 2 units, each with 1 bedroom and 1 bathroom. offering various living and rental possibilities:
Ideal for Investors: A great addition to your rental portfolio with steady income potential.
Perfect for Families: Live close to loved ones while enjoying the privacy of separate living spaces.
Short-Term Rental Potential: Maximize income by renting one or both units on a short-term basis.
Live and Rent: Occupy one side of the property while generating income by renting out the other.
Take advantage of this versatile property and customize its use to fit your needs!
Conveniently located just 3 miles from the Hard Rock Hotel and Casino and a short walk from Downtown Bristol, it offers easy access to local attractions. Approximately 15 minutes from Bristol Motor Speedway, this property presents an excellent opportunity for both commercial and residential uses.
Don't miss out on this prime investment opportunity! Schedule your showing today at 623 5th Street, Bristol, TN

Last Agent to Sell the Property

Doris Kaifa

Epique Realty License #364934 Listed on: 11/28/2024

Epique Realty

Co-Listed By

Jenn Ireson

KW Johnson City License #338709

Last Buyer's Agent

Stanford Dailey

Highlands Realty, Inc. Abingdon License #347935,0225260342

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,712 Sq Ft Lot
  • Property is in average condition

Home Design

  • Duplex
  • Traditional Architecture
  • Cabin
  • Fixer Upper
  • Shingle Roof
  • Metal Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • Brick Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Carpet

Schools

  • Fairmount Elementary School
  • Vance Middle School
  • Tennessee High School

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 021h D 007.00

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Directions: Directions: From I-81 take exit 3 for I-381 S toward Bristol. Continue on Commonwealth Ave and then Volunteer Pkwy. Turn left on Anderson, right on MLK Jr Blvd, left onto Ash, and right onto 5th St. Property will be on the left.
  • Prop. Type: Multi Family
  • Building Stories: 1
  • Year Built: 1923
  • Property Sub Type: Duplex
  • Co List Office Phone: 423-433-6500
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Cabin, Duplex, Traditional
  • New Construction: No
  • Reso Structure Type: Duplex, House, Multi Family
  • Location Tax Legal Info Parcel ID: 021h D 007.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.2
  • General Property Description Zoning2: commercial
  • General Property Description Elementary School3: Fairmount
  • General Property Description Middle School2: Vance
  • General Property Description High School3: Tennessee
  • General Property Description HOA YN: No
  • Water Public: Yes
  • General Property Description Lot Dimensions: 46ftx190
  • AC Central Air: Yes
  • Appliances Refrigerators: Yes
  • General Property Description # Fireplaces: 2
  • Roof Shingle: Yes
  • General Property Description Stories2: 1
  • Flooring Carpet: Yes
  • Property Condition Fixer: Yes
  • Property Condition Average: Yes
  • Foundation Concrete Perimeter: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 2
  • General Property Description Home Warranty2: No
  • General Property Description Senior Community YN3: No
  • Style Traditional3: Yes
  • Style Duplex2: Yes
  • Structure Type:House: Yes
  • Structure Type Duplex3: Yes
  • Structure Type Multi Family: Yes
  • Style Cabin3: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Refrigerator
  • Has Basement: Other
  • Flooring: Carpet
  • Interior Amenities: Entrance Foyer
  • Fireplace Features: Brick, Living Room
  • Fireplaces: 2
  • Fireplace:Living Room: Yes
  • Fireplace:Brick3: Yes
  • Interior Features:Entrance Foyer: Yes

Exterior Features

  • Property Condition: Average, Fixer
  • Roof: Shingle
  • Acres: 0.2
  • Topography: Other
  • Home Warranty: No
  • Construction Type: Concrete, Metal Siding
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • PorchPatioDeck Porch: Yes
  • Exterior Finish Metal Siding: Yes

Utilities

  • Heating: Central, Fireplace(s)
  • Utilities: Other
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Fireplace(s): Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Fairmount
  • High School: Tennessee
  • Middle Or Junior School: Vance

Lot Info

  • Zoning: commercial
  • Lot Dimensions: 46ftx190
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 021h D 007.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2024
Closed on
Feb 27, 2025
Sold by
Scott Della B
Bought by
Jacobs Will Miller and Watson Blair Abell
Seller's Agent
Doris Kaifa
Epique Realty
Buyer's Agent
Stanford Dailey
Highlands Realty, Inc. Abingdon
List Price
$130,000
Sold Price
$115,000
Premium/Discount to List
-$15,000
-11.54%
Views
23
Current Estimated Value
$124,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,885
Avg. Annual Appreciation
10.06%
Original Mortgage
$153,653
Outstanding Balance
$152,502
Interest Rate
7.04%
Mortgage Type
Construction
Estimated Equity
-$27,617
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $115,000 Evergreen Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $153,653 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2025 02/28/25 Sold $115,000 -7.6% $79 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
12/04/2024 12/04/24 Price Changed $124,500 -4.2% $86 / Sq Ft
11/28/2024 11/28/24 For Sale $130,000 0.0% $90 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
10/15/2024 10/15/24 Price Changed $130,000 -7.1% $90 / Sq Ft
10/10/2024 10/10/24 For Sale $140,000 0.0% $97 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/14/2024 09/14/24 Price Changed $140,000 -9.7% $97 / Sq Ft
09/13/2024 09/13/24 For Sale $155,000 0.0% $107 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
07/25/2024 07/25/24 Price Changed $155,000 -11.4% $107 / Sq Ft
07/21/2024 07/21/24 For Sale $175,000 -- $121 / Sq Ft
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $36,920 $0 $0
2024 -- $23,680 $2,760 $20,920
2023 $1,040 $23,680 $2,760 $20,920
2022 $1,040 $23,680 $2,760 $20,920
2021 $1,040 $23,680 $2,760 $20,920
2020 $1,009 $23,680 $2,760 $20,920
2019 $1,009 $21,320 $2,760 $18,560
2018 $1,005 $21,320 $2,760 $18,560
2017 $1,005 $21,320 $2,760 $18,560
2016 $1,149 $23,800 $2,760 $21,040
2014 $1,084 $23,791 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9968890

Tennessee/Virginia Regional MLS

APN: 021H-D-007.00