Listing Agency: Virginessee Real Estate Consultants f***@fredmcclellan.com Show Phone

Listed By: Fred McClellan, CCIM · License #0225186741 Show Phone

Source: Moodyscre

Added: Nov 25, 2025 Changed: Jul 10 Last Checked: Aug 22 at 9:53AM

Report an Issue

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 Virginessee Real Estate Consultants

Investment Insights

Based on property information with market context.

This investment property features an income stream from two apartments and a manufactured home. Additionally, there is unoccupied commercial space available for rental or owner-occupant use. One apartment measures 1,100 square feet, while the other is 850 square feet and includes a two-car carport. The manufactured home provides 1,152 square feet of living space. The property is situated on Kentucky Avenue in the Ramsey section of Norton, Virginia, approximately 0.3 miles from the intersection of U.S. 58-A and 1.7 miles from the intersection of U.S. 23, offering convenient access to Big Stone Gap, Wise, and Kentucky. The commercial space encompasses 2,000 square feet of interior office space, storage, and a one-vehicle bay garage, making it suitable for retail, office, or wholesale operations. The property has been maintained in good condition and offers various ownership benefits.

Key Highlights

• Multiple Income Streams: Features two apartments and a manufactured home, all currently generating rental income.
• Commercial Space: Includes 2,000 sq/ft of unoccupied commercial space suitable for rental or owner use (retail, office, or wholesale).
• Sizeable Units: Apartment sizes are 1,100 sq/ft and 850 sq/ft; the manufactured home is 1,152 sq/ft.

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Plumbing Service Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) 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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

45

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the lease rate? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Rent Nearby

Retail Space in Regional Center

608 Trent St, Norton, VA 24273

Contact for pricing

23,145 sqft

View details

Regional Shopping Center Space Available

608 Trent St SE, Norton, VA 24273

Contact for pricing

23,145 sqft

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - Income property with apartments, home, and commercial space.

Where is this multifamily property located?

The property is located at 1523 Kentucky Ave SE Norton, VA.

What are key features of this property?

This property features: Multiple Income Streams: Features two apartments and a manufactured home, all currently generating rental income.; Commercial Space: Includes **2,000 sq/ft of unoccupied commercial space** suitable for rental or owner use (retail, office, or wholesale).; Sizeable Units: Apartment sizes are 1,100 sq/ft and 850 sq/ft; the manufactured home is 1,152 sq/ft.