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Multi-Family Rental Property

111-125 Library Independence, VA 24348

New
111-125 Library, Independence, VA, 24348
$375,000
For Sale
$375,000

MULTI_FAMILY - Independence, VA

Property Size1,808 SF
Lot Size0.50 Acres
Price / SF$207.41
Days on Market2

Property Features for 111-125 Library

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Town
Bedrooms
10
Bathrooms
5
Rooms
Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 9, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 7, Bathroom 5, Bedroom 8, Bedroom 5, Bedroom 10, Bathroom 3, Bathroom 2
Window features
Wood Frames
Fencing
Fenced
Appliances
Range, Refrigerator, 1 Bdrm-Stove, 2 Bdrm-Stove, 3 Bdrm-Stove, 4 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator, 3 Bdrm-Refrigerator, 4 Bdrm-Refrigerator
Standard status
Active
Size
1,808 SF
Lot size
0.50 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
491

Utilities

Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Oil, Space Heater
Water source
Public

Building Details

Year built
1950
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Block, Vinyl Siding, Dry Wall, Plaster
Roof type
Shingle
Listing agency Tri-County Real Estate
Listed by Dennis Harrington · License #0225058007
Added: Jul 20 Checked: Jul 21 at 8:06AM
MLS# 111118

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 multifamily rental property is sold as one offering, made up of three separate houses at 111, 117, and 125 Library Street. The 111 address includes two separate units. The 125 address features a unit with 4 bedrooms and 2 baths, and the 117 address features a unit with 2 bedrooms and 1 bath. All units are currently rented and require an appointment for showings.

The property is located behind the library and is described as within walking distance to everything. The seller notes that all units are on Town water and sewer. Buyer to verify internet.

Lot size is approximately 0.5 acres, with a total property size of 1,808 square feet, per the provided information.

Key Highlights

  • Three separate houses sold as 1, including 111 Library Street, 125 Library Street, and 117 Library Street
  • 111 Library Street offers 2 separate units; 125 Library Street has 4 bedrooms and 2 baths; 117 Library Street has 2 bedrooms and 1 bath
  • All units served by public/town water and public sewer

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Building Supply Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nail Salon Cafe & Coffee Shop Big Box & Wholesale Store Barber Shop Pharmacy

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

FAQs

What type of property is this?
Quadplex - Four rental units across three addresses with town water and sewer.
Where is this quadplex located?
The property is located at 111-125 Library Independence, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three separate houses sold as 1, including 111 Library Street, 125 Library Street, and 117 Library Street; 111 Library Street offers 2 separate units; 125 Library Street has 4 bedrooms and 2 baths; 117 Library Street has 2 bedrooms and 1 bath; All units served by public/town water and public sewer
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