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Remodeled Four-Unit Quadplex
For Sale
$499,900

31157 Princeton Avenue, Meadowview, VA 24361

Multi Family, Meadowview, VA

Property Size1,988 SF
Lot Size0.47 Acres
Price / SF$251.46
Days on Market228

Property Features for 31157 Princeton Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning VIllage
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 4, Basement, Bedroom 4, Bedroom 1, Bedroom 3
Window features Insulated Windows
Patio and Porch features Deck
Interior features Remodeled
Fireplace 1
Basement Block
Appliances Dryer, Range, Refrigerator, Washer
Elementary school Meadowview
Middle school Glade Spring
High school Patrick Henry
Directions Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left.
Standard status Active
APN 068a2 4 2 3
Size 1,988 SF
Lot size 0.47 Acres

Taxes and HOA fees

Tax Annual Amount 885

Utilities

Sewer type Public Sewer
Water source Public

Amenities

deck
attached parking
laundry center
mini-split systems

Building Details

Year built 1970
Floors in Building 2
Number of units 4
Flooring type Laminate
Building materials Brick, T111
Roof type Metal
Architectural style Other
Listing Agency: Robin's Nest Realty, LLC
Listed By: Robin Bise
Added: Feb 10 Changed: Sep 15 Last Checked: Sep 26 at 8:06AM
MLS# 9991031

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. 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 remodeled quadplex contains four apartments within approximately 1,988 square feet. Each unit includes a private bedroom, full bathroom, and combined kitchen and living area, with individual mini-split systems for heating and cooling. A shared laundry center serves the building, and the property includes a deck, attached parking, laminate flooring, updated interiors, and a metal roof. Appliances include washers, dryers, ranges, and refrigerators.

Set on approximately 0.47 acres at 31157 Princeton Avenue in Meadowview, the property has a large parking area across level and gently rolling terrain. Public water and sewer serve the building. Emory & Henry University is beside the property, with the post office, medical offices, and local dining within walking distance. Interstate 81, Abingdon, Bristol, the Virginia Creeper Trail, and the Appalachian Trail are a short drive away. Tenant rent includes electric, internet, water, sewer, and lawn maintenance.

Key Highlights

  • Four‑unit quadplex with approximately 1,988 square feet
  • Approximately 0.47 acres with a large parking area and attached parking
  • Each apartment includes a private bedroom, full bathroom, and kitchen/living area

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Restaurant Bed & Breakfast Hotel & Motel

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

4
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

63
Businesses Nearby

Demographics for 24361, VA

4,555
Population
2,006
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
85%
High-School Grad
54.6 sq mi
ZIP Area
83
Density / Sq Mi
$68,883
Median Household Income
$36,144
Median Earnings
$904
Median Rent
$173,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Quadplex - Four apartments offer private bedrooms, full bathrooms, kitchen/living areas, and individual mini-split systems.
Where is this quadplex located?
The property is located at 31157 Princeton Avenue Meadowview, VA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Four‑unit quadplex with approximately 1,988 square feet; Approximately 0.47 acres with a large parking area and attached parking; Each apartment includes a private bedroom, full bathroom, and kitchen/living area
More about this property
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