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Renovated Two-Residence Multifamily Property
For Sale
$677,000

207 Neck O Land Rd, Williamsburg, VA 23185

Separate homes offer rental income and owner-occupant flexibility across nearly three acres.

Property Size2,790 SF
Lot Size3.00 Acres
Days on Market36

Property Features for 207 Neck O Land Rd

General Information

Standard status Active
Size 2,790 SF
Lot size 3.00 Acres
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units 2

Additional Details

Gross Income $48,000
Highway Access Yes

Building Details

Building Size 2,790 SF
Year Built 1940
Year Renovated 2025
Buildings 2
Units 2
Construction ranch
Tenancy Multi
Listing Agency: Coldwell Banker Commercial Brooks Real Estate
Listed By: John Wilson
Source: Commercialcafe
Added: Jul 26 Changed: Aug 29 Last Checked: Aug 29 at 4:58PM

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 Coldwell Banker Commercial Brooks Real Estate

Investment Insights

Based on property information with market context.

Built in 1940, this multifamily property includes two ranch residences on nearly 3 acres. The 205 residence measures 1,350 square feet with two bedrooms, two full bathrooms, a primary suite, granite-tiled baths, and a fenced yard. The 207 residence offers 1,450 square feet, three bedrooms, two full bathrooms, a primary suite, and a composite front porch.

Renovations include plumbing, electrical, insulation, drywall, roofing, HVAC, siding, and appliances. Work at both residences was JCC permitted, with the 205 home renovated in 2008 and the 207 home renovated in 2025. A detached building on a slab and additional sheds are included and convey as-is.

The property provides access to Route 199, I-64, the Capital Trail, Jamestown, Billsburg Brewery, and The Frothy Moon. Current lease expirations are December 30, 2026, for 205 and September 30, 2026, for 207. A utility easement serving the Cottages at Stone Haven crosses toward the Stone Haven entry side.

Key Highlights

  • Nearly 3 acres with two separate ranch residences
  • 205 residence: 1,350 sq ft, 2 bedrooms, 2 full baths; renovated in 2008
  • 207 residence: 1,450 sq ft, 3 bedrooms, 2 full baths; renovated in 2025

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Restaurant Auto Repair Shop Real Estate Agency Dental Office Big Box & Wholesale Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

138
Businesses Nearby

Demographics for 23185, VA

51,566
Population
22,879
Households
2.3
Avg Household Size
40
Median Age
52%
College-Educated
94%
High-School Grad
57.2 sq mi
ZIP Area
902
Density / Sq Mi
$103,507
Median Household Income
$40,724
Median Earnings
$1,425
Median Rent
$413,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Separate homes offer rental income and owner-occupant flexibility across nearly three acres.
Where is this multifamily property located?
The property is located at 207 Neck O Land Rd Williamsburg, VA.
What is the asking price?
The asking price for this property is $677,000.
What are key features of this property?
This property features: Nearly 3 acres with two separate ranch residences; 205 residence: 1,350 sq ft, 2 bedrooms, 2 full baths; renovated in 2008; 207 residence: 1,450 sq ft, 3 bedrooms, 2 full baths; renovated in 2025
More about this property
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