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Duplex with Fenced Corner Lot
For Sale
$155,000

1903 Fourth St, Richlands, VA 24641

Residential Income, Richlands, VA

Property Size1,056 SF
Lot Size0.34 Acres
Price / SF$146.78
Days on Market137

Property Features for 1903 Fourth St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R2
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Basement
Window features Insulated Windows, Vinyl Frames
Interior features Newer Paint
Exterior features Rain Gutters, Garden
Fencing Fenced
Fireplace 1
Basement Walk-Out Access, Full
Appliances Range, Refrigerator, Washer, Dryer, Electric Water Heater
Elementary school Richlands
Middle school Richlands
High school Richlands
Directions Highway 19/460 at Claypool Hill, take 460 W. Take the second Richlands exit (Richlands/Jewell Ridge), turn L onto Railroad Ave (Rt 67). Follow Railroad Ave, at light turn right onto Second St. Take first Right onto Allegheny. Property is straight ahead, the corner of Allegheny and Fourth St.
Subdivision Richlands
Standard status Active
Size 1,056 SF
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 739

Utilities

Utilities Propane
Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1973
Number of units 2
Flooring type Tile, Newer floor covering, Plank, Vinyl, Carpet, Wood
Building materials Block, Metal Siding
Roof type Metal, Shingle
Additional Structures Outbuilding
Listing Agency: Fortune Realty of Richlands
Listed By: Ramona Simmons · License #0225058750
Added: Apr 16 Changed: Aug 20 Last Checked: Aug 30 at 6:06PM
MLS# 103133

Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex comprises two distinct residential units on a 0.34-acre fenced corner lot. The first unit is an updated 1973 doublewide with two bedrooms, two full baths, a large living room, dining area, kitchen, breakfast nook, propane fireplace, covered front porch, and rear covered patio. Electric heat pump service provides heating and cooling, and the home includes newer floor coverings and some updated kitchen cabinetry.

The second unit is a one-bedroom, one-bath apartment above a full basement. It features an eat-in kitchen, side deck, hardwood flooring in the bedroom and living room, and an above-grade basement area suitable for storage. Propane wall heating serves this unit. The property also includes public water, public sewer, a metal and shingle roof, rain gutters, garden space, and on-site appliances including a range, refrigerator, washer, dryer, and electric water heater. Both units have tenants in place.

Key Highlights

  • Two‑unit duplex on a 0.34‑acre fenced corner lot
  • Unit 1: updated 1973 doublewide with 2 bedrooms and 2 full baths
  • Unit 2: 1‑bedroom, 1‑bath second‑story apartment over a full basement

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

391
Businesses Nearby

Demographics for 24641, VA

5,377
Population
2,830
Households
1.9
Avg Household Size
43
Median Age
14%
College-Educated
85%
High-School Grad
19.4 sq mi
ZIP Area
277
Density / Sq Mi
$37,044
Median Household Income
$40,087
Median Earnings
$823
Median Rent
$103,900
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?
Duplex - Two residential units include a doublewide home and a second-story apartment with tenants in place.
Where is this duplex located?
The property is located at 1903 Fourth St Richlands, VA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two‑unit duplex on a 0.34‑acre fenced corner lot; Unit 1: updated 1973 doublewide with 2 bedrooms and 2 full baths; Unit 2: 1‑bedroom, 1‑bath second‑story apartment over a full basement
More about this property
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