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Four-Unit Condominium Building
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2401 Old Cape Charles Rd, Cape Charles, VA 23310

Whole-building condominium offering with varied unit layouts arranged across two floors.

Property SizeContact for details
Days on Market143

Property Features for 2401 Old Cape Charles Rd

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Parr Properties
Listed By: Bill Parr · License #VA
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 4:48PM

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 Parr Properties

Investment Insights

Based on property information with market context.

This four-unit condominium building is offered as a single property and includes two distinct residential layouts. The first floor contains two units with two bedrooms and two bathrooms each, while the second floor includes two one-bedroom, one-bath units. The building is situated on a one-acre in-town lot and is designed for separate condominium residences within one structure.

The property includes a well and septic system. A conversion to town utilities after 2028 is identified in the property information as supporting potential changes to the second-floor layouts. Completion was scheduled for January 2024.

Key Highlights

  • Four‑unit condominium building offered as one whole‑building property
  • Two first‑floor units with 2 bedrooms and 2 bathrooms each
  • Two second‑floor units with 1 bedroom and 1 bathroom each

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Storage Facility Furniture & Home Goods Hair Salon Nail Salon 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.

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

Demographics for 23310, VA

5,260
Population
3,386
Households
1.6
Avg Household Size
52
Median Age
33%
College-Educated
89%
High-School Grad
65.1 sq mi
ZIP Area
81
Density / Sq Mi
$53,482
Median Household Income
$36,386
Median Earnings
$795
Median Rent
$344,700
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?
Quadplex - Whole-building condominium offering with varied unit layouts arranged across two floors.
Where is this quadplex located?
The property is located at 2401 Old Cape Charles Rd Cape Charles, VA.
What are key features of this property?
This property features: Four‑unit condominium building offered as one whole‑building property; Two first‑floor units with 2 bedrooms and 2 bathrooms each; Two second‑floor units with 1 bedroom and 1 bathroom each
More about this property
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