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    Marion, VA
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    Marion, VA Apartment Buildings for Sale

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    Mixed-Use Property with Student Suites
    Updated: Aug 22
    Mixed-Use Property with Student Suites

    1046 Terrace Drive, Marion, VA 243554

    $850,000
    8,250 sqft 0.69 AC lot
    8,250‑square‑foot building on 0.69 acres
    Four student suites accommodate two students each
    Private baths, closets and study areas in the student suites
    Lower‑level healthcare office includes multiple offices, storage, two half baths and two kitchenettes
    Student suites have two‑year lease terms and were at full capacity
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    Mixed-Use Student Housing Property
    Updated: Jul 1, 2024
    Mixed-Use Student Housing Property

    1046 Terrace Drive, Marion, VA 24354

    $850,000
    8,250 sqft
    8,250‑square‑foot mixed‑use property at 1046 Terrace Drive
    Four main‑level suites accommodate 2 students each, totaling 8 rentals
    Private bathrooms, closets, study areas, and shared kitchen/living/dining spaces
    Lower‑level health care office includes multiple offices, storage, 2 half baths, and 2 kitchenettes
    Main‑level rentals carry 2‑year lease terms and are currently at full capacity
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Marion, 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.

    Mixed-Use Portfolio with Apartments
    Mixed-Use Portfolio with Apartments

    145 Suffolk Ave, Richlands, VA 24641

    $800,000
    17,000 sqft

    Adjoining commercial and residential buildings offer separate utilities, renovated apartments, and back-lot parking.

    View details
    Mixed-Use Property with Garage
    Mixed-Use Property with Garage

    110 Redwood Drive, Raven, VA 24639

    $275,000
    3,616 sqft

    Combined commercial and residential improvements include a service garage, rental units, and public utilities.

    View details
    33-Unit Apartment Property
    33-Unit Apartment Property

    210 Litton Ave, Richlands, VA 24641

    $1,900,000

    One-, two-, and three-bedroom layouts include washer and dryer connections.

    View details
    Multi-Use Garage and Rental Building
    Multi-Use Garage and Rental Building

    110 Redwood Drive, Raven, VA 24639

    $275,000
    3,616 sqft

    Multi-use property with a 3-bay heated office garage and seven income-producing residential units, all currently rented.

    View details

    Marion, VA Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Marion, VA on our real estate platform. These investment opportunities span a total of 16,500 square feet of properties for sale, with an estimated market value of $1,700,000.

    Sale prices for two-family homes in Marion, VA average $850,000 — 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 13K
    Population Growth (5Y) -9.4%
    Median Household Income $42,076
    College Educated 27.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    24354 $850K

    Taxes & Financing

    Tax Rate (average for all types) 0.58%
    Property Tax per SF $7.95 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Smyth County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Popular Searches in Marion, VA

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    Most Searched ZIP Codes in Marion, VA

    • 24354
    • 243554

    Featured Marion Real Estate Agencies

    Realmo connects you with licensed Marion CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Appalachian Realty Co. Inc.
    123 W Main St. Marion, VA 24354
    Phone: 12767835173
    www.appalachianrealtors.com/default.asp
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