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Three-Unit Brick Triplex
For Sale
$175,000
Pending

472 Colony Road, Madison Heights, VA 24572

Brick construction and varied heating systems support this three-unit residential property in Madison Heights.

Property SizeContact for details
Days on Market47

Property Features for 472 Colony Road

General Information

Standard status Pending
Property subtype Multi-Family / Multi-Family

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,300

Amenities

Plaster
Window Unit(s)
Vinyl
Electric Baseboard, Forced Warm Air-Oil, Wall/Space Unit
No
Comcast/Xfinity
Brick

Building Details

Year Built 1944
Listing Agency: Realty ONE Group Leading Edge
Listed By: Chase Hankins · License #0225251912
Source: Compass
Added: Jul 16 Changed: Aug 29 Last Checked: Aug 31 at 2:10AM

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 Realty ONE Group Leading Edge

Investment Insights

Based on property information with market context.

Built in 1944, this triplex contains three separate residential units within a brick exterior. Interior features include plaster and vinyl finishes, window unit air conditioning, and several heating systems, including electric baseboard, forced warm air-oil, and wall or space units. Comcast/Xfinity service is also identified.

The property is located at 472 Colony Road in Madison Heights, Virginia, with a 24572 ZIP code. Its three-unit configuration provides a defined multifamily layout within an established residential-income asset.

Key Highlights

  • Three separate residential units
  • Brick exterior construction
  • Built in 1944

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply Real Estate Agency HVAC Service Hair Salon Electrical Service Big Box & Wholesale Store

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

69
Businesses Nearby

Demographics for 24572, VA

16,399
Population
7,415
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
247
Density / Sq Mi
$64,158
Median Household Income
$41,732
Median Earnings
$837
Median Rent
$187,300
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
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Frequently Asked Questions

What type of property is this?
Triplex - Brick construction and varied heating systems support this three-unit residential property in Madison Heights.
Where is this triplex located?
The property is located at 472 Colony Road Madison Heights, VA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Three separate residential units; Brick exterior construction; Built in 1944
More about this property
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