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Triplex With Conversion Potential
For Sale
$199,999

301 S Broad St, Suffolk, VA 23434

Three-unit residential property near dining and shopping, with flexibility for renovation and reconfiguration.

Property SizeContact for details
Days on Market112

Property Features for 301 S Broad St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,171
Listing Agency: Keller Williams Realty Twn Ctr
Listed By: Ekun Baptiste
Source: Exprealty
Added: Apr 30 Changed: Aug 16 Last Checked: Aug 19 at 1:08PM

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 Keller Williams Realty Twn Ctr

Investment Insights

Based on property information with market context.

This triplex offers three rental units and a renovation-oriented layout with the potential to be reconfigured as a single-family residence. The property is located near food and shopping options in Suffolk, Virginia.

Key Highlights

  • Three rental units
  • Potential to convert to a single‑family residence
  • Located near food and shopping in Suffolk, VA

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Catering Service

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

787
Businesses Nearby

Demographics for 23434, VA

51,430
Population
21,764
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
206.8 sq mi
ZIP Area
249
Density / Sq Mi
$75,798
Median Household Income
$47,291
Median Earnings
$1,242
Median Rent
$293,600
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?
Triplex - Three-unit residential property near dining and shopping, with flexibility for renovation and reconfiguration.
Where is this triplex located?
The property is located at 301 S Broad St Suffolk, VA.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Three rental units; Potential to convert to a single‑family residence; Located near food and shopping in Suffolk, VA
More about this property
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