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Renovation-Ready Triplex
For Sale
$219,900
Pending

318 E Westover Avenue, Colonial Heights, VA 23834

ResidentialIncome, Colonial Heights, VA

Property Size2,884 SF
Lot Size0.14 Acres
Days on Market32

Property Features for 318 E Westover Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description R2
Elementary school Lakeview
Middle school Colonial Heights
High school Colonial Heights
Subdivision 55 - Colonial Heights
Standard status Pending
APN 4900-03-00-08A
Size 2,884 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description SUB: GRESHAM PLACE**SECTION: **BLOCK: **LOT: 8, 8A
Tax Annual Amount 2932
Legal Description SUB: GRESHAM PLACE**SECTION: **BLOCK: **LOT: 8, 8A

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1927
Floors in Building 2
Number of units 3
Building materials AluminumSiding, Frame
Roof type Shingle
Architectural style Other
Listing Agency: The SSAM Agency
Listed By: Sam Miliotis · License #0225045867
Added: Jul 31 Changed: Aug 20 Last Checked: Aug 31 at 2:06AM
MLS# 2620875

Copyright © 2026 Central 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 2,884-square-foot triplex was constructed in 1927 and contains three residential units. The lower residence has two bedrooms and one bathroom, while the upper level contains two separate one-bedroom, one-bathroom units. Separate gas meters serve the property. The building has aluminum siding over frame construction, a shingle roof, public water, and public sewer.

Situated in Colonial Heights, Virginia, the property occupies a 0.14-acre parcel at 318 E Westover Avenue. The building requires full renovation and is offered in its current condition. Its established three-unit configuration and distinct utility metering provide a defined starting point for a renovation plan.

Key Highlights

  • Three‑unit triplex totaling 2884 square feet
  • Unit mix includes one 2 Bed 1 Bath residence and two 1 Bed 1 Bath units
  • Separate gas meters serve the units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Butcher Storage Facility Tanning Salon Food Market Accounting Firm

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

579
Businesses Nearby

Demographics for 23834, VA

26,635
Population
11,493
Households
2.3
Avg Household Size
40
Median Age
29%
College-Educated
93%
High-School Grad
23.8 sq mi
ZIP Area
1,119
Density / Sq Mi
$82,314
Median Household Income
$45,000
Median Earnings
$1,214
Median Rent
$236,100
Median Home Value

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?
Triplex - Three-unit residential property with separate gas meters, public water and sewer, and a unit mix of two- and one-bedroom apartments.
Where is this triplex located?
The property is located at 318 E Westover Avenue Colonial Heights, VA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Three‑unit triplex totaling 2884 square feet; Unit mix includes one 2 Bed 1 Bath residence and two 1 Bed 1 Bath units; Separate gas meters serve the units
More about this property
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