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Townhome Community with 38 Units
For Sale
$3,500,000

265 Hallock Place, Abingdon, VA 24210

Built in 2003, this 38-unit townhome community features two-bedroom, 1.5-bath layouts with stabilized operations.

Property Size37,088 SF
Days on Market75

Property Features for 265 Hallock Place

General Information

Standard status Active
Size 37,088 SF
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 38

Building Details

Building Size 37,088 SF
Year Built 2003
Listing Agency: SVN I Wood Properties
Listed By: Scott Szpyrka
Source: Svn
Added: Jun 23 Changed: Sep 4 Last Checked: Aug 9 at 9:57AM

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 SVN I Wood Properties

Investment Insights

Based on property information with market context.

Hallock Drive Townhomes is a 38-unit townhouse community built in 2003, offering residents two-bedroom, one-and-a-half-bathroom townhome residences. Units average approximately 975–1,000 square feet, and the property is presented as a well-maintained, stabilized asset.

The community is located in Abingdon, Virginia, with convenient access to Interstate 81 for connectivity throughout the Tri-Cities region, including Bristol, Kingsport, and Johnson City.

For investors, Hallock Drive Townhomes provides an income-producing multifamily asset with in-place operations and continued upside potential described as rent growth, supported by the area’s employment base across healthcare, manufacturing, education, and distribution.

Key Highlights

  • 38‑unit townhouse community built in 2003
  • All units are 2‑bedroom townhomes with 1.5 bathrooms
  • Unit sizes average approximately 975–1,000 SF

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Plumbing Service Bakery (Bike/Boat/Book/etc) Store Garden Center Locksmith

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

38
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

249
Businesses Nearby

Demographics for 24210, VA

17,284
Population
8,110
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
144.1 sq mi
ZIP Area
120
Density / Sq Mi
$63,512
Median Household Income
$39,732
Median Earnings
$794
Median Rent
$201,400
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 - Built in 2003, this 38-unit townhome community features two-bedroom, 1.5-bath layouts with stabilized operations.
Where is this apartment building located?
The property is located at 265 Hallock Place Abingdon, VA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 38‑unit townhouse community built in 2003; All units are 2‑bedroom townhomes with 1.5 bathrooms; Unit sizes average approximately 975–1,000 SF
More about this property
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