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Remodeled Quadplex with Deck
For Sale
$499,900

31157 Princeton Avenue, Meadowview, VA 24361

MULTI_FAMILY - Other - Meadowview, VA

Property Size1,988 SF
Lot Size0.47 Acres
Price / SF$251.46
Days on Market183

Property Features for 31157 Princeton Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning VIllage
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bathroom 2, Bathroom 4, Basement, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Window features Insulated Windows
Patio and Porch features Deck
Interior features Remodeled
Fireplace 1
Basement Block
Appliances Dryer, Range, Refrigerator, Washer
Elementary school Meadowview
Middle school Glade Spring
High school Patrick Henry
Directions Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left.
Standard status Active
APN 068a2 4 2 3
Size 1,988 SF
Lot size 0.47 Acres

Taxes and HOA fees

Tax Annual Amount 885

Utilities

Sewer type Public Sewer
Water source Public

Amenities

laundry center
deck
metal roof
updated interiors
laminate flooring
mini-split systems
attached parking

Building Details

Year built 1970
Floors in Building 2
Number of units 4
Flooring type Laminate
Building materials Brick, T111
Roof type Metal
Architectural style Other
Listing Agency: Robin's Nest Realty, LLC
Listed By: Robin Bise
Added: Feb 10 Changed: Aug 10 Last Checked: Aug 12 at 12:06PM
MLS# 9991031

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit residential income property contains approximately 1,988 square feet on approximately 0.47 acres. Each apartment provides one private bedroom, a full bathroom, and a combined kitchen and living area. The interiors have been remodeled with laminate flooring, and each unit has its own mini-split system. A shared laundry center, deck, large parking area, attached parking, and metal roof add functional features. Appliances include ranges, refrigerators, washers, and a dryer.

The property is located at 31157 Princeton Avenue in Meadowview, Virginia, beside Emory & Henry University. It is within walking distance of the post office, medical offices, and local dining, with Interstate 81, Abingdon, Bristol, the Virginia Creeper Trail, and the Appalachian Trail nearby. Public water and public sewer serve the property, which carries VIllage zoning.

Key Highlights

  • Four‑unit property with approximately 1,988 square feet
  • Approximately 0.47 acres with a large parking area
  • Each apartment includes one bedroom, a full bathroom, and a kitchen/living area

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
Multi-tenant
Tenancy
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Four private apartments include kitchens, living areas, full bathrooms, and individual mini-split systems.
Where is this quadplex located?
The property is located at 31157 Princeton Avenue 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‑unit property with approximately 1,988 square feet; Approximately 0.47 acres with a large parking area; Each apartment includes one bedroom, a full bathroom, and a kitchen/living area
More about this property
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