For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ashland Multifamily Property For Sale Title is generated by Realmo AI

    13065 W Patrick Henry Rd, Ashland, VA 23005

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Multifamily property in Ashland, VA, available for purchase.

    Type:Multifamily
    Property size:
    7,572 SF
    Price / SF:
    $162/SF
    Added:
    Nov 25, 2025
    Days on Market:
    225
    Last Refresh:
    Jul 5 at 7:26 am

    Property Features for 13065 W Patrick Henry Rd

    General Information

    Standard status
    Active
    Size
    7,572 SF
    Property subtype
    Multifamily

    We can help!

    Contact an agent
    Robbie Berndt

    Listing office Commonwealth Commercial Partners

    Listing date Nov 25, 2025

    Source Crexi

    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 Commonwealth Commercial Partners

    HighLights

    • No property information was provided to extract selling points.

    Overview

    This multifamily property, with a size of 7572 square feet, is available for sale in Ashland, Virginia.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $150.8k $19.92
    − Vacancy −$6.5k −$0.86
    EGI $144.3k $19.06
    − OpEx −$65.0k −$8.58
    NOI $79.4k $10.48
    7,572 SF · lease $19.92/SF/yr · vacancy 4.30% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.13M
    $992.4K – $1.32M (±1% cap)
    NOI $79,392 @ 7.0% cap · market cap 6.45%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.28M
    $1.99M – $2.66M (±1% cap)
    NOI $159,596 @ 7.0% cap · market cap 12.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Building Supply Law Firm Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.5446632
    Latitude
    37.7949498

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property in Ashland, VA, available for purchase.
    Where is this multifamily property located?
    The property is located at 13065 W Patrick Henry Rd Ashland, VA.
    What is the asking price?
    The asking price for this property is $1,230,000.
    What are key features of this property?
    This property features: No property information was provided to extract selling points.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message