Building Details

Buildings 2

Listing Agency: MAC WESTLAND REAL ESTATE GROUP Show Phone

Listed By: ALEXANDRA LEE TAYLOR Show Phone

Source: Exprealty

Added: Jul 6 Changed: Aug 2 Last Checked: Aug 2 at 4:59AM

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Investment Insights

Based on property information with market context.

This duplex configuration includes two separate homes on a single tax parcel at 702 N Beverly Ave in Covington. The front residence contains 1,056 sq ft with two bedrooms and one bathroom, while the rear residence offers 816 sq ft with two bedrooms and one bathroom. Together, the homes provide a practical two-unit layout for residential income use.

One residence is currently rented, and the second is ready for an occupant or a new lease. A newer roof is in place, adding a recent improvement to both structures. The property supports multiple ownership approaches, including occupying one home while leasing the other or leasing both residences.

Key Highlights

• Two homes situated on one tax parcel
• Front home: 1, 056 sq ft, 2 bedrooms, and 1 bathroom
• Rear home: 816 sq ft, 2 bedrooms, and 1 bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Auto Parts Store Bakery Pharmacy

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

400

Businesses Nearby

Explore this area Business Placement

Demographics for 24426, VA

13,695

Population

7,249

Households

1.9

Avg Household Size

47

Median Age

13%

College-Educated

91%

High-School Grad

363.7 sq mi

ZIP Area

38

Density / Sq Mi

$51,841

Median Household Income

$34,937

Median Earnings

$808

Median Rent

$113,600

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?

Duplex - Two residences share one tax parcel, with one currently rented and the other available for occupancy or leasing.

Where is this duplex located?

The property is located at 702 N Beverly Ave Covington, VA.

What is the asking price?

The asking price for this property is $95,000.

What are key features of this property?

This property features: Two homes situated on one tax parcel; Front home: 1, 056 sq ft, 2 bedrooms, and 1 bathroom; Rear home: 816 sq ft, 2 bedrooms, and 1 bathroom