1740 Bonham Road
Bristol, VA, 24201 $ 2,650,000
Baths0.0 Monthly Estimate*
$ 16,317
Studio for $2,650,000. This home was built in 1966 on a lot size of 1.58.
Exceptional opportunity to acquire a 20-unit multifamily portfolio consisting of four separate apartment buildings, each with its own 911 address. Each building contains five apartment units, offering a diverse mix of spacious two-bedroom floor plans. 1678 Bonham Road 5 units 2 bedrooms 1.5 baths each 1698 Bonham Road - 5 units: 2 bedrooms 1.5 baths each 1716 Bonham Road: 5 units: 2 bedrooms 1.5 baths each 1740 Bonham Road: 5 units 2 bedrooms / 1 bath each 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. Prime Bristol Location - Approximate Drive Times (Pending Traffic Conditions) Approximately 10± minutes to the Hard Rock Hotel & Casino Bristol Approximately 10± minutes to The Pinnacle, offering premier shopping, dining, and entertainment Approximately 20± minutes to Bristol Motor Speedway Approximately 2-4± minutes to a variety of restaurants, retail stores, and everyday conveniences located near Exit 7 Approximately 2± minutes to Food City Approximately 12± minutes to Bristol Regional Medical Center Location Advantages: Ideally positioned with convenient access to major employers, healthcare facilities, shopping, dining, entertainment, and Interstate 81. This central Bristol location offers residents easy access to many of the area's most desirable destinations while maintaining a neighborhood setting. ** All drive times are approximate and may vary based on traffic conditions, route selection, and time of day. Buyer to verify unit count, square footage, updates, rental income, expenses, and all information deemed important.
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FeaturesGeneralSewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Roof Shingle
Appliances Range Refrigerator
Zoning R
Architectural Style Townhouse
Construction Materials Brick Vinyl Siding
Year Built 1966
Topography Level
Property Subtype Multi Family
County Bristol City
New Construction false
Property Type Multi Family
HOA false
Attached Garage false
Subdivision Name Not In Subdivision
Status Active
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.
High School Virginia
City Bristol
Lot Size Units Acres
Lot Size Square Feet 68824.8
Elementary School Van Pelt
Middle/Junior High School Virginia
Property Condition Average
Structure Type Multi Family
Standard Status Active
Conventional true
Vinyl Siding true
Cash true
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InteriorFlooring Vinyl Carpet
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Window Features Insulated Windows
Fireplace Y/N false
Total Baths 0
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ExteriorParking Features Asphalt Gravel
Water Source Public
Lot Size Area 1.58
Number of Buildings 4
Building Area Total 0
Lot Dimensions 1.58
Lot Size Acres 1.58
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* Excluded FeaturesList ByEmily ThomasListing Agent
emily_realestate@yahoo.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $16,317
- Monthly Property Taxes
- $124
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Bristol, VA
Average List Price $1,425,000
Percent of Sale Price 46%
About Bristol, VA 17,973 Population
3% Since 2002
$ 32,366 Median Income
42.46 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
1875343 Elementary School
1875497 Middle School
Virginia High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/5/2026 | $2,650,000 | -11.67% | Price Down |
| 2/11/2026 | $3,000,000 | | Listed Price |