$3,000,000
Bristol, VA 24201
MLS# 9989211
15000 sqft
1 / 65
Property Description
Investor opportunity in the heart of Bristol, Virginia! Located at 1740 Bonham Road, this multi-family property features four buildings with a total of 20 rental units, offering strong income potential in a well-established area. The property is currently operating as a rental, making it an attractive option for investors looking to expand their portfolio or step into a stabilized multi-unit asset. Several units have been updated, providing a mix of existing improvements alongside opportunity for continued value-add through future renovations and rent optimization. Conveniently situated near shopping, dining, schools, and major roadways, this location supports consistent rental demand. With multiple buildings on one site, the layout allows for manageable operations and long-term investment potential. Whether you're a seasoned investor or looking for your next multi-family acquisition, this property offers scale, location, and upside. Buyer to verify unit count, square footage, updates, rental income, expenses, and all information deemed important.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 267-1-24
City Taxes: 1488
County Taxes: 0
Contract Info
List Price/SqFt: 200
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 3000000
Current Price: $3,000,000
Listing Date: 2025-12-12
General Property Description
Acres: 1.58
Lease: Yes
Lot Size: 1.58 acres
Zoning: R
HOA Y/N: No
Stories: 2
Total SqFt Finished: 15000
Total SqFt Unfinished: 0
Annual Lease $: 257100
Year Built: 1966
Total SqFt: 15000
Remarks & Misc
Public Remarks: Investor opportunity in the heart of Bristol, Virginia!
Located at 1740 Bonham Road, this multi-family property features four buildings with a total of 20 rental units, offering strong income potential in a well-established area.
The property is currently operating as a rental, making it an attractive option for investors looking to expand their portfolio or step into a stabilized multi-unit asset. Several units have been updated, providing a mix of existing improvements alongside opportunity for continued value-add through future renovations and rent optimization.
Conveniently situated near shopping, dining, schools, and major roadways, this location supports consistent rental demand. With multiple buildings on one site, the layout allows for manageable operations and long-term investment potential.
Whether you're a seasoned investor or looking for your next multi-family acquisition, this property offers scale, location, and upside.
Buyer to verify unit count, square footage, updates, rental income, expenses, and all information deemed important.
Directions: From I-81, take Exit 7 toward Bristol. Turn onto Bonham Road and continue for approximately 1.5 miles. The property, 1740 Bonham Road, will be on your right. Look for the multi-building apartment complex.
Property Condition
Average: 1
Business Type
Residential: 1
Exterior Finish
Brick: 1
Vinyl Siding: 1
Other Equipment
Range: 1
Refrigerator: 1
Roof
Shingle: 1
Road Access
City Street: 1
Electric Service
See Remarks: 1
Development Status
Other: 1
Heating
Heat Pump: 1
Info Available
Profit/Loss Statement: 1
Rental Roles: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
See Remarks: 1
Location Tax Legal Info
Street #: 1740
Street Name: Bonham
St Suffix: Road
County: Bristol City
State/Province: VA
Zip Code: 24201
Area: 101 - Bristol VA (City)
Subdivision: Not In Subdivision
Property Features
Property Condition: Average
Business Type: Residential
Exterior Finish: Brick; Vinyl Siding
Other Equipment: Range; Refrigerator
Roof: Shingle
Electric Service: See Remarks
Development Status: Other
Heating: Heat Pump
AC: Heat Pump
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Profit/Loss Statement; Rental Roles
Restrictions: See Remarks
Financing: Cash; Conventional
Sale Includes: See Remarks
Listing Office: KW Kingsport
Last Updated: December - 12 - 2025
Information deemed reliable but not guaranteed.