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33-Unit Apartment Property
New
For Sale
$1,900,000

210 Litton Ave, Richlands, VA 24641

One-, two-, and three-bedroom layouts include washer and dryer connections.

Property Size33,700 SF
Days on Market3

Property Features for 210 Litton Ave

General Information

Standard status Active
Size 33,700 SF
Property subtype Multifamily

Amenities

Current Ownership has spent approximately $55,350 on capital expenditures in the past year.
33 units across four addresses on a single 3.35-acre parcel.
Diverse unit mix of consisting of 1, 2, and 3 bedroom units.
Washer/dryer connections in units
Roof replaced on 210 Litton in 2025 and three heat pumps replaced the same year, reducing near-term capital needs.
Current average rent of $629 against pro-forma of $717, or roughly 14 percent of in-place rent upside through turnover.

Building Details

Building Size 33,700 SF
Units 33
Listed By: Pat Cosgrove · License #License(s): TN: 341774
Source: Marcusmillichap
Added: Sep 30 Last Checked: Oct 1 at 7:58AM

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 Pat Cosgrove

Investment Insights

Based on property information with market context.

This 33-unit apartment property occupies a single 3.35-acre parcel at 210 and 220 Litton Avenue and 100 and 106 Ratliff Street in Richlands, Virginia. The buildings date to 1965 and 1975, and offer a mix of one-, two-, and three-bedroom floorplans with washer and dryer connections.

Recent work includes a complete roof replacement at 210 Litton Avenue and three heat pump replacements within the past year.

Key Highlights

  • 33 apartments across a single 3.35‑acre parcel
  • Addresses include 210 and 220 Litton Avenue and 100 and 106 Ratliff Street
  • One-, two-, and three‑bedroom floorplans

Property Analytics

Current Use

Mulco Properties Litton ... Apartment Building

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance 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.

Location Intelligence

Trade Area within ½ mile

283
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
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Frequently Asked Questions

What type of property is this?
Apartment building - One-, two-, and three-bedroom layouts include washer and dryer connections.
Where is this apartment building located?
The property is located at 210 Litton Ave Richlands, VA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 33 apartments across a single 3.35‑acre parcel; Addresses include 210 and 220 Litton Avenue and 100 and 106 Ratliff Street; One-, two-, and three‑bedroom floorplans
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