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Furnished Triplex
For Sale
$219,000

1165 N Independence Avenue, Independence, VA 24348

Each apartment comes furnished with a stove and refrigerator, while residents pay their own utility costs.

Property Size3,181 SF
Price / SF$68.85
Days on Market285

Property Features for 1165 N Independence Avenue

General Information

Standard status Active
Size 3,181 SF
Property subtype Multi Family Home

Units

Unit Mix 2BR/1BA
Multifamily Units 3

Additional Details

Gross Income $26,700
Tenant in Place Yes

Building Details

Building Size 3,181 SF
Stories 1
Units 3
Listing Agency: Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv
Listed By: Joseph Dixon · License #0225246102
Source: Giesencaldwell
Added: Jan 15 Changed: Oct 25 Last Checked: Oct 26 at 4:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv

Rey
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Investment Insights

Based on property information with market context.

This three-unit property contains 3,181 square feet, with each apartment offering two bedrooms and one bathroom. Furnishings, a stove, and a refrigerator are provided in every unit. Heating systems vary: Apartment A has a mini-split, Apartment B uses central heating, and Apartment C has a heat pump. The roof on Apartment C is newer.

Residents are responsible for water, sewer, and electric service. The property sits just outside Independence, less than three minutes from town, with hardware stores, shopping, and dining nearby.

Key Highlights

  • Three apartments, each with 2 bedrooms and 1 bathroom
  • 3,181 square feet
  • Furnishings, stove, and refrigerator in each unit

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 24348, VA

4,725
Population
2,414
Households
2
Avg Household Size
47
Median Age
14%
College-Educated
83%
High-School Grad
101.9 sq mi
ZIP Area
46
Density / Sq Mi
$42,408
Median Household Income
$36,195
Median Earnings
$621
Median Rent
$146,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each apartment comes furnished with a stove and refrigerator, while residents pay their own utility costs.
Where is this triplex located?
The property is located at 1165 N Independence Avenue Independence, VA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 bathroom; 3,181 square feet; Furnishings, stove, and refrigerator in each unit
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