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    Danville, VA
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    Providence, NC Ringgold, VA Pelham, NC Blanch, NC Blairs, VA Milton, NC Yanceyville, NC Alton, VA
    Six-Unit Apartment Property
    Updated: Jul 9
    Six-Unit Apartment Property

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

    $589,900
    5,312 sqft 0.95 AC lot
    Six total apartment units across two adjacent buildings
    All units are configured as 2BR/1.5BA apartments
    5,312 square feet on a 0.95‑acre site
    New roof, updated windows, and new HVAC systems within the last 5 years
    One shared water meter; landlord pays water, trash, and lawn care
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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

      5.5%
      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, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    8-Unit Renovated Apartment Building
    8-Unit Renovated Apartment Building

    1300 Spruce Street, Martinsville, VA 24112

    $649,000
    5,040 sqft 0.80 AC lot

    Recently renovated multifamily property with separate water and electric metering and on-site parking.

    View details
    Two-Story Mixed-Use Apartment Building
    Two-Story Mixed-Use Apartment Building

    201 S Main Street, Gretna, VA 24557

    $399,900
    10,004 sqft 0.26 AC lot

    Seven residential units above a main-level retail space, with central air and heat via separate heat pump.

    View details
    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    201 S Main Street, Gretna, VA 24557

    $399,900
    10,004 sqft 0.26 AC lot

    Mixed-use property with street-level retail space and seven apartments above, each with in-unit appliances and heat pump comfort.

    View details
    Multifamily Property with Storage Units
    Multifamily Property with Storage Units

    29 Broad Street, Martinsville, VA 24112

    $575,000
    19,166 sqft

    Income-producing multifamily complex with 15 on-site storage units.

    View details

    Danville, VA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Danville, 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 $589,900.

    Sale prices for two-family homes in Danville, VA average $589,900 — 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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    Demographics Overview

    Population 60K
    Population Growth (5Y) +2.4%
    Median Household Income $48,191
    College Educated 13.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    24540 $599.9K

    Taxes & Financing

    Tax Rate (average for all types) 0.77%
    Property Tax per SF $13.80 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Danville city

    New Delisted

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