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Triplex with Furnished Units
For Sale
$219,000

1165 N Independence Ave, Independence, VA 24348

MULTI_FAMILY - Independence, VA

Property Size3,181 SF
Lot Size0.48 Acres
Price / SF$68.85
Days on Market208

Property Features for 1165 N Independence Ave

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning RES
Bedrooms 6
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3
Window features Insulated Windows, Vinyl Frames
Interior features Paneling
Fencing Fenced
Basement Crawl Space
Appliances Range, Refrigerator, Electric Water Heater
Elementary school Independence
Middle school Independence
High school Grayson County
Directions From intersection of US-21 N/N Independence Ave & US-58 W/Main St. Head north on US-21, approximately 2 miles, property on right.
Subdivision Grayson County
Standard status Active
Size 3,181 SF
Lot size 0.48 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 755

Utilities

Sewer type Public Sewer
Heating system Ductless (Heating), Electric (Heating), Propane (Heating), Space Heater, Heat Pump (Heating), Baseboard
Cooling system Zoned, Central Air, Window Unit(s), Wall/Window Unit(s), Ductless, Electric
Water source Public

Building Details

Year built 1940
Number of units 3
Flooring type Vinyl, Plank
Building materials Vinyl Siding, Dry Wall
Roof type Metal, Shingle
Additional Structures Outbuilding
Listing Agency: BHHS- Mountain Sky Properties-Hillsville
Listed By: Joseph Dixon · License #0225246102
Added: Jan 13 Changed: Aug 2 Last Checked: Aug 9 at 10:06PM
MLS# 104564

Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex at 1165 N Independence Ave in Independence, VA features three furnished units, each configured as a 2-bedroom, 1-bath home. The property includes a range of in-unit amenities such as a range, refrigerator, and electric water heater, with electric baseboard and space heater options noted among the heating sources. Cooling includes central air along with zoned and ductless cooling options, depending on the unit. Building materials include vinyl siding and drywall, with interior paneling and plank and vinyl flooring. The home also includes fencing and public utilities.

Tenants are responsible for their own water, sewer, and power. The seller notes unit-specific upgrades including a new mini split in Apt A, central heating in Apt B, and an added heat pump plus a newer roof in Apt C.

The property sits on 0.48 acres and was built in 1940. Public water and public sewer services are provided.

Key Highlights

  • Three furnished units, each with 2 bedrooms and 1 bathroom
  • Tenants responsible for their own water, sewer, and power
  • 0.48 acres and 3,181 SF triplex building

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Hair Salon Real Estate Agency Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

21
Businesses Nearby

Demographics for 24348, VA

4,725
Population
2,414
Households
2
Avg Household Size
47
Median Age
14%
College-Educated
83%
High-School Grad
101.9 sq mi
ZIP Area
46
Density / Sq Mi
$42,408
Median Household Income
$36,195
Median Earnings
$621
Median Rent
$146,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three furnished 2-bedroom, 1-bath units; tenants pay water, sewer, and power; zoned RES.
Where is this triplex located?
The property is located at 1165 N Independence Ave Independence, VA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Three furnished units, each with 2 bedrooms and 1 bathroom; Tenants responsible for their own water, sewer, and power; 0.48 acres and 3,181 SF triplex building
More about this property
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