A system includes a first instrumented bridge plug positionable in a downhole wellbore environment. The first instrumented bridge plug includes an acoustic source for transmitting an acoustic signal. The system also includes a second instrumented bridge plug positionable in the downhole wellbore environment. The second instrumented bridge plug includes an acoustic sensor for receiving a reflected acoustic signal originating from the acoustic signal. The reflected acoustic signal being usable to interpret wellbore formation characteristics of the downhole wellbore environment.