Duplex with Heat
For Sale
$165,000
117 Motley Ave., Danville, VA 24540
Each residence has two bedrooms and one bathroom, and both are currently occupied by tenants.
Property Size2,098 SF
Price / SF$78.65
Days on Market397
Property Features for 117 Motley Ave.
General Information
Standard status
Active
Size
2,098 SF
Property subtype
Residential Income
Zoning
R-1
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,098 SF
Year Built
1915
Stories
1
Units
2
Listing Agency:
HAUSER REALTY GROUP
(434) 792-3000
Listed By:
Jodi Coleman
(434) 688-2217
Source:
Manascorealty
Added: Sep 26, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:13AM
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 HAUSER REALTY GROUP
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Investment Insights
Based on property information with market context.
This 2,098-square-foot duplex was built in 1915 and contains two residences, each with two bedrooms and one bathroom. A heat pump provides heating. Both units are currently rented, and the property is being sold as-is with no warranties.
Located at 117 Motley Ave. in Danville, the property is zoned R-1.
Located at 117 Motley Ave. in Danville, the property is zoned R-1.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Both units currently rented
- 2,098‑square‑foot building constructed in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,706
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,120
$274.1K
Cap Rate 7%
$195,800
$195.8K
Cap Rate 9%
$152,289
$152.3K
Market Conditions
NOI Build-Up for 2,098 SF
Gross rent
$21.4K $10.20/SF
− Vacancy
−$1.8K −$0.87/SF
EGI
$19.6K $9.33/SF
− OpEx
−$5.9K −$2.80/SF
NOI
$13.7K $6.53/SF
Area
Danville County, VA
Vacancy
8.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,120
Cap Rate 7%
$195,800
Cap Rate 9%
$152,289
Alternative Uses
Best Use
Multifamily LT 5
$195.8K
$171.3K – $228.4K
NOI $13,706 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$183.0K
$160.1K – $213.5K
NOI $12,808 @ 7.0% cap · market cap 7.76%
Theoretical Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,202 @ 7.0% cap · market cap 52.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
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Business Placement
Demographics for 24540, VA
32,094
Population
15,792
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
87%
High-School Grad
75.0 sq mi
ZIP Area
428
Density / Sq Mi
$47,207
Median Household Income
$34,621
Median Earnings
$828
Median Rent
$146,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one bathroom, and both are currently occupied by tenants.
Where is this duplex located?
The property is located at 117 Motley Ave. Danville, VA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Both units currently rented; 2,098‑square‑foot building constructed in 1915
