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    350 Powell Rd South Boston, VA 24592

    For Sale
    $3,790,000

    Attached Units, Multiplex, Multi-Family - South Boston, VA

    Days on Market:
    27
    Last Refresh:
    Dec 7 at 9:06 pm

    Property Features for 350 Powell Rd

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    65

    Utilities

    Heating system
    Ductless (Heating), Forced Air, Heat Pump (Heating)

    Building Details

    Year built
    1968
    Flooring type
    Carpet, Carpet - Full, Vinyl
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    Long & Foster Real Estate (888) 536-0216

    Listing agent Jason Clark (888) 536-0216

    Listing date Nov 11, 2025

    MLS# 71598 Listing URL

    Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Apartment Buildings Investment Opportunity

    Greens Folly Apartments, located in South Boston, Virginia, presents a significant investment opportunity. The property comprises 9 low-maintenance brick buildings, totaling 65 units, situated on 7.98 acres. The unit mix includes 27 one-bedroom, 29 two-bedroom, and 9 three-bedroom apartments. The buildings are located at 1005, 1006, 1015, 1016, 1025, & 1026 Harris Dr; 350 Powell Rd; 319 & 323 Valley Dr. The 45,402-sq-ft property offers a favorable density profile and potential for future value-add strategies. Its location provides convenient access to retail establishments, medical facilities, schools, and dining options, making it an attractive choice for prospective tenants. The property is positioned to capitalize on major regional economic drivers such as Virginia International Raceway, South Boston Speedway, Caesars Virginia Casino, & Hitachi Energy that has an expansion planned, creating over 800 new jobs. This property offers immediate scale and significant land value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Boston
    County
    Halifax
    State
    Virginia
    Longitude
    -78.9241121
    Latitude
    36.7318189

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    FAQs

    What type of property is this?
    Apartment building - 65-unit apartment complex near retail, medical, schools, and dining.
    Where is this apartment building located?
    The property is located at 350 Powell Rd South Boston, VA.
    What is the asking price?
    The asking price for this property is $3,790,000.
    What are key features of this property?
    This property features: - Great Investment Opportunity: 65 units in 9 low-maintenance brick buildings.; - Favorable Unit Mix: 27 one-bedroom, 29 two-bedroom, and 9 three-bedroom apartments.; - Prime Location: Minutes from retail, medical care, schools, and dining.
    (888) 536-0216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    350 Powell Rd South Boston, VA 24592
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