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Triplex Property with Separate Gas Meters
New
For Sale
$219,900

318 E Westover Ave, Colonial Heights, VA 23834

Three-unit residential building requiring full renovation and offered in its existing condition.

Property Size2,884 SF
Days on Market4

Property Features for 318 E Westover Ave

General Information

Standard status Active
Size 2,884 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $2,931

Building Details

Building Size 2,884 SF
Year Built 1927
Stories 2
Units 3
Tenancy Multi
Listing Agency: Real Estate Virginia
Listed By: Sam Miliotis · License #0225045867
Source: Elliman
Added: Aug 2 Changed: Aug 3 Last Checked: Aug 5 at 10:28AM

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 Real Estate Virginia

Investment Insights

Based on property information with market context.

Built in 1927, this triplex at 318 E Westover Ave in Colonial Heights includes three residential units. The lower level has a two-bedroom, one-bath layout, while the upper floor contains two separate one-bedroom, one-bath units. Gas service is separately metered for the units.

The property requires full renovations and is offered as-is, where-is. Its walk score is 19, indicating a car-dependent setting, while the bike score is 21, classified as somewhat bikeable.

Key Highlights

  • Three‑unit triplex with a two‑bedroom lower unit and two one‑bedroom upper units
  • Full renovation required; offered as‑is, where‑is
  • Separate gas meters for the units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Butcher Storage Facility Tanning Salon Food Market Accounting 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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

579
Businesses Nearby

Demographics for 23834, VA

26,635
Population
11,493
Households
2.3
Avg Household Size
40
Median Age
29%
College-Educated
93%
High-School Grad
23.8 sq mi
ZIP Area
1,119
Density / Sq Mi
$82,314
Median Household Income
$45,000
Median Earnings
$1,214
Median Rent
$236,100
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?
Triplex - Three-unit residential building requiring full renovation and offered in its existing condition.
Where is this triplex located?
The property is located at 318 E Westover Ave Colonial Heights, VA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Three‑unit triplex with a two‑bedroom lower unit and two one‑bedroom upper units; Full renovation required; offered as‑is, where‑is; Separate gas meters for the units
More about this property
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