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    9457 S Congress St New Market, VA 22844

    Sponsored
    For Sale
    $390,000

    MULTI_FAMILY - NEW MARKET, VA

    Property size:
    3,259 SF
    Lot size:
    0.27 Acres
    Days on Market:
    71
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 9457 S Congress St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Driveway, Parking Lot, Off Street
    Interior features
    Carpet, Ceiling Fan(s)
    Appliances
    Oven/Range - Electric, Refrigerator
    Size
    3,259 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1936
    Number of units
    3
    Building materials
    Vinyl Siding

    Sager Real Estate (540) 465-3771 [email protected]

    Listing agent Cynthia D Hawkins (540) 465-3771 License #0225063447

    Listing date Oct 27, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Market Multi-Unit Investment Opportunity

    This multi-unit property in New Market, Virginia, presents an investment opportunity with three units, and the potential to convert apartment #1 into an additional unit, bringing the total to four. The property is currently fully rented on 12-month leases with long-term tenants, and rents have recently been increased, resulting in positive cash flow. Each unit is equipped with natural gas furnaces and central air conditioning. A new roof has just been installed. Parking is available at the back of the building, along with a storage shed, yard, and patio area. There is a large area behind the building that offers extra parking and expansion possibilities. Zoned B1 (General Business), the property fronts Main Street (Congress Street) in New Market. The adjacent rental unit building is also for sale. The lot size is 0.27 acres and the building size is 3259 square feet. The property is being sold "As Is".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Shenandoah
    State
    Virginia
    Longitude
    -78.67295
    Latitude
    38.64634

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    FAQs

    What type of property is this?
    Triplex - Three-unit property in New Market, Virginia with expansion potential.
    Where is this triplex located?
    The property is located at 9457 S Congress St New Market, VA.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: - Positive cash flow with long-term tenants and recently increased rents.; - Zoned B1 (General Business) on Main Street (Congress Street) offering versatile usage.; - Multi-unit property (currently 3 units, potential for 4) ideal for investors.
    (540) 335-9313
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    New Market, VA 22844
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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
    9457 S Congress St New Market, VA 22844
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