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Triplex with Separated Gas Meters
New
For Sale
$219,900

318 E Westover Avenue, Colonial Heights, VA 23834

MULTI_FAMILY - Other - Colonial Heights, VA

Property Size2,884 SF
Lot Size0.14 Acres
Price / SF$76.25
Days on Market1

Property Features for 318 E Westover Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description R2
Elementary school Lakeview
Middle school Colonial Heights
High school Colonial Heights
Subdivision 55 - Colonial Heights
Standard status Active
APN 4900-03-00-08A
Size 2,884 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description SUB: GRESHAM PLACE**SECTION: **BLOCK: **LOT: 8, 8A
Tax Annual Amount 2932
Legal Description SUB: GRESHAM PLACE**SECTION: **BLOCK: **LOT: 8, 8A

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1927
Floors in Building 2
Number of units 3
Building materials AluminumSiding, Frame
Roof type Shingle
Architectural style Other
Listing Agency: The SSAM Agency
Listed By: Sam Miliotis · License #0225045867
Added: Jul 31 Last Checked: Jul 31 at 7:06PM
MLS# 2620875

Copyright © 2026 Central 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 triplex includes three residential units. The lower unit is a 2 bed, 1 bath layout, and the two upper units are each 1 bed, 1 bath. The property has separated gas meters and will require full renovations.

The building is situated on a 0.14-acre lot and contains 2,884 square feet of space. Constructed in 1927 with aluminum siding/frame materials and a shingle roof, the home is served by public water and public sewer.

The property is being sold as-is, where is.

Key Highlights

  • Triplex with separated gas meters
  • Lower unit: 2 bed, 1 bath
  • Two upper units: each 1 bed, 1 bath

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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex with three separate residential units and separated gas meters on a public water and public sewer site.
Where is this triplex located?
The property is located at 318 E Westover Avenue 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: Triplex with separated gas meters; Lower unit: 2 bed, 1 bath; Two upper units: each 1 bed, 1 bath
More about this property
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