Search
Remodeled Four-Unit Quadplex
For Sale
$499,900

31157 Princeton Ave, Meadowview, VA 24361

Four apartments offer private bedrooms, full bathrooms, kitchens, and living areas, with shared laundry and individual mini-split systems.

Property Size1,988 SF
Lot Size0.47 Acres
Price / SF$251.46
Days on Market19

Property Features for 31157 Princeton Ave

General Information

Standard status Active
Size 1,988 SF
Lot size 0.47 Acres
Property subtype Multi-Family

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Amenities

laundry center
deck
attached parking
mini-split system

Building Details

Year Built 1970
Listing Agency: The Realty Shop
Listed By: The Freck Group, Shad Freck, Stephanie M
Source: Livinginjohnsoncity
Added: Aug 12 Changed: Aug 29 Last Checked: Aug 29 at 10:37PM

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 The Realty Shop

Investment Insights

Based on property information with market context.

This 1,988-square-foot quadplex contains four apartments, each arranged with a private bedroom, full bathroom, and kitchen/living area. The interiors have been updated with laminate flooring, and each unit includes an individual mini-split system. A shared laundry center serves the building, while a deck and large parking area support the property’s day-to-day functionality. The metal roof and attached parking add further physical improvements.

Set on 0.47 acres with level and gently rolling terrain, the property has public water and sewer. It is located beside Emory & Henry University and within walking distance of a post office, medical offices, and local dining. Interstate 81, Historic Abingdon, Bristol, the Virginia Creeper Trail, and the Appalachian Trail are minutes away. Tenant rent includes electric, internet, water, sewer, and lawn maintenance.

Key Highlights

  • Four apartments, each with a private bedroom, full bathroom, and kitchen/living area
  • 1,988 square feet on 0.47 acres
  • Recently remodeled interiors with laminate flooring

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Restaurant Bed & Breakfast Hotel & Motel

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

4
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

63
Businesses Nearby

Demographics for 24361, VA

4,555
Population
2,006
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
85%
High-School Grad
54.6 sq mi
ZIP Area
83
Density / Sq Mi
$68,883
Median Household Income
$36,144
Median Earnings
$904
Median Rent
$173,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Four apartments offer private bedrooms, full bathrooms, kitchens, and living areas, with shared laundry and individual mini-split systems.
Where is this quadplex located?
The property is located at 31157 Princeton Ave Meadowview, VA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Four apartments, each with a private bedroom, full bathroom, and kitchen/living area; 1,988 square feet on 0.47 acres; Recently remodeled interiors with laminate flooring
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message