Active

108 Melody Lane (d-1,d-2,d-3) Ln

Bristol, TN 37620
Mark as Favorite
Bed --

Bed

Bath 0

Bath

Acres0.30

Acre(Lot)

**Investment Opportunity - Three Townhomes Sold as One Portfolio** Excellent opportunity to acquire an income-producing investment portfolio consisting of three townhomes being sold together on one parcel in the Holston Villas community. D-1, D-2, and D-3. This portfolio offers stable cash flow with a proven history of reliable, long-term tenants and consistent on-time rental payments. Each townhome features approximately 1,466± square feet--significantly larger than many comparable units in Holston Villas--offering 2 bedrooms, 2 full bathrooms, including a primary en-suite, an open-concept living and dining area, functional kitchen, front and rear patios, a dedicated laundry/storage room, and generous interior storage. Each unit has one spot plus plentiful overflow parking. Each unit has its own laundry room located off the bedroom. Recent owner-funded capital improvements include a new roof (2024) and complete renovation of Unit D-1. A detailed maintenance history is available upon request. The property is individually deeded and owned by Delta Management Properties, LLC and is located within the Holston Villas Homeowners Association. The parcel includes the corner of King College Road and Melody Lane, the upper parking area, and extends along the north side of the sidewalk. A boundary survey is available. Current ownership maintains an independent insurance policy rather than participating in the HOA master policy. HOA is $180 per month for the all three units. It includes snow removal, shared dumpster, and grass cutting. Property tax information, insurance costs, survey, maintenance records, and additional financial documentation are available to qualified buyers upon request. With oversized floor plans, recent capital improvements, established tenancy, and a strong rental history, this is an outstanding opportunity to acquire a stabilized, turnkey investment in the Bristol market. Located across the street from the new fire station and elementary school. A short drive or bike ride to King University. This investment has a very low history of vacancy.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $395,000

AD Id : 88126869

MLS Id : 9998279

Lot Size : 0.30 Acre

Year Built : 1986

County : Sullivan

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Flooring Information

    Carpet, Hardwood
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Entrance Foyer, Laminate Counters, Open Floorplan Roof: Asphalt, Shingle Appliances: Dishwasher, Electric Range, Microwave, Refrigerator Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air, Heat Pump Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1986 Building Area Total: 4299 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No Association Fee Frequency: Monthly

  • Lot Information

    Lot Dimensions: 136X144 IRR Main Square Feet: 0.3 Acres Lot Size Acres: 0.3 Lot Size Square Feet: 13068

    Property Information

    Subdivision: Holston Villa Town Source Property Type: Residential Income MLS Area Minor: 103 - Bristol TN (City) Property SubType: Multi Family Levels: Two Property Age: 40

  • Listing Price Information

    Listing Price: $395000 Cash, Conventional

  • Tax Information

    Parcel Number: 021e E 001.00

  • Parking Information

    Deeded, Asphalt, Parking Pad
    Homeowners Association Information
    Has Association: Yes HOA: $180.00 Community Features: None

  • School Information

    Elementary School: Holston View
    Junior High School: Tennessee Middle
    Senior High School: Tennessee
  • Utility Information

    Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: From King University. Continue of King College Rd and turn left on Melody lane. Take first right into parking area. Park in D-1 or side lot. WaterSource: Public
Sell a home like this and save $23,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
383 Tva Road, Bristol, TN, 37620 $4,950,000 -- -- --
1326 Valley Drive, Bristol, TN, 37620 $350,000 -- -- --
503 Georgia Avenue, Bristol, TN, 37620 $350,000 -- -- --
713 Ash Street, Bristol, TN, 37620 $215,000 -- -- --
577 English Street, Bristol, TN, 37620 $1,825,000 -- -- --

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 07/18/2026 @ 02:05

MLS: 9998279 LISTED BY: Amy Booher, The Addington Agency Bristol 423-845-5800 SOURCE: TennesseeVirginia Regional MLS

Homes around $395,000

Selling? Save $23,201 when you sell a home like this

Tour with a ByOwner Agent