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    Six-Unit Multi-Family with Updates
    Updated: Jul 9
    Six-Unit Multi-Family with Updates

    2677-& 2689 Old Richmond Road, Danville, VA 24540

    $599,900
    5,312 sqft 0.95 AC lot
    Two adjacent multifamily properties: 2677 & 2689 Old Richmond Rd, totaling 6 units
    2677 Old Richmond Rd features 2 units: 2BR/2BA and 2BR/1BA
    2689 Old Richmond Rd features 4 units: three 2BR/1.5BA and one 2BR/1BA
    Recent updates: new roof, updated windows, and new HVAC systems within the last 5 years
    Utilities: units share one water meter; landlord pays water, trash, and lawn care; tenants pay electric
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    This listing looks promising.

    Here's a quick look at some key insights for

    2677-& 2689 Old Richmond Road, Danville, VA 24540

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    • Est. Cap Rate

      5.4%
      NOI ÷ price

    • Est. NOI

      $32K
      Annual

    • Price @ 7% Cap

      $463K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1971
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Danville County, VA, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    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.

    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

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

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

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

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details

    Danville County, VA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Danville County, VA on our real estate platform. These investment opportunities span a total of 5,312 square feet of properties for sale, with an estimated market value of $599,900.

    Sale prices for two-family homes in Danville County, VA start at $599,900, averaging $599,900, and reaching up to $599,900 — 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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