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Multifamily Property with Commercial Frontage
For Sale
$385,000

4123 South Amherst Highway, Madison Heights, VA 24572

B2-zoned property with county water, sewer, and a gas line.

Property Size3,600 SF
Price / SF$106.94
Days on Market477

Property Features for 4123 South Amherst Highway

General Information

Standard status Active
Size 3,600 SF
Property subtype Multi-Family / Multi-Family
Zoning B2

Site & Location

Road Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $3,000

Amenities

Drywall
Heat Pump
Vinyl
Active Solar, Heat Pump
No
Disclosure, Lead Based Paint, Tax Map
Vinyl Siding

Building Details

Year Built 1939
Listing Agency: John Stewart Walker, Inc
Listed By: Jim L Cash · License #0225019877
Source: Compass
Added: May 12, 2025 Changed: Aug 30 Last Checked: Aug 30 at 5:15AM

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 John Stewart Walker, Inc

Investment Insights

Based on property information with market context.

This multifamily property contains 3,600 square feet and was built in 1939. The improvements include drywall interiors, vinyl finishes, vinyl siding, and heat pump systems, including active solar and heat pump features. Road frontage supports commercial use, adding flexibility to the property's existing multifamily classification.

Located at 4123 South Amherst Highway in Madison Heights, the property is near Walmart and Amelon Square Shopping. County water and sewer serve the property, and a gas line is present. The zoning designation is B2.

Key Highlights

  • 3,600‑square‑foot multifamily property built in 1939
  • B2 zoning designation
  • Road frontage supports commercial use

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Electrical Service Building Supply Auto Parts Store

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

Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

282
Businesses Nearby

Demographics for 24572, VA

16,399
Population
7,415
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
247
Density / Sq Mi
$64,158
Median Household Income
$41,732
Median Earnings
$837
Median Rent
$187,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Multifamily property - B2-zoned property with county water, sewer, and a gas line.
Where is this multifamily property located?
The property is located at 4123 South Amherst Highway Madison Heights, VA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 3,600‑square‑foot multifamily property built in 1939; B2 zoning designation; Road frontage supports commercial use
More about this property
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