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    Covington, VA Apartment Buildings for Sale

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    Low Moor, VA Clifton Forge, VA Iron Gate, VA
    Two-Building Commercial Conversion Opportunity
    $229,999
    0.54 Acres
    Two-Building Commercial Conversion Opportunity

    803 S Lexington Ave, Covington, VA 24426

    Two commercial buildings in an M1-zoned area, offering flexible space for automotive use and potential upper-level conversion.
    • Two commercial buildings (brick construction) with potential for conversion to a mechanic’s shop, apartments, or additional office space
    • Heat pump heating and heat pump cooling
    • Roof is shingle
    • Built in 1932
    • Public water and public sewer
    Updated: Aug 23, 2024
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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lynchburg Multifamily Investment Opportunity
    $899,000
    6,792 SF
    Lynchburg Multifamily Investment Opportunity

    Income-producing 8-plex near restaurants, businesses, and local colleges.

    1664 Graves Mill Road, Lynchburg, VA 24502

    View details
    Lynchburg Multifamily Investment Opportunity
    $899,000
    6,792 SF
    Lynchburg Multifamily Investment Opportunity

    Income-producing 8-plex in high-traffic location with strong rental history.

    1664 Graves Mill Road, Lynchburg, VA 24502

    View details
    Multifamily Property with Laundry Facility
    $1,649,655
    27,442 SF
    Multifamily Property with Laundry Facility

    Multifamily property featuring 24 units and onsite laundry.

    1606 Wayne Street Northeast, Roanoke, VA 24012

    View details
    Multifamily Redevelopment Opportunity in Roanoke
    $2,250,000
    43,465 SF
    Multifamily Redevelopment Opportunity in Roanoke

    105-unit multifamily redevelopment opportunity in Roanoke County, Virginia.

    6520 Thirlane Rd NW, Roanoke, VA 24019

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    View details
    Central Business Zoned Development Land
    $250,000
    0.23 Acres
    Central Business Zoned Development Land

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    107 HOWARD Street, La Plata, MD 20646

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    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

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    Off-Market Properties in Covington, VA

    Consider similar Off-Market properties in Covington, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    325 Walnut St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,952 SF
    Value Estimation by Request

    325 Walnut St, Covington, VA 24426

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    316 Marion Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,420 SF
    Value Estimation by Request

    316 Marion Ave, Covington, VA 24426-1764

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    717 Edgemont Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,640 SF
    Value Estimation by Request

    717 Edgemont Dr, Covington, VA 24426-2768

    View details
    2119 Carpenter Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,320 SF Lot: 0.67 Acres
    Value Estimation by Request

    2119 Carpenter Dr, Covington, VA 24426-2426

    View details
    2405 Carpenter Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,416 SF
    Value Estimation by Request

    2405 Carpenter Dr, Covington, VA 24426-2620

    View details

    Covington, VA Apartment Buildings Investment Opportunities Market Analysis

    Explore 6 apartment buildings for sale in Covington, VA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $229,999.

    Sale prices for two-family homes in Covington, VA start at $229,999, averaging $229,999, and reaching up to $229,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 14K
    Population Growth (5Y) +0.2%
    Median Household Income $51,841
    College Educated 18.2%

    High-Yield Neighborhoods for Investment

    Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24426 $230K

    Taxes & Financing

    Tax Rate (average for all types) 0.85%
    Property Tax per SF $5.55 per SF
    Average Loan-to-Value 65.0%

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